Harmonychain is now working on a new European Stablecoin. A Stablecoin is a store of Value and medium of Exchange. Depending on asset backing, the Stablecoin will correlate in value to underlying asset.
The most famous stablecoin is Tether which us backed by an unclear mix of bank deposits and IOUs.
This means there is a clear market for an European Stablecoin, backed 100% by Frequently Audited Assets. Stay tuned for possible Stablecoin Launch.