37 banks are joining forces to issue a coin
The Dutch central bank has granted Qivalis an EMI license. Backing it are 37 major European banks, including BBVA, BNP Paribas, and ING. They have one goal: to issue a euro stablecoin. The terms are refreshingly blunt: redeemable at par at any time, with not a cent of interest paid. Distribution must also go through banks and trading platforms, leaving retail investors to jump through two hoops just to get their hands on it.
The old-money crowd, which used to denounce crypto as a scam, is now minting coins of its own. They’ve finally figured out the seigniorage business that is stablecoins. This news brings no incremental buying to the market. Price is still grinding near the top of its range, and without volume, it’s the same old story of a failed breakout and pullback. And [blank] can only shake along with it. If you’re chasing the rally, first work out where your liquidation price is.
Would you really swap the euros you’re holding for this interest-free token, or do you think it can’t even catch a glimpse of USDT’s taillights?
$BTC $ETH $SOL
The Dutch central bank has granted Qivalis an EMI license. Backing it are 37 major European banks, including BBVA, BNP Paribas, and ING. They have one goal: to issue a euro stablecoin. The terms are refreshingly blunt: redeemable at par at any time, with not a cent of interest paid. Distribution must also go through banks and trading platforms, leaving retail investors to jump through two hoops just to get their hands on it.
The old-money crowd, which used to denounce crypto as a scam, is now minting coins of its own. They’ve finally figured out the seigniorage business that is stablecoins. This news brings no incremental buying to the market. Price is still grinding near the top of its range, and without volume, it’s the same old story of a failed breakout and pullback. And [blank] can only shake along with it. If you’re chasing the rally, first work out where your liquidation price is.
Would you really swap the euros you’re holding for this interest-free token, or do you think it can’t even catch a glimpse of USDT’s taillights?
$BTC $ETH $SOL