European banks to launch euro stablecoin in bid to counter US dominance

Comments

• themurphy@lemmy.ml ⁨1⁩ ⁨day⁩ ago

  It’s not that dumb. There’s a market for this, if you want it or not.

  And if you’re going to use crypto, it’s better they use a currency that’s not tied to the currency of an unstable country.

  Also, the EU is looking to make a digital Euro anyway, which will not be a crypto coin as you know it, but a way to take power away from VISA and Mastercard, which will save European countries for billions each year.

  source

  • FurryMemesAccount@lemmy.blahaj.zone ⁨23⁩ ⁨hours⁩ ago

    The digital euro is where it’s at! I can’t wait to give billions of dollars worth of middle fingers to American credit card companies.

    source

    • ideonek@piefed.social ⁨22⁩ ⁨hours⁩ ago

      Well, I against the idea, but now you got me thininiking.

      source

      • -> View More Comments
• cupcakezealot@piefed.blahaj.zone ⁨20⁩ ⁨hours⁩ ago

  can they launch it into the sun?

  source
• Evil_Shrubbery@thelemmy.club ⁨19⁩ ⁨hours⁩ ago

  Image

  source
• PattyMcB@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Why? Is so dumb.

  source

  • WanderingThoughts@europe.pub ⁨1⁩ ⁨day⁩ ago

    The market can stay irrational with various crypto currencies longer than you can stay solvent, so you fight irrationality with your own brand of irrationality.

    source

    • Barbarian@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

      This is even dumber when you consider we’re ~2 years away from the launch of the Digital Euro. As easy and fast to transfer as a cryptocoin with none of the drawbacks. No Blockchain nonsense, backed by banks, transactions can be cancelled and refunded just like any digital transaction, and standardized to all EU banks.

      source

      • -> View More Comments
• vermaterc@lemmy.ml ⁨22⁩ ⁨hours⁩ ago

  What is the use case of stable coins? Fast international money transfer? Or are there other I’m not aware of

  source

  • cupcakezealot@piefed.blahaj.zone ⁨20⁩ ⁨hours⁩ ago

    money laundering

    source

    • UnderpantsWeevil@lemmy.world ⁨19⁩ ⁨hours⁩ ago

      Hey, don’t forget legalized forgery.

      source
  • qaz@lemmy.world ⁨18⁩ ⁨hours⁩ ago

    “Fast” international money transfer without value fluctuations. AFAIK, it’s used to send money back overseas without fees and for online casinos.

    source
  • treadful@lemmy.zip ⁨13⁩ ⁨hours⁩ ago

    Money transfers, online payments for whatever, place to park your assets in volatile times in the market, integration into other on-chain investment systems, etc…

    source