Bankhaus von der Heydt and Bitbond launched EURB, the first euro stablecoin issued directly by a European banking institution on Stellar. The 1:1 EUR-backed asset provides a new on/off-ramp for the network and enables regulated digital asset settlement.
Bankhaus von der Heydt, a German bank operating since 1754, partnered with Bitbond to issue EURB, a euro stablecoin on Stellar. EURB is the first stablecoin issued directly by a banking institution on Stellar and among the first bank-issued stablecoins in the crypto market. The asset is fully backed 1:1 by EUR and enables BVDH's customers and third-party developers to settle digital asset transfers on-chain. Bitbond integrated the stablecoin into its platform for securitization with minting and burning mechanisms. The launch adds a regulated EUR on/off-ramp to Stellar and is already being adopted by applications including SatoshiPay's DTransfer for cross-border payments.
