Polygon Welcomes Euro Payments to Onchain FX Markets
Monerium's regulated euro token, EURe, is now connected to onchain FX markets on Polygon, thanks to a partnership with Frax and Capa Connect. This integration allows users to exchange euros for dollars directly within transfers.
The EURe/frxUSD pool on Polygon provides a direct route into dollar liquidity, enabling users to exchange the two assets. Financial apps can build this exchange into payments and treasury services, eliminating the need for bank transfers or separate currency conversion steps.
Capa Connect's stablecoin FX and cross-border payment infrastructure helps support liquidity and generate real payment flows and FX activity. The partnership uses Uniswap v3 as the exchange infrastructure, with Polygon settling the swap.
Payment apps can now offer currency exchange alongside customer balances, opening up new ways to save, spend, and manage money across currencies. Monerium's API handles onboarding, issuance, redemption, and euro payments, making it easy for developers to build these features around an existing euro banking connection.