Banks going in stable coins news its starting now

[cryptoboss2020]

Also the banks see that USDT not so trusted*
So they like stable coins but regulated ones*


Source: https://www.nasdaq.com/articles/one-of-the-worlds-oldest-banks-is-issuing-a-euro-stablecoin-on-stellar-2020-12-09


But no info about air drop?
Are the stellar holders getting free coins or What's the deal?

[Oshosondy]

This is just tokenization of a stable coin not an airdrop, it is not even an hard fork, which means you should not expect any free money in such. What will only happen is that the stable coin will be build on stallar blockchain. Which means that the stable coin will make use of stellar blockchain ledger for storing, making transactions and address generation.

[cryptoboss2020]

This is just tokenization of a stable coin not an airdrop, it is not even an hard fork, which means you should not expect any free money in such. What will only happen is that the stable coin will be build on stallar blockchain. Which means that the stable coin will make use of stellar blockchain ledger for storing, making transactions and address generation.

Lol then its pointless project!!
I Thought its hard fork or air drop they can use it themselfes this then nobody dont want if no ways of making profit out of it

[nemey]

After the emergence of USDT, many started to issue stable coins. For example, a project that is currently famous, namely Digital Yuan from China. If this project is a success, I think other banks will copy to quickly make their coins stable and trade on the crypto market. For information about airdrops with stable coins from stellar, I am not there yet.

[Argoo]

After the emergence of USDT, many started to issue stable coins. For example, a project that is currently famous, namely Digital Yuan from China. If this project is a success, I think other banks will copy to quickly make their coins stable and trade on the crypto market. For information about airdrops with stable coins from stellar, I am not there yet.

States will independently create their own national stablecoins of the central banks or ask for the help of relevant specialists from other countries.  At the same time, it makes no sense for them to apply a system of borrowing funds, such as ICO, IEO and others.  This will be purely the work of the relevant government bodies of governments.  Therefore, there will be no forks or free coins.  Governments can only give out stablecoins when testing their stablecoins for free so that citizens can connect to testing, as was the case recently in China.

[mindrust]

Also the banks see that USDT not so trusted*
So they like stable coins but regulated ones*


Source: https://www.nasdaq.com/articles/one-of-the-worlds-oldest-banks-is-issuing-a-euro-stablecoin-on-stellar-2020-12-09


But no info about air drop?
Are the stellar holders getting free coins or What's the deal?

“Banks normally wouldn’t feel comfortable using [stablecoins] like tether or USDC, due to the potential counterparty risk that is behind them. They prefer to work with stablecoins issued by banks, and the same is true for institutional investors.”

https://www.nasdaq.com/articles/one-of-the-worlds-oldest-banks-is-issuing-a-euro-stablecoin-on-stellar-2020-12-09

And who trusts banks? This is comedy gold but it is also crypto's future sadly.

USDt or stable currencies issued by banks, both are the same thing in different colors. Brown shit vs Black shit.

[crwth]

Regular regulation and audit of coins are definitely one reason banks are into those kinds of coins. No matter what you do, the actions of the developers and the owners are monitored and controlled. Compared to USDT in which has a scandal about it not being backed 1:1 with USD. So it's going to be the other stable that's very regulated. They probably want assurance with that and become stable with it. Maybe banks also want to have a piece of the pie for crypto but only trust those regulated. We will never know the intention unless they are already there and broadcasted.

[Teraboy]

Also the banks see that USDT not so trusted*
So they like stable coins but regulated ones*


Source: https://www.nasdaq.com/articles/one-of-the-worlds-oldest-banks-is-issuing-a-euro-stablecoin-on-stellar-2020-12-09


But no info about air drop?
Are the stellar holders getting free coins or What's the deal?

I don't think that the stellar holders will get airdrop from there. The stellar holders will get nothing from the and the bank will be issuing their stable coin based on the 1 by 1 ration with the fiat money that used to backed the stable coin. You should not expect to get free money from there.
The bank will never give you free money dude. Will more money to to the crypto? we will see that.

[bits4books]

However, banks are not switching to stable coins in the understanding of the crypto community banks are simply using existing technologies to improve the quality, speed and number of transactions without the need for continuous scaling of existing services.
Banks don't "make cryptocurrency" - banks just take what works from technology. Two different things that you quite often confuse, if you look closely.

[el kaka22]

They will probably make some stablecoins that is based on government or a big company and at that point they will be capable of going into crypto a lot easier as well. Think of USDT being backed by the USA government, there would be a lot more trust to it wouldn't it?

Even though we hate the fiat version of USD because it is backed by the government, we could let them control a stablecoin because that is not a must and optional thing and they could ruin it or print as much of it as they want, and in the end as long as people want to use it, they can, and if they do not want to use it they can ignore it. I do not use USDT for example that much, it is an option for me, USD is not like that, people have to use it in USA because that is the only option available in the fiat world.

[Dragonfund]

Also the banks see that USDT not so trusted*
So they like stable coins but regulated ones*


Source: https://www.nasdaq.com/articles/one-of-the-worlds-oldest-banks-is-issuing-a-euro-stablecoin-on-stellar-2020-12-09


But no info about air drop?
Are the stellar holders getting free coins or What's the deal?

I wanted to say it's a bullshit but do you know that whatever has added advantage also has disadvantages. Now suppose this stable coins that are regulated by central Banks are been minted on blockchain network ( if they plan on using one for transparency ), it will heavily expose lot's of government secrets and how large amount of money accrued to project by government 0f a certain country.
Let's imagine, a money disbursed to state governments by the federal reserve to complete a project and then due to corruption, they siphon the money into another thing, investigating such move will be easier, this is why I think government will not allow banks to roll out stble usd. 

[tabas]

Also the banks see that USDT not so trusted*
So they like stable coins but regulated ones*

They're more secure with the regulated stable coins because they are with the government. You can't expect decentralization coming from a bank unless they launch a service that's ok with decentralization but it's like a trading desk.
Not solely as a savings option for their customers who would like to expand into cryptocurrencies with assurance of safety from a bank.

[poodle63]

The bank ain't santa claus so I guess they're not gonna give any airdrop. This is just a bank trying to test whether stablecoin is viable option or not by instead of building their own blockchain they instead uses the already existing ones which is stellar sort of USDT and if it's viable then I guess they gonna proceed with seriously investing into creating stablecoin but that's just my 2 cents.

[bits4books]

Also the banks see that USDT not so trusted*
So they like stable coins but regulated ones*

They're more secure with the regulated stable coins because they are with the government. You can't expect decentralization coming from a bank unless they launch a service that's ok with decentralization but it's like a trading desk.
Not solely as a savings option for their customers who would like to expand into cryptocurrencies with assurance of safety from a bank.

The funny thing is that the" security guarantees " from the Bank are often associated with the fact that these same guarantees are provided by the state rather than by the Bank's good will.
And here we come to a very good question, which is better: legislative security or anonymity and the ability to hide from laws and govs.
I see it so that in the future, as a result, everyone will be happy to switch to the first option because they will get tired of playing these crypto games. Yes, there will be enthusiasts who will continue to use the same BTC and others, but it seems to me that this will be the sunset of history, but not a new monetary Renaissance.

[verita1]

When we read news like these, it seems that they are decisions made recently but it is not. BVDH has been focused on digital assets for a couple of years and chose the Stellar network to create its own e-currency that will work in the following way:

A fiat currency transfer is held at an escrow account at BVDH, which then triggers the issuance of the stablecoin, Weniger explained. Stringent regulatory and know-your-customer (KYC) requirements mean the stablecoin will not be openly traded on exchanges.

IMO is positive news for crypto and it seeks to improve banking services in that country. Digital technology is coming to make life more efficient.

[shoreno]

did they say they are going to airdrop ? if yes then check thier schedule but if they didnt said any then dont expect anymore . there are new created coins with airdrops and bounty on them to promote thier coin but not all newly created coins conducts this . 

free coin distributions for specific coin hodlers do also occur when there is a forking of a coin on that current coin you hodl but again they will announce it first if ever there are  .

[MoreStamps.Global]

Banks are under fear of value that cryptocurrencies provide. They just don't want to left behind and that's why they want to be cool by creating stable coins on top of existing blockchains. That is my opinion!

[masterzino]

BVDH are making tokenization; they will not issue/create any real coin. It's normal not to use USDT... they want euro paired token.

And how can you expect 'free coins' or airdrop from a real-world bank? To write in the annual report - we decided to be a modern Robin Hood - to take from you and gives to the poor

[kaya11]

I guess we would see something only the banks could do at this moments, good start though, but I don't want for them the idea of airdropping coins, it is better to use it for bounty or something else that would extend it's adoption. I bet they would do well if they manage to get their existing consumers to use the coin.

[tabas]

Also the banks see that USDT not so trusted*
So they like stable coins but regulated ones*

They're more secure with the regulated stable coins because they are with the government. You can't expect decentralization coming from a bank unless they launch a service that's ok with decentralization but it's like a trading desk.
Not solely as a savings option for their customers who would like to expand into cryptocurrencies with assurance of safety from a bank.

The funny thing is that the" security guarantees " from the Bank are often associated with the fact that these same guarantees are provided by the state rather than by the Bank's good will.
And here we come to a very good question, which is better: legislative security or anonymity and the ability to hide from laws and govs.
I see it so that in the future, as a result, everyone will be happy to switch to the first option because they will get tired of playing these crypto games. Yes, there will be enthusiasts who will continue to use the same BTC and others, but it seems to me that this will be the sunset of history, but not a new monetary Renaissance.

We will never know what's with the future in terms of this matter. But it's just the stable coins that would be in their hands but talking about decentralization and assets that can't be handled by them, there will be us who would be staying on it.
The guarantee from the government seems to be secure for them but this all depends to your advocacy or what you believe or what you really prefer in these digital age and momentum of cryptocurrencies.