In a virtual meeting, cryptocurrency and blockchain experts will answer this big question. Is the crypto community interested in using a stablecoins linked to the euro with collateral in Bitcoin?
DeFi Lab, a Spanish-speaking community dedicated to the analysis of projects and information based on Decentralized Finance (DeFi), is the main person in charge of organizing the virtual round table that will bring together great experts from the crypto world. In addition, they will also be in charge RSK, the platform blockchain for the execution of smart contracts en Bitcoin y Money on Chain, an RSK-based solution to offer stablecoins with Bitcoin collateral. This virtual meeting will take place next July 29 at 19:00 p.m. Spain, and all those interested in participating in this great experience can do so for free; To do this you only have to fill out and send a brief form that seeks to know the opinion and interest of the crypto community on this important topic.
Participants in the roundtable
The main moderator of the virtual meeting will be Covadonga Fernandez, a renowned expert in the cryptographic ecosystem and also founder of the Blockchain Observatory. Likewise, during the meeting they will participate as panelists Leif ferreira, our CEO and co-founder of Bit2Me, the leading platform in Spain for the exchange of cryptocurrencies. Furthermore it will be Gabriela Chang, CSO of EthicHub, a financing platform for unbanked agricultural communities, Maximiliano Carjuzaa, co-founder of Money on Chain, Guillermo Abellan, co-founder of DeFi Lab y Arturo Monzón, co-author of the popular book “The Book of Satoshi".
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Existing stablecoins in the ecosystem
DeFi Lab points to USDT y DAI as the most important and used stablecoins today, the first being the stablecoin created by Tether in 2015, which is supported 1:1 against the US dollar. Likewise, DAI is a project created in 2017 at the hands of the company MakerDAO, One Decentralized Autonomous Organization (DAO) based on the blockchain Ethereum which allows its users and investors to receive profits through loans collateralized with cryptocurrencies and other assets. DAI is also backed 1:1 against the US dollar.
Euro-backed stablecoins
Likewise, DeFi Lab points out that there are other stablecoin projects that are linked to the euro, such as EURS, a coin launched by the company Lavender seeking to reduce the gap between decentralized finance and the conventional market, combining and taking advantage of the potential of cryptocurrencies and blockchain technology with the stability of current traditional markets. Although EURS is a stablecoin backed 1:1 with respect to the euro, this stablecoin has little adoption by investors and users. Therefore, the importance of knowing the opinion of the crypto community regarding the use and implementation of a stablecoin indexed to the euro with collateral in Bitcoin, which allows for an in-depth analysis of the general criteria that exists around this type of assets.
It is worth remembering that stablecoins were born as a viable alternative to cryptocurrencies, since they exploit the full potential of new technologies but without the volatility characteristic of cryptocurrencies, so they are stable coins with a value backed by real-world assets. ; a fact that has aroused the interest of investors around the world thanks to the security and stability that stablecoins offer in their value.
Continue reading: World Stablecoin Association (WSA), the global association for stablecoins established in Switzerland
