Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: sirty143 on December 10, 2020, 07:36:53 AM

Title: Euro stablecoin launched on Stellar by one of Europe's oldest banks
Post by: sirty143 on December 10, 2020, 07:36:53 AM

Euro stablecoin launched on Stellar by one of Europe's oldest banks

(https://i.imgur.com/i59ajKnl.jpg)

The EURB is fully regulated and backed 100% by Euros, allowing banks and institutional investors to use the cryptocurrency without exposure to counterparty risk. The bank claims the token... See more for yourself here (https://cointelegraph.com/news/euro-stablecoin-launched-on-stellar-by-one-of-europe-s-oldest-banks).

Your opinion is greatly appreciated.

Title: Re: Euro stablecoin launched on Stellar by one of Europe's oldest banks
Post by: Malam90 on December 10, 2020, 10:05:17 AM

EURB is another new stablecoin that was developed on Stellar Network. It is backed by EURO and fully regulated. It seems to like XRP which is another regulated centralized coin but XRP isn't stablecoin. But it won't be traded openly on exchanges for regulatory and KYC bindings- this is concern of how dealing with this for general traders who accustomed to using normal stablecoin like USDT, USDC.