According to a report by Deep Tide TechFlow, on May 5th, MetaMask announced the addition of support for the euro stablecoin $EURe and the British pound stablecoin $GBPe for its cryptocurrency card. This is the first time the card has supported stablecoins pegged to European fiat currencies.
Users can go on-chain with zero fees through the MetaMask card and make payments at merchants and online platforms worldwide that support Mastercard. The card is powered by Composable (CL) Technology and is integrated with MetaMask Portfolio.
The MetaMask card operates in a non-custodial manner, allowing users to have complete control over their funds. Transactions are executed through smart contracts, with a processing time of only 5 seconds. This reflects the growing demand for cryptocurrency applications in the EU and the UK, as well as the increasingly clear regulatory framework for stablecoins.
