Société Générale’s useless euro stablecoin: when bank blockchain units go feral
amycastor.com
The first bank-issued stablecoin! If you stretch the word “first” and the word “stablecoin.”

let’s start the sub off with some ordure flinging. Amy and I write these every few days and I’ll be posting 'em here.

  • David Gerard@awful.systemsOPMEnglish
    2·
    11 months ago

    The usual reason is because you are too dodgy to be allowed to deal in actual dollars so you need Tether or similar.

    USDC does much the same job as “programmable money” for DeFi and is a bit more likely to be worth a solid $1.00 at least as long as everything’s fine at Circle.

    EURCV is too restricted even for that job. A zero-interest SocGen deposit account but on the blockchain!!