{"id":32154,"date":"2020-12-10T17:49:53","date_gmt":"2020-12-10T16:49:53","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=32154"},"modified":"2020-12-10T17:49:53","modified_gmt":"2020-12-10T16:49:53","slug":"euro-stablecoin-eurb-is-now-live-on-stellar-network","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/euro-stablecoin-eurb-is-now-live-on-stellar-network\/","title":{"rendered":"Euro Stablecoin (EURB) is Now Live on Stellar Network"},"content":{"rendered":"
Stellar announced a new launch on the network by Bitbond and Bankhaus von der Heydt. The first stablecoin by a banking institution is now live on Stellar network<\/a>, called Euro Stablecoin (EURB).<\/strong><\/span><\/p>\n <\/p>\n Stellar claims the new stablecoin is the first of its kind in the European crypto market. The new stablecoin<\/strong> <\/a>on the Stellar network results from a partnership between a tokenization company and a traditional banking institution.<\/span><\/p>\n The blockchain revolution has impacted the financial sector and somehow forced traditional players to follow. Many governments have developed plans to issue stablecoins as alternative payment solutions. Many traditional banking institutions are trying to join the movement by issuing stablecoins, too. The latest big news comes from one of Europe’s oldest banks. They have partnered with a tokenization company to issue a stablecoin on the Stellar network.<\/span><\/p>\n The partnership between Bitbond, Germany’s leading tokenization and digital asset custody technology provider, and Bankhaus von der Heydt (BVDH), one of Europe’s oldest banks, has resulted in issuing EURB on Stellar Network. It’s excellent news for the Stellar community and shows this network’s capabilities to support big banks.<\/strong><\/span><\/p>\nTraditional Banks Joining the Blockchain Move<\/b><\/h2>\n