E-money token
A type of crypto-asset that purports to maintain a stable value by referencing the value of one official currency.
Or electronic money token.
As defined in the MiCA Regulation. See also crypto-asset and asset-referenced token.
Hence, an e-money token is a stablecoin which is supposed to be pegged to fiat money, in contrast to asset referenced tokens.
UpdatedApr 21, 2023