Dear PointPay Family,
In an exciting development for crypto and traditional finance users alike, PointPay is proud to announce the listing of two highly anticipated stablecoins — VNX Euro (VEUR) and VNX Swiss Franc (VCHF) — from VNX, a leading provider of regulated digital assets. These stablecoins offer a secure, transparent, and compliant way to engage with Euro and Swiss Franc-backed digital currencies, opening up new opportunities for seamless cross-border transactions, liquidity management, and digital payments.
VNX: Innovation Rooted in Compliance and Transparency
VNX is a pioneering European company specializing in regulated stablecoins that cater to both the cryptocurrency community and traditional financial institutions. With a focus on delivering secure, reliable, and compliant digital assets, VNX is at the forefront of bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi).
Supported by a substantial grant of 2.2 million euros from the Luxembourg government, and an additional allocation of 2.3 million euros, VNX has become a symbol of government-backed innovation in the financial sector. This backing not only highlights the company’s commitment to transforming the payments infrastructure but also ensures full transparency and alignment with regulatory standards. VNX operates under two regulated legal entities in Luxembourg and Liechtenstein, ensuring its operations meet the highest standards of compliance.
VNX’s stablecoins, including VEUR and VCHF, are fully compliant with the European Blockchain Act, and the company itself is registered with the Financial Market Authority (FMA) of Liechtenstein. Trust and transparency are central to its mission, with all VNX tokens and their reserves fully disclosed, providing assurance to every user.
Meet VEUR and VCHF: Reliable, Multichain Stablecoins
VEUR (VNX Euro) and VCHF (VNX Swiss Franc) represent a new generation of stablecoins that are fully backed by the corresponding fiat currencies — Euro and Swiss Franc — held securely in Swiss and Liechtenstein banks. These digital currencies offer a 1:1 reserve ratio, providing the ultimate in stability and security for users.
VEUR is designed to cater to European users seeking a secure digital Euro for everyday transactions, remittances, and decentralized finance applications. Meanwhile, VCHF stands out as the only regulated Swiss Franc stablecoin available on the market, offering a unique opportunity for those looking to transact in the Swiss Franc digitally.
Both VEUR and VCHF are multichain assets, making them available across a variety of blockchain networks, including Ethereum, Avalanche, Polygon, and Solana. This multichain functionality allows users to transfer, buy, and sell VEUR and VCHF across different ecosystems, ensuring accessibility and interoperability.
Advantages and Unique Features of VEUR and VCHF
The introduction of VEUR and VCHF on the PointPay platform presents several compelling advantages for users:
- Regulatory Compliance: Both stablecoins are fully regulated under the European Blockchain Act, ensuring that they meet strict legal and operational standards.
- 1:1 Fiat Backing: VEUR and VCHF are both fully backed by reserves in their respective currencies.
- Global Accessibility: These stablecoins enable users to transact globally, 24/7, offering a seamless experience for anyone seeking secure and reliable cross-border transactions.
- Integration with Traditional Finance: VNX’s partnerships with institutions like Sygnum Bank enable broader adoption of VEUR and VCHF, particularly among high-net-worth individuals and institutional clients.
Beyond these core advantages, VNX has introduced several technical features that make VEUR and VCHF stand out in the world of stablecoins:
- Seamless On/Off-Ramping: Users can easily convert fiat to crypto and vice versa, using VNX’s streamlined on/off-ramp options for currencies like Euro, Swiss Franc, Bitcoin, Ethereum, and USDC. The process is facilitated through traditional banking methods, including wire transfers and card deposits.
- API for Developers: VNX provides an API that allows businesses and developers to integrate VEUR and VCHF into their platforms, enabling automated trading, payments, and more.
- TradFi Integration: VNX’s strong ties with traditional financial institutions make these stablecoins a go-to solution for those looking to bridge the gap between crypto and mainstream finance.
Explore VEUR and VCHF on PointPay Today
With the listing of VEUR and VCHF on PointPay, users now have access to two of the most innovative and reliable stablecoins in the market. Backed by regulated institutions, fully transparent, and designed for seamless integration with both crypto and traditional finance, VEUR and VCHF represent the future of digital currencies in Europe. Now available on PointPay, these stablecoins offer an easy and secure way to store, transfer, and transact with Euros and Swiss Francs.
We invite you to explore the possibilities of VEUR and VCHF on the PointPay platform today, and experience the benefits of stable, compliant, and globally accessible digital assets.
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