nEUR is a stable coin which mirrors EUR investments on Neufund. If someone wants to make an investment in EUR on Neufund, nEUR, are being created. When an investor wires EUR to the Neufund Platform the nEUR is created (and destroyed) against a deposit on a bank account. The nEUR transaction rate between nEUR and EUR is 1:1. It can only be used inside the Neufund Platform. It cannot be used outside Neufund and it cannot be traded on exchanges.
Created by: Shani Koren
Modified on: Thu, 1 Nov, 2018 at 11:25 AM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.