technocritEuropean banks to launch euro stablecoin in bid to counter US dominance
Why? Is so dumb.
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.
BarbarianThis 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.
Exactly. Once a Digital Euro is live, most of crypto’s “use case” evaporates. Same speed and convenience, but with consumer protections, reversibility, and real institutional backing.👌