The issuance stop is effective as of January 9th, 2023. Under the terms and conditions (available at https://e-money.com/legal), e-Money will support redemption until March 6th, 2023, after which further redemption will assessed case by case.
Deciding to unwind the EEUR issuance was not an easy decision. e-Money was founded in 2017 with a vision to capture significant stablecoin market share and be a reliable and trusted building block for global financial inclusion. Given the current market conditions, that effort has unfortunately reached a stage where it is prudent and responsible to wind it down.
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