The company Hybridverse announced on Twitter the official launch of the Hybrid Euro (HEUR) stablecoin on the Zilliqa (ZIL) mainnet.
After more than a year of design and development, Hybrid Euro #HEUR is LIVE on @zilliqa Mainnet! There's a long journey ahead, step by step we'll get there.
Visit https://t.co/Sp8Gz5XgG5 to know what's ahead
Or continue reading on Medium: https://t.co/v1bAFbh1vc
— Hybridverse Blockchain (@hybridverse) December 9, 2019
Starting from the incubator of the Polytechnic of the University of Turin, it took just over 1 year and 35 days for the Italian guys in the team to create a Proof of Concept (PoC) for Hybrid Euro.
We already talked about this project in June, but at the time it was not yet active on the mainnet.
A new frontier of stablecoins is emerging today. Hybrid Euro is among the first to use Zilliqa, a blockchain that offers different use cases, as explained in a recent interview by The Cryptonomist with founder Max Kantelia.
Obviously, this is still the very beginning of the stablecoin, but it could soon be used as a payment method, considering that its value does not vary significantly; it is no coincidence that ever more stablecoins, such as DAI, are also being added to the Coinbase card.
Another aspect to consider is that of POS (Point of Sale), which will allow physical stores to accept payments with the new Hybrid Euro stablecoin with a simple scan of the QR code.
The team of this euro stablecoin also plans to share the research and development that led to the project’s creation through the Enterprise Stablecoin SaaS platform, allowing institutions and the business sector to create their own pegged asset that can be used effectively and easily.
It is certainly a success for the Italian team that shows how even in Italy there are excellent projects that create job opportunities.