Monerium, Frax and Capa have launched an EURe/frxUSD liquidity pool on Polygon’s Uniswap v3, enabling direct swaps between regulated euro liquidity and dollar-denominated stablecoin liquidity. The pool operates through Polygon-based applications rather than relying on traditional bank foreign-exchange market hours. Monerium, a regulated electronic money institution, issues EURe and eligible customers can use SEPA transfers to receive it in an associated wallet before exchanging it for frxUSD. Capa supports liquidity, payment and foreign-exchange activities related to the pool. PANews reported the launch on Oct. 1, citing Polygon’s official blog, and CryptoTwitter commentator @0xPolygon highlighted the development as the crypto market showed mixed signals.