{"id":33127,"date":"2020-12-10T09:53:28","date_gmt":"2020-12-10T07:53:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33127"},"modified":"2025-08-28T12:17:19","modified_gmt":"2025-08-28T09:17:19","slug":"one-of-europes-oldest-banks-issues-eurb-stablecoin-on-the-stellar-network","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/one-of-europes-oldest-banks-issues-eurb-stablecoin-on-the-stellar-network\/","title":{"rendered":"One of Europe\u2019s oldest banks issues EURB stablecoin on the Stellar network"},"content":{"rendered":"<p>The German bank Bankhaus von der Heydt (BVDH), which has been operating since 1754, in partnership with tokenization technology provider Bitbond, issued the euro-backed stablecoin EURB on the Stellar network.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">We\u2019re thrilled to announce that <a href=\"https:\/\/twitter.com\/Bitbond?ref_src=twsrc%5Etfw\">@Bitbond<\/a> and Bankhaus von der Heydt are now issuing Euro Stablecoin (EURB), the first stablecoin issued directly by a banking institution on Stellar.<\/p>\n<p>Learn more about Bitbond, Bankhaus von der Heydt, and EURB here:<a href=\"https:\/\/t.co\/zl4cfa7eH5\">https:\/\/t.co\/zl4cfa7eH5<\/a><\/p>\n<p>\u2014 Stellar (@StellarOrg) <a href=\"https:\/\/twitter.com\/StellarOrg\/status\/1336692405542776835?ref_src=twsrc%5Etfw\">December 9, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bankhaus von der Heydt concentrates mainly on serving institutional clients in securitization-related deals\u2014financing certain assets through the issuance of securities. In exploring ways to boost business efficiency with blockchain, the bank turned its attention to tokenization technology.<\/p>\n<p>According to the statement, EURB can be used by BVDH clients, as well as by third-party developers of financial applications for settlements of transfers of digital assets on the blockchain.<\/p>\n<p>Bitbond integrates the stablecoin into the platform built for the bank, which enables using EURB for securitization, including issuing and burning mechanisms.<\/p>\n<blockquote>\n<p>\u201cWe were attracted to Bitbond and Stellar because of the ease of issuing assets and managing them on the network,\u201d said Philipp Doppelhammer, managing director of BVDH.<\/p>\n<\/blockquote>\n<p>According to him, the first use case for EURB will be the token\u2019s integration into SatoshiPay\u2019s cross-border transfer service, DTransfer.<\/p>\n<p>As a reminder, the combined market capitalization of the world\u2019s five leading stablecoins has already <a href=\"https:\/\/forklog.com\/en\/news\/stablecoin-capitalization-tops-25-billion\">surpassed<\/a> $25 billion.<\/p>\n<p>Follow ForkLog on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 all the news stream, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The German bank Bankhaus von der Heydt (BVDH), which has operated since 1754, in partnership with tokenization technology provider Bitbond, issued the euro-backed stablecoin EURB on the Stellar network.<\/p>\n","protected":false},"author":1,"featured_media":33128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2056,1612,807,243],"class_list":["post-33127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitbond","tag-euro","tag-stablecoins","tag-stellar"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=33127"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33127\/revisions"}],"predecessor-version":[{"id":33129,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33127\/revisions\/33129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/33128"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=33127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=33127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=33127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}