Bitbond and Bankhaus von der Heydt launched EURB, the first EUR stablecoin issued directly by a banking institution on Stellar. The 1:1 EUR-backed asset provides a new on/off-ramp for the network and enables regulated tokenized securitization.
Bitbond, a German tokenization platform, partnered with Bankhaus von der Heydt (BVDH), a 270-year-old European bank, to issue EURB, a EUR stablecoin on Stellar. EURB is the first stablecoin issued directly by a banking institution on Stellar and fully regulated with 1:1 EUR backing. The stablecoin enables BVDH to streamline its securitization business using blockchain technology and provides third-party developers with a regulated EUR on/off-ramp on Stellar. Initial use cases include SatoshiPay's DTransfer cross-border payment service. The Stellar Development Foundation facilitated the technical integration, and the asset is now live and integrated into Bitbond's platform for token minting and burning.