Let´s add to the current list of stablecoins:
AED (United Arab Emirates dirham)
MXN (Mexican peso)
Eumlet is a B2B payment protocol allowing users to instantly send and stream payments with Terra stablecoins and tokens.
Enterprises can integrate into our low code rest API to digitise their payment systems without complex overheads and at a fraction of IT infrastructure costs.
Small and medium sized businesses can use our web portal for all payment related tasks. Similarly, consumers can access our mobile app for a seamless user experience.
Eumlet is helping increase the adoption of the Terra stablecoins ecosystem in the MENA region and South America. We have a pipeline of entreprise customers from local schools to businesses in the UAE who want to make to B2B payments and more recently the goverment is considering paying workers in digital currency. This would bring an estimated market of 8 million workers who are paid on average 110 billion AED per annum.
A commodity trading platform between Mexico and the UAE will use our payment protocol as soon as MXN is available as a stablecoin and this would bring around $100M / month in payments in the MXN stablecoin through the protocol.
Oracle feeder providers will have to upgrade software to support the new pairs being added, and validators will have to make sure they run the new and upgraded software. Submitting oracle votes will also now be slightly more expensive.