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Articlewww.coindesk.comTanzeel Akhtar5y ago

SatoshiPay to Become First User of German Bank's Euro Stablecoin

SatoshiPay integrates Bankhaus von der Heydt's euro-backed stablecoin (EURB) into its cross-border payment service DTransfer. The EURB launched on Stellar via a partnership between the 270-year-old German bank and Bitbond, providing regulatory-compliant EUR transfers across the Single Euro Payments Area.

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SatoshiPay has become the first user of EURB, a euro-backed stablecoin launched on Stellar by Bankhaus von der Heydt in partnership with Bitbond. The stablecoin will be integrated into SatoshiPay's cross-border money transfer service DTransfer. Bankhaus von der Heydt, established in 1754, provides banking infrastructure and regulatory compliance, while Bitbond contributed to development and integration. The partnership enables stable on and off-ramps for EURB transactions with instant EUR-based bank transfers within the Single Euro Payments Area. Blue Star Capital, which holds a 27.7% stake in SatoshiPay, announced the deal, highlighting benefits for users seeking regulatory-compliant stablecoin payments.

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Bitbond
TokenizationInstitutionalSDK

Bitbond is a fintech platform that facilitates the issuance of tokenized securities and offers a Stellar-based token creation to…

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