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Euro backed stablecoin

EURO-BACKED STABLECOIN. Eur Token. Jun 4, 2020 · 2 min read. We are living in the wave of second-generation cryptocurrency emergence. After the wild fluctuation of cryptocurrency during the coronavirus pandemic, the world, ultimately, lacks of clean and stable asset like stablecoin. In theory, stablecoins would be the best-fitting solution for the market's fluctuation, as they are pegged to. The stablecoin was developed on the Stellar blockchain and is fully regulated and 100% backed by the Euro. According to the bank, this will be the first time a bank is issuing a stablecoin. The EURB token is already live but will not be openly-traded on exchanges. This is due to stringent regulatory and KYC requirements. Instead, customers who. In September, five major European economies - France, Spain, the Netherlands, Italy, and Germany - backed the European Commission's intent to draft regulations for stablecoins. The laws primarily look to ensure adequate customer protection levels and maintain government regulators' ability to influence monetary policies in their jurisdictions

New Stablecoin Backed by the Euro, EURS | Launched by Stasis

STASIS is the Euro backed stablecoin aimed to connect decentralized finance and the off-chain market. The EURS token is issued on the Ethereum blockchain as an EIP 20 token. EURS stablecoin is compliant under EU Nation - Malta Law. Founded: 2018; Pegged to: Euro; Market cap: $35,246,105 USD; Circulating supply: 31,979,207 EUR European Bank to Issue Euro-Backed Stablecoin on the Stellar Blockchain. Bankhaus von der Heydt (BVDH), a 266-year-old German bank, is now issuing the first-of-the-kind Euro stablecoin on the Stellar blockchain in partnership with Bitbond, a CoinDesk report on Dec 9 reveals A new euro-backed stablecoin has been developed through a partnership between the Lugh Company and crypto trading platform Coinhouse, both based in France. According to an announcement Thursday,..

Euro-backed stablecoins represent the reporting currency of crypto holders in Europe, and as such, mitigate all the risks and inefficiencies related to U.S. dollars. Lastly, the euro has a killer advantage for borrowers holding crypto — the negative interest rate yield Posted on May 16, 2018 STASIS has announced EURS, which is the first stablecoin built on Ethereum's streamlined EIP-20 standard. As it is a stable coin, it is backed by 1-for-1 stable currency Euro. EURS is expected to be launched in June on STASIS, and also on London Stock Exchange Ist dem Stablecoin etwa die Währung Euro zugewiesen, dann ist der Coin das wert, was der Euro wert ist. Steigt oder sinkt der Kurs des Euro, dann fällt bzw. steigt auch der Wert des Stablecoins. Davon abgesehen ist der Coin jedoch normalerweise keinen Schwankungen ausgesetzt. Stablecoins können anderen Kryptowährungen, Rohostoffen wie Öl, Gas, etc. oder auch Mineralien wie Gold und Silber, etc. zugewiesen werden. Außerdem sind auch Währungen möglich On Thursday, Lugh Company announced the release of a euro-pegged stablecoin. The firm claims that this is the first French digital asset backed by the Euro. The new stablecoin was developed as a partnership between Lugh and Coinhouse, a crypto trading exchange and will run on the blockchain technology developed by Tezos (XTZ)

EURO-BACKED STABLECOIN

On Thursday, Lugh Company announced the release of a euro-pegged stablecoin. The firm claims that this is the first French digital asset backed by the Euro. The new stablecoin was developed as a partnership between Lugh and Coinhouse, a crypto trading exchange and will run on the blockchain technology developed by Tezos . The two firms are based in France The stablecoin called EURB operates on the Stellar Network and is backed with Euros at a 1:1 ratio The bank-issued Euro stablecoin will be primarily used for cross-border money transfers on the SatoshiPay payment platform German Bankhaus von der Heydt (BVDH) is one of the oldest banks in Europe EURS is the first euro-pegged digital asset, combining the benefits of the Stasis - Bridging the gap between decentralized finance and the off-chain market

Australia’s First Dollar-Backed Crypto Stablecoin to be

One of Europe's oldest banks, BVDH launches Euro-backed

  1. Euro-backed stablecoin EURS launches in Malta, promises no Tether antics. Tom Rodgers | Crypto, Legal & Regulation, News on Jul 3rd, 2018 at 6:37 am . Malta continues its push towards being crypto-friendly, as its president joins the first trade with EURS coin A cryptocoin pegged directly with the Euro has launched in Malta. The Maltese president Marie-Louise Coleiro Preca helped to.
  2. Lugh is the first French startup to launch a new Euro stablecoin that is backed by deposits held by french bank Société Générale. The recent announcement by Lugh describes the release and nature of the EUR-L tokens. The digital asset EUR-L is backed by Fiat Euros on a Societe Generale bank account and is currently available on the French cryptocurrency exchange Coinhouse, with plans to.
  3. d, we want to take a few
  4. g to be the biggest fully verified and collateralized stablecoin in the world, launched with a $100 million pre-launch order book which is expected to hit $500 million by year's end. Similar to Tether, EURS is fiat-collateralized. Each stablecoin unit is backed by a corresponding unit of.
  5. The stablecoin dubbed EURB is the first fiat-backed digital euro issued directly by a banking institution on the Stellar protocol. Von der Heydt will not only be utilizing the EURB for the settlement of transactions on its platform but also open the stablecoin for external B2B2C use cases. Using Bitbond's stablecoin issuance engine, the bank now offers all parts of the value chain related to.
  6. Blockchain Alliance Launches New Euro Backed Stablecoin UPEUR holders can earn interest of up to 8% via Uphold's Cred Earn application, just like a regular savings account. Aziz Abdel-Qader | Coins (CryptoCurrency ) | Saturday, 30/03/2019 | 00:02 GMT+2 2019-03-29T22:02:24+00:00 2019-04-06T18:23:17+00:00. Photo: China . Share this article. Finance Magnates Telegram Channel; Universal Protocol.
SatoshiPay to Become First User of German Bank's Euro

Lugh is the first French startup to launch a new Euro stablecoin that is backed by deposits held by french bank Société Générale. The recent announcement by Lugh describes the release and nature of the EUR-L tokens. The digital asset EUR-L is backed by Fiat Euros on a Societe Generale bank account and is currently available on the French. A new euro-backed stablecoin has been developed through a partnership between the Lugh Company and crypto trading platform Coinhouse, both based in France. According to an announcementThursday.

Major German bank Issues Euro-backed stablecoin on Stellar

  1. EURS Token, built on Ethereum's streamlined EIP-20 standard, is the first stablecoin backed 1-for-1 by the Euro with reserve balances verified and posted to the public by one of the Big Four accounting firm. Furthermore, EURS is the first cryptocurrency to release the most advanced 3-level asset verification process
  2. Universal Protocol Platform (UPP), a consortium of blockchain companies that aims to make all cryptocurrencies accessible on a single network, is launching a new Euro-backed stablecoin, UPEUR. Similar to Tether, UPEUR is fiat-collateralized with each stablecoin unit is backed by a corresponding unit of Euro
  3. At the same time, the stablecoin would need to be tied to a reserve currency, or even a selection of currencies. In that regard, it would not automatically strengthen the Euro but potentially expose it to even more fluctuations. The ECB is wry of this aspect, and claims a stablecoin only has limited use in its current form. However, a solution for cross-border payments needs to be found sooner rather than later Digital currencies, such as a Euro-backed stablecoin, would be of great help in.
  4. Malta-based startup Stasis has announced the launch of a new stablecoin, backed pound for pound by the Euro, in one of the first cryptocurrencies of its kind to be pinned to a major global currency

STASIS launches EURS, a stablecoin backed by the Euro. EURS offers unique technology and features, full regulatory compliance, and rigorous verification process. With its $100 million pre-launch. The fintech company, which offers a crypto-centric mobile finance app for exchange, remittances and passive investments, has announced support for EURS, a Euro-backed stablecoin. This will allow users to transfer EURS internationally without middlemen and use Aximetria's growing marketplace to spend EURS tokens directly at over 100 merchants Paxos Standard Token is a payment platform complete with the PAX stablecoin backed 1:1 to the U.S. Dollar. 2016: 14.5k: U.S. Dollar: The team backing Paxos is a mixed-bag with a wealth of expertise from tech and finance backgrounds. PAX is backed 1:1 by a reserve of USD. 5: True USD: True USD is a one-to-one stable currency that pegs its value to $1 U.S. per token. 2018: 1.5k: The young team. € / foreign currency stablecoin ratio can and will change. That's one of the main reasons not to hold money in $ backed stablecoins as the $ dollar value might go down. Then again, you are basically holding an € stablecoin on Nexo as they exchange fiat for the EURx stablecoin as soon as you deposit your euros on the platform A Malta-based company Stasis has launched a new stablecoin called EURS. EURS is backed by the Euro and should trade on a one-for-one basis. The coin has been built on the Ethereum EIP-20 standard platform and has already begun trading on London-based exchange DSX already

Top 13 Stablecoins of 2020 List & Compariso

EURxb.finance has introduced the world's largest Euro-based stablecoin and incorporated a fixed interest generating system for token holders. EURxb protocol has announced the launch of its EURO denominated stablecoins, EURxb, as part of its ongoing plan to launch disintermediate financial solutions As reported, one of the world's oldest bank institutions, Munich-based Bankhaus von der Heydt (BVDH), launched a Euro-backed stablecoin on the Stellar blockchain. The reason? To use this fintech modernisation 'to expand its digital asset offering to clients' FRANKFURT (R) - The European Central Bank wants veto power on the launch of stablecoins such as Facebook's Diem in the euro zone and a greater role in their supervision, it has told European.. A euro stablecoin is being issued by one of the oldest banks in the world and it's being done on the Stellar blockchain network

European Bank to Issue Euro-Backed Stablecoin on the

  1. It is the first stablecoin pegged by euro and issued directly by a financial institution on Stellar, an official announcement states, Stellar claims EURB can be leveraged by BVDH's clients and third party developers of financial applications
  2. If the backed stablecoin is backed in a decentralized manner, then they are relatively safe from predation, but if there is a central vault, they may be robbed, or suffer loss of confidence. Commodity-backed. The main characteristics of backed stablecoins are: Their value is fixed to one or more commodities and redeemable for such (more or less) on demand, There is a promise to pay, by.
  3. Euro Malta Stablecoin. Hopes are high that a new Euro-backed stablecoin, the EURS, launched by Malta-based STASIS, will provide a bridge between the worlds of traditional finance and.
  4. One of Europe's oldest banks has collaborated with Bitbond to create a stablecoin. EURB, a bank-backed stablecoin, will run on the Stellar network. Stellar is positioning itself as a solution for stablecoins and possibly Central Bank Digital Currencies
  5. Their Euro backed stablecoin is called Hybrid Euro (HEUR), and is being built on Zilliqa Blockchain. They explain such a decision with Zilliqa being the first and only blockchain to implement..
  6. First reported by French publication Les Echos, Groupe Casino aims to revolutionize payments across its stores with the launch of its Euro-backed stablecoin, Lugh. The multi-billion revenue retail company plans to use stablecoin, ticker EURL, enhance payments, loyalty rewards, and trading in the future
  7. EURL is backed by fully reserved FIAT Euros on a Société Générale bank account. Our digital asset is based on the Tezos technology! Learn more Our commitment. Lugh's commitment is to provide a transparent, secured and stable digital asset : 1 EURL is always equal to 1 €. For this purpose, PwC issues a report on the number of EURL tokens issued and the balance of the associated bank.

The euro would then become a stablecoin backed solely by government bonds. Only the ECB (and not the commercial banks) would be responsible for issuing it. To protect this new asset token. Germany's dominant political parties are mulling a euro-backed stablecoin Germany's dominant political parties want to build a euro-backed, bank-controlled stablecoin to compete with Facebook's Libra. By Ben Munster. 2 min read. Jul 1, 2019 Jul 1, 2019. Bitcoin. Germany's dominant political parties, the Christian Democratic Union of Germany (CDU) and the Christian Social Union (CSU), are.

Lugh will be the first French stablecoin backed by the Euro. The initial coin offering will include 500,000 units that will be made available on the Coinhouse Cryptocurrency Exchange for a few months until the test phase is complete. It will then move on to being listed on other cryptocurrency exchanges. READ eBay 'Virtual Currency' Ad Stirs Up Crypto-Twitter; eBay Coin Or Bitcoin Payments. German bank introduces unprecedented euro-backed stablecoin « on: December 21, 2020, 05:51:12 pm ». Firstly, EURxb is a EUR stablecoin. The decision to opt for a EUR-pegged coin stems from the lack of formidable options. While the crypto community has a plethora of established US-backed stablecoins to choose from, there is hardly a EURO-pegged stablecoin on the list of the top 100 cryptocurrencies by market cap. This may be due to the shortage in demand for such an offering but it also shows.

Europe now has its Euro stablecoin thanks to a bank

In contrast, a stablecoin arrangement that is backed one-to-one by a single fiat currency will guarantee the coin's value in the backing currency. Even then, though, end users who do not earn income in that currency will still be exposed to foreign exchange risk. Furthermore, if a global arrangement has a substantial number of users from countries with a currency other than the backing. DTransfer partners with Bankhaus von der Heydt on new Euro stablecoin 15 December 2020 We are glad to announce that DTransfer parent company SatoshiPay signed an agreement with German Bankhaus von der Heydt to become the first official user of the bank's fully compliant euro-backed stablecoin USD Coin (USDC) is a stablecoin fully backed by the US dollar. Where available, Coinbase customers with US dollar accounts may exchange 1 USDC for US$1.00 (and vice versa) on Coinbase One of Germany's oldest banks said it was choosing the Stellar network to issue a Euro-backed stablecoin, in one of the first such instances. As per an official announcement on Wednesday, Bankhaus von der Heydt (BDNH) said it would launch the EURB stablecoin on the Stellar network this week. The development is a result of a partnership between itself and Bitbond, a German startup that. tldr; French retailer Groupe Casino is launching its own euro-backed stablecoin dubbed Lugh. Named after the Gauls, the coin is currently reserved for cryptocurrency traders, but it will be used for in-store payments and loyalty points by a future consortium of retailers. The stablecoin's reserves have been audited by PwC France, a French subsidiary of the global accounting giant. This.

Have you ever considered that despite many existing and ongoing projects, the stablecoin niche has only EURS as the one and only live euro-backed asset which survived in competitors' race? You. Euro-backed stablecoin Stasis vow to release quarterly audits Malta-based stablecoin Stasis have vowed to conduct quarterly and annual audits to prove reserves of Euros are being used to back the amount of Stasis in circulation . Oliver Knight. December 11, 2018. Share: Malta-based stablecoin issuer Stasis have vowed to conduct quarterly and annual audits of their Euro reserves, offering an.

French Firm Launches Euro Stablecoin With Monthly

  1. In other news, SatoshiPay will become the first company to use German Bankhaus von der Heydt 's (BDVH) fully euro-backed stablecoin EURB, according to a press release from investing company Blue..
  2. SatoshiPay has today announced that, in respect of DTransfer, it has signed an agreement with German Bankhaus von der Heydt (BDVH) to become the first user of the bank's fully compliant euro.
  3. g to launch a pilot with a single stablecoin pegged to the U.S. dollar in 2021, according to a person familiar with the matter. Formerly known as Libra, the Facebook.
  4. ant political parties want to build a euro-backed, bank-controlled stablecoin to compete with Facebook's Libra
  5. Financial tokenization platform STASIS launches EURS, a stablecoin backed by the Euro. The order volume is projected to reach $500 million by year's end and will instantly make EURS the world's #1 verified and fully collateralized stablecoin.STASIS has designed EURS specifically to satisfy growing demand on cryptocurrencies from European institutional investors
Stablecoins explained: what are they and how do they work

Euro-Pegged Stablecoin: The Ultimate Growth Driver for

You are currently not logged in. Login Subscribe Get Research. Content; News Research Data Reports Multimedia; Event Munich-based Bankhaus von der Heydt — which was founded back in 1754 — became the first banking institution to directly issue a stablecoin on the Stellar blockchain. The bank first announces the plan to issue the euro-pegged cryptocurrency in July when it unveiled its tokenization strategy We were keen to partner with Monerium and list their Euro-backed regulated e-money on the Earn platform. We have seen a vast increase in the on-chain volumes of digital assets this year and we wanted to offer our customers exposure to European markets alongside our dollar-denominated stablecoin markets. Stablecoins are the gateway asset to DeFi and we are excited about the opportunity for. Tether, issuer of the eponymous stablecoin, is set to launch a yuan-backed stablecoin in China sometime in the near future. By Ben Munster. 1 min read. Aug 21, 2019 Aug 21, 2019. Tether, the issuer of the stablecoin USDT, is preparing to launch a new stablecoin pegged to the Chinese yuan. According to Chinese news site ChainNews, the token, CNHT, will be launched soon—though no. Euro Stablecoin (EURB) based on Stellar. Officially, there is now a Digital Euro in the Eurozone, listed as Euro Stablecoin (EURB). The issuer is the German bank von der Heydt. The EURB is fully regulated and backed 100% by euros. However, due to regulatory requirements as well as strict KYC requirements, the stablecoin cannot be traded publicly

EURS: Euro Backed Stablecoin by STASIS - Finance Minute

On Thursday, Lugh Company announced the release of a euro-pegged stablecoin. The firm claims that this is the first French digital asset backed by the Euro. The new stablecoin was developed as a partnership between Lugh and Coinhouse, a crypto trading exchange and will run on the blockchain technology developed by Tezos ().The two firms are based in France Today, Canada's VersaBank announced plans to issue a Canadian dollar stablecoin VCAD, one-to-one backed by a Canadian dollar deposit at the bank. If you haven't heard of the chartered bank before, it's because it's not Canada's biggest, with a market capitalization of CAD 288 million ($229 million) Canada-Based VersaBank Unveils Plans to Launch VCAD, Canadian Dollar-backed Stablecoin Feb 25 2021 · 11:35 UTC | Updated Feb 25 2021 · 11:44 by Benjamin Godfrey · 3 min read Photo: Unsplas

Stablecoin: Was ist ein Stablecoin und wie funktioniert

Lugh is the first French startup to launch a new Euro stablecoin that is backed by deposits held by french bank Société Générale. The recent announcement by Lugh describes the release and nature of the EUR-L tokens. The digital asset EUR-L is backed by Fiat Euros on a Societe Generale bank account and is currentl Billon launches blockchain solution for private COVID-19 immunization certificate » CryptoNinja

What is EUR-L, Coinhouse’s stablecoin? – Coinhouse

Lugh Co. Rolls The First Euro-Backed Stablecoin Using ..

Euro stablecoin launched on Stellar by one of Europe's oldest banks . Cryptocurrency. December 10, 2020. Spread the love. The EURB is fully regulated and backed 100% by Euros, allowing banks and institutional investors to use the cryptocurrency without exposure to counterparty risk. Germany's Bankhaus von der Heydt, or BVDH, has launched a Euro stablecoin on the Stellar network. The bank. One of Europe's oldest banks launched a stablecoin pegged to the euro. Banks and institutional investors show an interest in cryptocurrencies With all the controversy and mistrust surrounding Tether (USDT) it's no surprise that a multitude of new alternatives have popped up recently. The latest example is from Malta where a company seeking a local crypto license has launched a Euro-backed stablecoin, EURS. Also Read: Opera Browser Introduces a Built-in Cryptocurrency Wallet Stasis Launches EURS Stasis A well-known or most popular fiat-backed stablecoin is the currency Tether (USDT). Tether is backed by the US dollar, Euro (EU), and the Japanese yen (JP). Its market capitalization is about $4B at the time of writing. Tether is issued by a company called Tether Limited. It was launched as RealCoin in July 2014 and was rebranded as Tether on 20 November 2014. Tether is also the A stablecoin is a cryptocurrency whose value is pegged to assets with stable value including fiat currencies (e.g. USD, EUR, etc) and precious metals. Gold-backed cryptocurrencies are special forms of stablecoins, the value of which are pegged to that of gold. Combining the innovative capabilities of the blockchain technology with gold offers a convenient solution to the highly volatile cryptocurrency market

Launch of Euro stablecoin Lugh, backed by SocGen bank

For instance, a crypto backed stablecoin may issue only $500 worth of coins for every $2,000 of crypto in reserves rather than keeping a 1-to-1 ratio. Siegniorage Style Stablecoins. Siegniorage. Stasis, a financial tokenization platform recently announced the launch of EURS, a new stablecoin built on the EIP-20 standard of the Ethereum network, which will be backed 1:1 by real Euros. This move was to be expected upon seeing the success that other stablecoins like USDT and TUSD have had in the crypto-verse as means to achieve some financial stability We were keen to partner with Monerium and list their Euro-backed regulated e-money on the Earn platform. We have seen a vast increase in the on-chain volumes of digital assets this year and we wanted to offer our customers exposure to European markets alongside our dollar-denominated stablecoin markets. Stablecoins are the gateway asset to DeFi and we are excited about the opportunity for our customers to tap into the Euro digital asset ecosystem Bankhaus von der Heydt, one of the oldest banks in Europe, has launched a euro-pegged stablecoin powered by Stellar, according to a Dec. 9 press release. The new digital asset was rolled out in partnership with Berlin-based blockchain startup Bitbond. Bridging traditional banking and crypt Hybridverse revealed in their medium page that the company aims to provide a decentralized Euro backed Stablecoin. This stablecoin (HEUR) would be used for trading and cross border transactions. It would also feature protocols that would ensure faster transactions and independence unlike other fiat backed cryptocurrencies. Zilliqa (ZIL) Emerged As Hybridverse Choice due To Sharding Technology.

Germany launches a Euro stablecoin on Stellar Headlines

This is why Mr Mazzuca created EURST, a USD asset-backed and live audited stablecoin. The newly developed digital currency from Wallex Trust represents 1€ worth of USD, secured by the accounts. Its investors will reportedly include Zhao Dong, who holds shares in Tether's sister company, Bitfinex. Tether has already launched its flagship stablecoin on several blockchains, including Bitcoin, Ethereum, EOS, Tron and Algorand. But so far, Tether is only pegged to the US dollar and the euro French Outfit Lugh Rolls The First Euro-Backed Stablecoin Using Tezos Blockchain. Chinese Digital Yuan Rolled Out In Another Test Pilot in Chengdu; $8 Million in DCEP. Bitcoin-Friendly Gary Gensler Set to Become SEC Chairman Under Biden Administration . Italian Banking Association Rolls Out Digital Euro Pilot; Testing For Technical Feasibility. Brazilian Bank To Implement Its Own Ethereum. SatoshiPay to Become First User of German Bank's Euro Stablecoin. Cryptocurrency payments provider SatoshiPay has inked a deal with German bank Bankhaus von der Heydt to become the first user of its recently revealed euro-backed stablecoin (EURB). Crypto Market Cap Exceeds $1T for First Time. The fact the total value of all the cryptocurrencies in the market has exceeded this mark is not a

A stablecoin which is backed - or collateralized - by means of a fiat asset, such as the US dollar is fiat-backed. Although it usually has a fiat currency as its pegged value, a stablecoin which is backed by a cryptocurrency has a cryptocurrency token as collateral in order to compensate for any volatility that the market might show StablyUSD (USDS) stablecoin comes to Tezos blockchain. Fintech company Stably has launched USDS, its USD-backed stablecoin that had previously been issued on Ethereum, on the Tezos blockchain, according to an announcement shared with CryptoSlate today The announcement comes in light of Facebook's plans to launch a dollar-backed digital coin called Diem. The social network had originally planned to release a stablecoin called Libra. A basket of official currencies would have backed this, but regulatory backlash saw the project falter. ECB Issues With Stablecoins. In September, the European Union (EU) intends to establish comprehensive.

After months of high client demand, YouHodler is pleased to officially announce the addition of the first Euro-backed stablecoin to the platform. As of today, users can deposit the STASIS EURS stablecoin to the platform and start earning 12% APY with these new Euro savings accounts. We are thrilled to partner with an organization such as STASIS for this event, and we know our clients will. Groupe Casino, a Paris-based mass-market retail group with more than 11,000 stores, has launched the first Euro-pegged stablecoin, Lugh (EURL), on the Tezos blockchain. Groupe Casino developed this stablecoin in collaboration with Nomadic Labs, also a Paris-based R&D company focused on distributed, decentralized, and formally verified software.. Much like Tether, USDC is backed by a central group called CENTRE, which has recently burned and minted several USDC tokens. Meanwhile, Binance CEO Changpeng Zhao reports that its stablecoin, Binance USD, which was introduced last September, has reached a market cap of $132 million, making it the fourth largest stablecoin USDC is a fully-reserved U.S. dollar-backed stablecoin, launched by industry pioneers Coinbase and Circle. Each USDC is backed 1:1 by U.S. dollar reserves held in regulated U.S. financial institutions and is subject to monthly attestation by a leading global auditing firm to provide utmost transparency for its holders. realioUSD Realio is an asset tokenization platform that democratizes access. Back to Press. Press Release. Bitbond and Bankhaus von der Heydt Issue Euro Stablecoin (EURB) on the Stellar Network. December 9, 2020. EURB is the first stablecoin issued directly by a banking institution on Stellar and the first of its kind in the crypto market from Europe. SAN FRANCISCO, USA, and MUNICH, GERMANY, December 9, 2020 — Bitbond, Germany's leading tokenization and digital.

The stablecoin is backed by more than 1:1 ratio in crypto assets because of the volatility in the industry. If the individual doesn't maintain their collateral above the threshold and don't pay back the stablecoin his position will be liquidated with a fee. The system has a security mechanics put in place if market crash or black swan event occurs. There is a reserve fund and second. As the world's first Euro DeFi (decentralized finance) lending platform, MiMo facilitates the minting of PAR (Parallel), a token algorithmically pegged to the Euro. Users lock up their digital assets as collateral in a virtual vault, as opposed to spending them. Implemented on-chain, this makes PAR the first fully decentralized Euro stable token of its kind

This is why Mr Mazzuca created EURST, a USD asset-backed and live audited stablecoin. The protection of wealth from losing value in relation to the Euro may use the stablecoin to save money without opening a bank account in Europe 2. Users wanting to deposit funds to cryptocurrency exchanges for trading may use EURST instead of Fiat. 3. Oversees workers may use EURST to bypass the. The company on Thursday also said that it would provide fiat currency lending backed by digital asset collateral. This new service will allow users to use their digital assets in holding on their Crypto.com wallet as collateral for loans to be spent using the Crypto.com Visa card. By JP Fund Services. Lugh Introduces Eur-L Stablecoin. Meanwhile, in Europe, a French firm launches a Euro. Stablecoin Issuer Promises Full Audits of Euro-Backed Crypto TokenStablecoin Issuer Promises Full Audits of Euro-Backed Crypto Token - Altcoin Today. Bitcoin, Bitcoin News, breakingnews, Crypto, crypto news, Cryptocurrency, News Posted on December 10, 2018 BTCInvestornet. Spread the love. Stasis, a Malta-based issuer of stablecoins, has hired accounting firm BDO Malta to conduct quarterly. Euro deposits and cash are expected to be resilient to the possible advent of an alternative store of value . In the event that this less plausible alternative store of value scenariomaterialises, significant implications for monetary policy could arise. This scenario involves stablecoin types that hold safe assets as collateral to achieve high levels of stability of the stablecoin. This stablecoin token is interesting because we can have all the features of cryptocurrency without the volatility, the Ghanaian explained. Even though the Naira is not one of the strongest currencies in Africa, it is good news that what is the pioneering Africa-focused stablecoin is being backed by it. Featured Image: Ethex Via Mediu

A Malta-based stablecoin issuer, Stasis recently employed the services of accounting firm BDO Malta in order to conduct quarterly & yearly audits of their financials, which will include the euro backed reserves pegged to the startup's EURS token Get Digital EURO. Get access to the digital money with simple single-step interface. Wire EUR to purchase EURS stablecoin or convert it back to your Bank account Log In. Create Account. Log in with scb.io account How it works. 1 Apply for KYC to get verified; 2 Deposit EURS stablecoin; 3 Track conversion and withdrawal status; 4 Receive wire at your bank; Unique & simplified KYC solution. ECB wants final say on stablecoin issuance under new EU regulation. Written by Ruby Hinchliffe; 2nd March 2021; The European Central Bank (ECB) wants to have the final say on the issuance of stablecoins under EU regulation proposed in September. The ECB published its opinion on amendments for crypto-asset regulation last month to the European Council. This new regulation won't apply in the. French retail giant Groupe Casino which is a 120-year old company based in the European country will launch a Tezos-backed stablecoin and the new coin will be named after a god in Irish mythology under the ticker symbol EURL so let's find out more in our latest Tezos news today.. The French retail giant will be launching stablecoin to use in its stores' loyalty programs as well as for.

A 120-Year-Old Retail Giant Will Launch Stablecoin Backed By Tezos. By Tobi Loba. March 18, 2021. Facebook. Twitter. ReddIt. Pinterest. WhatsApp. Telegram. Linkedin. Mix. As a report has it, Groupe Casino, a 120-year-old retail company based in France, will be launching a stablecoin pegged to the Euro on the Tezos blockchain. The new development was first shared by a French Journalist. Stablecoin Issuer Stasis Promises Full Audits of Euro-Backed Crypto Toke However, this isn't the first time that the UPA is launching a fiat currency backed Stablecoin. Prior to this, the alliance has successfully launched US dollar backed digital coin (UPUSD), and also a Bitcoin backed digital token (UPBTC). The alliance further informed that the Universal Euro will be available on the Uphold Platform. It also added that these Stablecoins can be monetised. Facebook-backed digital currency project Diem could launch its first stablecoin in 2021 as a small-scale pilot, according to an anonymous source. Cited in a CNBC report published on Tuesday, the.

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