e-Money happens to be a Cosmos-based electronic payment system. After much deliberation, the entity has finally decided to pull back its euro-backed stablecoin EEUR. According to reliable sources in their camp, this much-thought-out step has been taken considering the present crypto bear market situation. In a statement issued, it mentioned that despite everything, it will still be doing justice to the EEUR stablecoin redemptions up until the 6th of march, 2023. 

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.