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by
Dalmas Ngetich
on
December 10, 2020 Altcoins
Bankhaus von der Heydt (BVDH), a 266-year-old German bank, is now issuing the first-of-the-kind Euro stablecoin on the Stellar blockchain in partnership with Bitbond, a
A BVDH Euro Stablecoin on the Stellar Blockchain
The exchange won’t be tradable at crypto exchanges since KYC is required. However, it stands to boost businesses seeking to work with legitimate banks complying with the government’s laid down rules.
Bitbond will handle the tokenization and custody part as they are expert providers on that end. In their collaboration, the bank will now directly issue the Euro stablecoin on the scalable, finance-focused the Stellar blockchain.