Membrane Finance, Polygon Labs, and deltaDAO recently announced a strategic partnership. The parties are bringing the world’s first euro-regulated stablecoin, EUROe, to Gaia-X.
After the integration is done, EUROe will act as the primary settlement token on the platform. The GEN-X network, a Web3 system within Polygon Supernets, has been designed for Gaia-X and European AI.
Their collaboration allows Gaia-X users and the GEN-X Web3 ecosystem, identified by Gaia-X, to settle data, infrastructure, and AI service transactions. These factors will use EUROe on GEN-X instantly for a portion of the standard payment networks’ cost.
As a pan-European cross-industry project, Gaia-X is offering a democratic and open data infrastructure. They are collaborating with over 365 companies and organizations from 21 sectors. These industries involve energy, mobility, finance, infrastructure, aerospace, tourism, healthcare, and public services.
Designed by deltaDAO, the GEN-X network boasts the support of Ocean Protocol and Polygon Supernets. It connects the mentioned sectors with emerging ones, including Web3, DeFi, and AI. The project aims to enable portability, transparency, interoperability, and data sovereignty across sectors.
The use of EUROe will make the cross-border settlement procedure more affordable and quicker. It will also reduce any third-party risks and the use of mediators. At the same time, it facilitates applications that integrate into the network for high interoperability. This can be conducted since the participants will not require multiple payment providers.
Kai Meinke, the business lead and co-founder at deltaDAO, also talked about the recent development. According to Kai, Europe has to overcome the ongoing imbalances in the market to become more virtually competitive. By integrating EUROe with GEN-X, the nation can achieve these results.