Mike Novogratz met en garde contre un „chaos total“, avec une montée en flèche du bitcoin et un effondrement du dollar

Mike Novogratz prévoit qu’un pour cent de la richesse mondiale sera en crypto d’ici la fin de 2021.

Lors de sa dernière interview à Bloomberg, le PDG de Galaxy Digital, Mike Novogratz, a averti que la pentification des courbes de rendement pourrait créer „un chaos total dans les rues“:

Je ne veux pas voir le monde s’écrouler. Je ne veux pas que les courbes de rendement se raidissent comme des fous, que le dollar se déprécie et que le bitcoin monte en flèche, vous savez, jusqu’à la lune, car ce serait le chaos total dans les rues, mais c’est ce que nous observons.

Selon M. Novogratz, les investisseurs parient sur la probabilité d’un tel scénario apocalyptique, qui devient „un peu plus élevée“:

Quand les gens perdent confiance, les rendements montent en flèche. Ou les devises. Regardez ce qui est arrivé à la livre turque au cours de l’année dernière.

Le bitcoin ne sera pas utilisé pour acheter des chaussures

Novogratz prédit une guerre dans les paiements entre les monnaies stables et les monnaies numériques des banques centrales.

Le milliardaire considère le bitcoin comme une couverture contre l’impression monétaire effrénée, et non comme un moyen de paiement:

Je ne pense pas que le bitcoin sera utilisé pour acheter des chaussures, ou, vous savez, des lunettes de soleil ou du coca light.

Un pour cent de la richesse mondiale

Comme le rapporte U.Today, la capitalisation boursière totale de toutes les crypto-monnaies a dépassé les 2 000 milliards de dollars pour la première fois le 5 avril.

L’ancien gestionnaire de fonds spéculatifs s’attend à ce que les crypto-monnaies atteignent un pour cent de la richesse mondiale d’ici à la fin de 2021.

À propos de la récente faiblesse du bitcoin, M. Novogratz affirme qu’il s’agit simplement d’argent „circulant dans le système“:

Les gens font la même chose que lorsque nous avons recommencé. Ils se renseignent sur le bitcoin, ils gagnent de l’argent, puis ils voient ce qu’il y a d’autre. Ils découvrent le projet Ethereum. Ils commencent à y mettre quelques puces, et maintenant ils mettent de l’argent dans les NFTs, ils mettent de l’argent dans les DeFi, et dans tout l’écosystème.

Il prezzo di $ 56,3K Bitcoin e il segnale di capitalizzazione di mercato di $ 1T BTC sono qui per rimanere

Il prezzo del bitcoin ha raggiunto un nuovo massimo a $ 56.368, consolidando il suo status di uno degli asset più preziosi del pianeta.

Poiché il prezzo del Bitcoin ( BTC ) ha superato i $ 55.300 nella sessione di negoziazione mattutina, la sua capitalizzazione di mercato ha superato per la prima volta $ 1 trilione il 19 febbraio. Il breakout è continuato per tutto il giorno e nell’ultima ora il prezzo di BTC ha raggiunto un altro massimo storico a $ 56.368.

Ora che Bitcoin ha consolidato il suo status di risorsa da trilioni di dollari tra Amazon, Apple e Google, le banche legacy stanno mostrando un crescente interesse nell’offrire servizi di custodia di criptovaluta per i propri clienti.

Secondo Treyce Dahlem, analista di TheTIE , le conversazioni sui social media che includono „Bitcoin“ come parola chiave sono aumentate del 38% dal 18 febbraio. Più di 102.000 tweet sono stati inviati nelle ultime 24 ore, e questo è solo “ 30.000 tweet timidi di stabilire un nuovo record. “

Dahlem ha detto:

“Il numero di utenti Twitter che parlano quotidianamente di Bitcoin ha raggiunto il nuovo massimo storico di 38.500, in crescita del 325% rispetto a un anno fa.
Le altcoin crescono mentre DeFi e CeFi iniziano a fondersi

Molteplici altcoin si sono uniti a BTC ed Ether ( ETH ) per stabilire nuovi massimi storici poiché i token di scambio centralizzati e decentralizzati hanno subito forti breakout.

Binance Coin ( BNB ) ha continuato a beneficiare della crescente influenza di Binance Smart Chain (BSC) poiché l’aumento del volume ha portato il token a un nuovo massimo di $ 348,72.

Questo rally parabolico ha assicurato a BNB il terzo posto in classifica per capitalizzazione di mercato dietro Bitcoin ed Ether.

I progetti relativi alla DeFi come PancakeSwap (CAKE) e Venus (VXS) sono due delle principali attrazioni del BSC ed entrambi hanno raggiunto nuovi massimi rispettivamente a $ 20,62 e $ 101,50. REN ha anche fatto scalpore dopo che la sua recente integrazione con BSC ha contribuito a portare il token a un livello record a $ 1,69.

I mercati tradizionali chiudono la settimana in modo misto

Dopo una settimana di nuovi massimi per i principali indici, venerdì i mercati tradizionali hanno chiuso la settimana in modo contrastante mentre l’economia statunitense deve affrontare le continue ricadute della pandemia e l’aumento della disoccupazione.

Il NASDAQ ha chiuso la giornata in rialzo dello 0,07% mentre il Dow è rimasto invariato. Lo S&P 500 è sceso dello 0,19%.

Bitcoin price back in rally mode: Grayscale buys new supply empty

Bitcoin only came under selling pressure for a short time.

Institutional investors are fueling the rally again with their capital inflows

Just in time for the weekend, the Bitcoin exchange rate (BTC) has shifted into forward gear and climbed with a daily gain of 3.7 percent to currently 32,440 US dollars. Since the price slide below the 30,000 mark on Wednesday, follow-up purchases have gradually been preparing the way back to the next higher ten thousand mark. A 24-hour fluctuation range of around 3,500 US dollars shows that trade is clearly picking up speed again.

The fact that the market is soaking up with liquidity again after intermittent distortions can be seen in the recent rapid increase in market capitalization. The total value of all Bitcoin was able to break the 600 billion US dollar mark again in yesterday’s trading. At press time, Bitcoin market capitalization climbs to $ 610 billion.

Bitcoin market capitalization

Grayscale clearly stands out among all the institutional investors who are proving to be the main engine of the Bitcoin rally. The asset manager already holds 3 percent of the total amount of Bitcoin in circulation and ensures a constant purchase of large amounts of BTC with constant purchases in the Bitcoin Trust.

According to Rafael Schultze-Kraft, CEO of the on-chain data platform Glassnode, these already exceed the supply newly generated by miners. While miners have „mined“ 26,000 Bitcoin so far in 2021, Grayscale’s spending already amounts to over 40,000 BTC. Or in the words of Rafael Schultze-Kraft: „That is who you are selling to if you are selling now“ .

Bitcoin y altcoins corrigen después de la crítica de Yellen sobre la ‚financiación ilícita‘.

Los comentarios críticos de Janet Yellen acerca de las criptodivisas pusieron un freno al mercado en general, justo cuando el precio del etéreo alcanzó un nuevo máximo histórico.

El martes, el éter (ETH) sufrió una ruptura alcista que impulsó el precio a un nuevo máximo histórico de 1.428 dólares.

Si bien el movimiento puede haber sido técnico, los fundamentos del Etheruem continúan mejorando ya que menos de un mes después del lanzamiento hay ahora 3.800 millones de dólares de ETH bloqueados en la cadena de bloqueo del Eth2.

El rápido aumento de los precios ha atraído claramente la atención de los operadores profesionales, pero el analista de Cointelegraph Marcel Pechman advierte que la subida de Ether a un nuevo máximo también fue acompañada por un gran aumento de las posiciones cortas.

La ruptura del éter a un nuevo máximo tuvo poco efecto en el precio de Bitcoin y parece que los comentarios críticos de la ex presidenta de la Reserva Federal de los Estados Unidos, Janet Yellen, tuvieron un impacto negativo en el mercado en general hoy en día.

Yellen, que ha sido nominada como Secretaria del Tesoro del Presidente electo Biden, dijo que las criptodivisas se están utilizando „principalmente para la financiación ilícita“. Emitió los comentarios durante una audiencia con el Comité Sentate de Finanzas y también abogó por un importante estímulo fiscal diciendo al Congreso que „actuara a lo grande“ cuando se trata de ayudar a la enferma economía de los Estados Unidos.

Las instituciones siguen siendo alentadoras

A pesar de la ligera corrección de hoy, los inversores institucionales siguen siendo optimistas en cuanto a las perspectivas a largo plazo de Bitcoin Superstar. Una reciente proyección del fondo de cobertura Vailshire Capital Management llamó a una „ruptura inminente“ y PlanB, el creador del popular modelo Stock-to-Flow, ha predicho que el precio de Bitcoin podría cerrar el mes cerca de 48.000 dólares.

A diferencia del mercado criptográfico, los mercados tradicionales terminaron el día con fuerza, ya que la llamada de Yellen para un estímulo económico adicional es vista como positiva por Wall Street. El S&P 500, el Dow y el NASDAQ terminaron el día con fuerza tras los comentarios de Yellen, cerrando con un 0,81%, 0,38% y 1,5% respectivamente.

A pesar de la opinión negativa expresada por Yellen, los desarrollos positivos de varios proyectos de cadenas de bloques ayudaron a impulsar los precios de los altcoin selectos más altos.

El precio de Enjin (ENJ) subió un 71% después de que el proyecto fuera autorizado legalmente para el comercio por la Asociación de Intercambio de Moneda Virtual Japonesa (JVCEA). Aparte del éter (ETH), la moneda con mejor rendimiento de las últimas 24 horas fue el Bitcoin Cash (BCH), con un aumento del 7,46% y un precio de 546 dólares.

La capitalización del mercado de criptodivisas en general se sitúa ahora en 1,046 billones de dólares y la tasa de dominio de Bitcoin es del 65%.

Cryptocurrencies: Topic at the World Economic Forum in Davos

The topic of „Resetting digital currencies“ will be discussed in two sessions in Davos.

The planned agenda of the World Economic Forum in Davos includes two separate sessions on the topic of cryptocurrencies. This is another compelling sign that digital assets are mainstream consciousness.

The sessions entitled Resetting Digital Currencies place on Monday and Thursday instead

Five speakers will appear in the first session, including Bank of England Governor Andrew Bailey and Hikmet Ersek, President and CEO of Western Union.

Thursday’s group includes four speakers, including Tharman Shanmugaratnam, a senior minister in the Singapore government, and Zhu Min, chairman of the Beijing National Institute of Financial Research.

„COVID-19 has accelerated the long-term move away from cash,“ the prospectus reads for both meetings. „In the meantime, central bank digital currencies are emerging that may change the way people handle money around the world.“

It also says:

„What strategies, practices and partnerships are needed to take advantage of the opportunities presented by the rise of digital currencies?“

The five-day summit will be held in Davos, attended by some of the world’s leading figures from the financial sector and governments. The crypto currencies fall under the summit theme „fair economies“. Further topics are „Tech for Good“, „How to Save the Planet“ and „Healthy Futures“.

The World Economic Forum is trying to make blockchain technology and cryptocurrencies easier to understand. The Geneva-based organization even set up a cryptocurrency working group that released its first report just last month . This deals with the various use cases for digital assets „beyond price and speculation“.

The forum’s research has identified blockchain technology as a key driver for „sustainable digital finance“ . Blockchain and smart contracts, the researchers argue, can release „hidden values from digital legacy systems“.

Central Bank Digital Currencies ( CBDCs ) are an area of research that the forum has been studying for the past 18 months. In January 2020, the organization announced that it had developed a framework to help banks „evaluate, design and potentially deploy CBDCs.“ The framework was developed in collaboration with over 40 central banks, financial institutions and academic researchers.

Newsweek also reports positively on Bitcoin

mainstream arrived – Newsweek also reports positively on Bitcoin

The well-known weekly magazine gives the cryptocurrency a positive review in its current issue.

Newsweek, one of America’s most influential weekly magazines, has spoken positively about Bitcoin (BTC) in a new article, discussing whether the market-leading cryptocurrency could possibly usher in the new gold standard.

Wednesday’s article reviews the thesis of Bitcoin as digital gold, citing a calculation model from investment bank JPMorgan that issues a price target of up to US$146,000. Although the article does not provide any new Bitcoin Rush information for long-time crypto fans, it is at least a confirmation that the perception of Bitcoin in the mass media and among the general public has now turned significantly to the positive.

„Everything that glitters is not gold, but perhaps Bitcoin,“ as author Scott Reeves writes in his article. To that effect, he adds, „In the long run, it could be even more valuable.“

This, then, is the picture that Newsweek’s readership, numbering in the millions, is getting. Many readers are probably coming into contact with the cryptocurrency for the first time, which makes this positive first impression all the more important.

Earlier this week, Bitcoin was already on the front page of the Financial Times, ironically enough exactly on the twelfth „birthday“ of the first Bitcoin block, which also illustrates that the public is no longer ignoring the cryptocurrency.

Perhaps also for this reason, more and more investors are flocking to the market, which can be seen in the fact that the number of new wallet addresses has abruptly gone up.

Sonny Singh, the COO of BitPay, agrees with this assessment

Crypto podcaster Peter McCormack reckons these investors have long-term intentions, and are likely to want to invest for the next three to five years. Sonny Singh, the COO of BitPay, agrees with this assessment, but fears that a further upswing in Bitcoin could lead to some institutional investors booking out partial profits, causing a reversal.

The development of Google search queries for Bitcoin indicates that more and more private investors are probably getting „gateway panic“ (FOMO), which could further fuel the price, at least in the short term.

Bitcoin price explodes again and is unstoppable

Once again, the Bitcoin price has shown its best side.

But will the price continue to rise? Many investors are looking for cheap entry points to either invest for the long term or catch a few percent quickly. This analysis will take a closer look at the important support zones for the different time units on a weekly, daily and 4-hour basis.

With volume to the high

After the break of the old All Time High of 2017, two very strong weekly candles followed. Almost daily there are new all time highs for the Bitcoin price. Most recently on December 27 at the mark of just under $28,400 on Binance, the world’s largest crypto exchange. Lots of volume means lots of trading. This has been the case over the last two weeks.

The relatively long upper wick of the last weekly candle suggests that there is a resistance zone there. Profits were taken in this zone and long positions were reduced or closed. This is more evident in the daily and 4-hour time frame.

If you look at the Relative Strength Index (RSI, at the bottom of the picture), an indicator that shows buying power, you can see that the Bitcoin price is in the extremely expensive zone. Traders see this as a warning signal for a possible upcoming correction or an incipient sideways phase. The Weekly and Monthly key levels below the Bitcoin price serve as potential support. The zone of $19,300 and $19,900 is seen as Major Support for the time being.

Bitcoin Price

Bitcoin price bullish in the Daily chart too!

The bullish structure of the weekly chart continues unbroken in the daily. Higher highs and higher lows are being set. The last sideways phase between the two Daily key levels is now considered the first support should the price make a price correction. The next support zone, as in the Weekly, is between $19,300 and $19,900.

A change in the longer-term market structure will only become interesting if the Bitcoin price should fall below the two support zones mentioned above. Everything above that continues to be bullish in the long term. Smaller setbacks are immediately bought back and the RSI shows an unbroken high buying power.

Already in this report, we referred to the upcoming trading volume should bears or bulls prevail at the resistance of the old All Time High of 2017.

Bitcoin Price

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To make decisions for long-term investments, the 4-hour chart is not suitable, but all the more to trade short price rises or falls. Thus, it would have been possible to take the breakout from the range of the two daily key levels. This breakout range is now considered a strong support for trades in the short time frame. The two upper 4-hour key levels should be noted. If the Bitcoin price breaks out of this range, it is possible to trade the movement in one direction or the other.

Cardano Schöpfer sagt XRP ist nicht eine Sicherheit

Cardano Schöpfer sagt XRP ist nicht eine Sicherheit, aber seine Verteilung kann problematisch sein

Cardano Schöpfer Charles Hoskinson wiegt in auf der US Securities and Exchange Commission (SEC) Fall gegen Ripple und die Behauptung der Agentur, dass XRP ist ein unregistriertes Wertpapier.

In einer Reihe von Frag-mich-alles (AMA) Videos, Hoskinson sagt Teil des Problems mit der Regulierung von Krypto-Assets ist, dass Token sind dynamisch und schwer zu kategorisieren.

„Das Problem mit Kryptowährungen ist, dass sie alles und nichts tun. An manchen Tagen sehen sie aus wie Wertpapiere, an manchen Tagen sehen sie aus wie Rohstoffe, an manchen Tagen sehen sie aus wie Währungen und an manchen Tagen sehen sie aus wie etwas ganz anderes. In vielerlei Hinsicht sind Kryptowährungen bei Bitcoin Revival die Stammzellen der Finanzwelt. Eine Stammzelle ist wie eine Superzelle, und im Grunde kann sie zu einer Herzzelle oder einer Gehirnzelle oder so weiter werden. Und die Regulierung ist ein wenig schwierig, weil die Regulierungsbehörden meistens Eimer mögen. Also sehen sie keine Stammzellen, sie sehen die Herzzellen und die Gehirnzellen und dann gibt es Regulierungsbehörden, die mit diesem System verbunden sind.“

An diesem Punkt in der achtjährigen Geschichte von XRP sagt Hoskinson, dass er nicht glaubt, dass es ein Wertpapier ist, obwohl der Status in den frühen Tagen anders gewesen sein könnte.

„In meinen früheren Aussagen habe ich gesagt, dass ich nicht glaube, dass XRP ein Wertpapier ist, und ich denke, in seiner aktuellen Form, seiner aktuellen Verwendung und dem Grad der Dezentralisierung des Ökosystems ist das sicherlich richtig. War Ripple zu irgendeinem Zeitpunkt in seinem Leben ein Wertpapier? Ich bin sicher, dass ein faires Argument gemacht werden könnte.“

Hoskinson sagt, er bezweifelt, dass die Art und Weise, wie das digitale Asset verteilt wurde, ein Problem ist.

„Ich glaube, dass XRP kein Wertpapier ist, zumindest nicht im allgemeinen Sinne, und ich gehe zurück zu diesem Stammzellen-Argument. Es gibt sicherlich ein sicherheitsähnliches Verhalten und es ist mir zutiefst rätselhaft, warum zum Beispiel im Zeitalter von Smart Contracts ein reales Unternehmen für die Verteilung eines Tokens verantwortlich sein sollte. Das macht keinen Sinn. Das muss man nicht machen, wenn man ein bereits existierendes, funktionierendes Netzwerk hat. Das allein ist also problematisch, vor allem, wenn es einen Ermessensspielraum bei der verwahrenden Firma gibt, das auszugeben.“

Hoskinson sagt, dass dieser Fall grundlegend anders ist als die Aktionen der SEC gegen Block.one, den Schöpfer der Kryptowährung EOS

„Bei EOS hatte die SEC ein Fluchtventil, bei dem sie sagte: ‚Wir werden uns auf den ERC20-Token konzentrieren, den Dan [Larimer] und das Unternehmen verkauft haben, und wir werden eine Position einnehmen, dass das sicherlich ein Wertpapier war.‘ Dann bestrafen sie sie für das. Aber was sie nicht getan haben, ist die Verbindung dieses ERC20-Tokens mit EOS in der heutigen Verteilung. Also sagten sie: ‚Vielleicht ist das eine Sicherheit, vielleicht ist es keine Sicherheit, wir werden nicht darüber reden. Wir werden nicht einmal darüber nachdenken.‘ Im Grunde konnten so beide Seiten ihr Gesicht wahren. Die SEC bekam eine gute Vollstreckungsmaßnahme. Sie waren in der Lage, eine Strafe von 24 Millionen Dollar zu bekommen. Block.one hat das gerne gezahlt und die schlafenden Hunde sozusagen ruhen lassen, so dass sie mit ihrem Leben weitermachen und ihr Netzwerk weiter betreiben konnten.

Das Problem bei dieser Vollstreckungsmaßnahme ist, dass es keinen Ausweg mehr gibt. Die Position der SEC ist, dass XRP war ein Wertpapier im Jahr 2012 und es bleibt ein Wertpapier heute, acht Jahre später. Also was bedeutet das letztendlich? Es bedeutet, dass all das Verhalten, das sie getan haben, den Wertpapiergesetzen und der Offenlegung unterliegen würde, Insiderhandelsvorschriften, all diese Arten von Dingen. Und sie werden diese Punkte entsprechend verbinden.“

Unabhängig vom Ergebnis sagt Hoskinson, dass er nicht glaubt, dass es einen Domino-Effekt auf die Krypto-Industrie im Allgemeinen geben wird, wenn XRP letztendlich zu einem Wertpapier erklärt wird.

„Ich glaube nicht für einen moment, dass zum Beispiel, wenn Ripple geht nach unten und XRP brennt in Feuer, dass irgendwie die ganze Industrie wird auseinander fallen und alles wird eine Sicherheit, Ethereum und auf nach unten. Das wird einfach nicht passieren. Ich glaube nicht, dass auf allen.

Ich denke, offen gesagt, der große Kampf, der im Jahr 2021 stattfinden wird, wird der Proof-of-Stake-Kampf sein. Macht Proof-of-Stake eine Kryptowährung zu einem Wertpapier oder nicht? Ich glaube, die Antwort ist nein. Wie auch immer, dies wurde nie gerichtlich geklärt. Genauso wie der Proof-of-Burn als Verteilungsmechanismus nie gerichtlich geklärt wurde. Es ist eine dieser offenen Fragen im Bereich der Kryptowährungen. Ethereum wird auch diese Konversation erzwingen, ähnlich wie Libra die Konversation für Stablecoins erzwang und sie in den Vordergrund brachte. Was also mit XRP passieren wird, ist, wenn sie gewinnen, die Ripple-Leute gewinnen, würde es wahrscheinlich viel schwieriger machen, eine Kryptowährung einfach pauschal ein Wertpapier zu nennen.“

Government of Minas can use blockchain in solar energy project

Cryptomotic and solar energy companies in Minas Gerais study partnership for blockchain use and possibly tokenization of energy assets

The Minas Gerais State Government would be studying the use of blockchain and even tokenization to leverage the state’s energy potential.

According to information obtained by the Cointelegraph recently entrepreneurs in the cryptoactive sector were with representatives of the state visiting several solar power plants.

The talks would still be at an early stage but the proposal is to leverage the state’s photovoltaic production with blockchain and, possibly, with the endorsement of regulators such as the Securities Commission, CVM, the tokenization of energy assets.

The idea is to elaborate a development proposal and ‚fit‘ within the project Projeto Sol de Minas is part of the strategic planning of the Government of Minas Gerais, whose main objective is to leverage the state’s role in the photovoltaic energy sector.

Therefore, the initiative aims to diversify the energy matrix by increasing photovoltaic power generation projects together with the deployment of companies supplying goods and services for this sector.

„There is still nothing closed but there is the intention of both parties to promote the development of solar energy generation and distribution in the region. It will be necessary to align the objectives and the business model, but there is a very great potential for the State to ‚unite‘ blockchain technology,“ said one of the sources who attended the meeting.

Energy Marketplace with blockchain

An unprecedented partnership between ANEEL, CPQD and Copel Distribuição, announced in 2019, has been developing a system for buying and selling energy in Brazil using blockchain technology.

The objective is to create a new virtual environment for the direct commercialization of electric energy between consumers and prosumers (who produce their own energy), in the environment of distributed generation (GD).

The project is conducted by Copel Distribuição, an energy concessionaire that operates mainly in the state of Paraná, for which CPQD is developing a solution based on Blockchain to enable the implementation of a decentralized marketplace for transactions of this type.

Started in August 2019, the project has resources from the research and development program regulated by the National Electrical Energy Agency (ANEEL) and is scheduled to last 21 months

The use of Blockchain technology will allow the commercialization of electric energy in the marketplace in a safe, fast and without intermediaries, between consumers and prosumers (residential, commercial, industrial, etc.) that are not known.

„This is a new commercial relationship that disruptive technologies like Blockchain make possible. In this case, the prosumers have more economically attractive options to remunerate the excess of energy injected in the distribution system, which tends to drive the expansion of GD“, explains Frank Toshioka, project manager for Copel Distribuição.

Euro Stablecoin (EURB) on Stellar: Attack on Tether and Co?

The German Bank von der Heydt (BVDH) has issued its own Euro Stablecoin based on the Stellar network. The stablecoin runs under the abbreviation EURB and, according to the bank, is the first EUR stablecoin in the euro zone to be issued by a bank. Accordingly, the digital euro was created in cooperation with Bitcoin Revolution and Stellar.

In this article, we’ll look at the properties and why banks don’t use well-known stablecoins like Tether (USDT).

Euro Stablecoin (EURB) based on Stellar

Officially, there is now a digital euro in the euro zone, which is listed as a euro stablecoin (EURB).

The issuer is the German bank von der Heydt. The EURB is fully regulated and 100% covered by euros. However, due to regulatory requirements and strict KYC requirements, the stablecoin cannot be publicly traded.

Customers have the following options to purchase the EURB:

A transfer of fiat money must be made to a BVDH escrow account. As soon as the money lands from the secure escrow, the corresponding amount of EURB is sent to the customer.

However, concepts such as decentralization or privacy were not taken into account in the solution. The technical platform for processing EURB transactions was developed by Bitbond. Accordingly, the client, namely Bank von der Heydt, has complete control over elementary properties of the token.

This includes all mechanisms related to “burning and minting”.

Cross-border payments with EURB

Bank von der Heydt is a German bank that has existed since 1754 and primarily looks after institutional customers.

There has been a collaboration with Stellar and Bitbond for more than a year. The aim of the collaboration is to research possible applications based on DLT technology.

Philipp Doppelhammer represents the BVDH and said that the Euro Stablecoin should primarily be used for cross-border payments. The bank’s motivation arose from the non-existent existence of a euro stablecoin, which was actually issued by a „trustworthy“ institution such as a bank.

Banks wouldn’t use a stablecoin like Tether or USDC. The counterparty risks and potential problems with the regulators are too high. Both banks and institutional investors prefer trustworthy stablecoins.

Let us note that Bank von der Heydt was the first European bank to issue a euro stablecoin. This is used for cross-border payments and should primarily be accessible to banks and institutions. The EURB is 100% covered by euros and is not publicly tradable.