German bank introduces unprecedented euro-backed stablecoin

[mlawson71]

Bankhaus von der Heydt (BVDH), which happens to be one of the oldest banks in Europe, is issuing out its own stablecoin, embracing cryptos. Said coin is called EURB and it will be backed by the EUR. EURB was developed by the bank in collaboration with blockchain developer Bitbond.
The bank stated that EURB will be using the Stellar Network , because they and their partner Bitbond liked the ease with which currency could be managed there. Apparently the EURB is already circulating on the service of SatoshiPay, which is a payment provider and one of the early providers of the Stellar Network.
Source
Who knew we'd see the day when banks started issuing stablecoins. Then again, that shows how far this industry has come.

[Malam90]

German bank declared to develop a new stable coin named EURB which will be fully backed by fiat currency (EURO). This EURB stable coin will be created on Stellar Network. It will encourage other financial institutions to create more stable coins in the upcoming future.

[kent47400]

Very good because Germany is a very strong European country financially and certainly if it supports cryptocurrency then the results will be good.
The German state review for stable coins is indeed worth developing because if Fiat money from Germany comes in, it is certain that the market cap of all cryptocurrencies will also increase.

[Carbitcoin]

I believe that for a stablecoin that will be fully supported by the euro, you need to choose not only the stellar platform, but also to be more successful, you need to use the practice of Tether. But nevertheless, this is a very good indicator for the entire cryptocurrency market and for each user.

[Fenix]

 Now many banks intend to issue stablecoins. True, this is mainly done by the central banks of states, since it is they who manage the national currency, which is to ensure the circulation of a stablecoin. The European Union countries need to issue a common stablecoin backed by the euro.
This process shows the prospects for the implementation of blockchain technology in the financial sector and, in general, will contribute to the popularization of cryptocurrency. However, on the other hand, stable coins of states will be strong competitors to decentralized cryptocurrency as a means of payment.

[helojelly]

I hope the stable coin grows and there are lots of choices, because I only often use USDT pairs because the fees are cheap to send and many pairs use USDT

[Lutera94]

German bank declared to develop a new stable coin named EURB which will be fully backed by fiat currency (EURO). This EURB stable coin will be created on Stellar Network. It will encourage other financial institutions to create more stable coins in the upcoming future.

Germany are very good positive in crypto and now german bank take a very good step. I am very happy to see this kind of news . I hope EURB are usable by many peoples in Germany.

[ttcsalam]

Bankhaus von der Heydt (BVDH), which happens to be one of the oldest banks in Europe, is issuing out its own stablecoin, embracing cryptos. Said coin is called EURB and it will be backed by the EUR. EURB was developed by the bank in collaboration with blockchain developer Bitbond.
The bank stated that EURB will be using the Stellar Network , because they and their partner Bitbond liked the ease with which currency could be managed there. Apparently the EURB is already circulating on the service of SatoshiPay, which is a payment provider and one of the early providers of the Stellar Network.
Source
Who knew we'd see the day when banks started issuing stablecoins. Then again, that shows how far this industry has come.

This is very good news of all investor now a days i see some good company and big big institute investing on this market so we can expect some good news from heare as like German bank .

[damsix]

EURB is supported by the stable Euro coin and working with Bitbond, I think Binance Euro. lol
In my opinion, Bitbond is not too bad either, although now the ranking of Bitbond has not been recorded on Coinmarketcap and this will probably be a question for many people.
I've also checked Coinmarketcap for information about Bitbond, and check it here: https://coinmarketcap.com/currencies/bitbond-sto/