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A reserve-backed, interest-bearing euro token on the e-Money (Cosmos) chain — noted as the first stablecoin on Osmosis.
Unusually for the era, it paid holders interest and was backed by euro reserves at EU credit institutions. The product was fully wound down in stages: minting ceased on 9 January 2023, redemptions ran to 6 March 2023, and the final buyback window closed on 9 April 2024. Its Cosmos chain is not supported by our collectors, so no on-chain series is maintained.
| Issuer | e-Money |
| Legal entity | e-Money A/S (Denmark) |
| Jurisdiction | Denmark |
| Product type | Reserve-backed interest-bearing token |
| Regulatory status | None (pre-MiCA); not a MiCA EMT |
| Backing model | Reserve-backed, interest-bearing euro (Cosmos); reserves historically at EU credit institutions. |
| Historical chains | e-Money (Cosmos) |
| Redemption | April 9, 2024 (buyback ended) |
| Last verified supply | Fully redeemed / wound down |
| Current status | Discontinued |