From E-Money to On-chain Euros
summary
Claims that a licensed euro stablecoin handled 54% of euro volume last year and that a new Layer‑1 on Cosmos ships this year with a hybrid collateral model set the stage. Arguments: e‑money rules force segregated reserves so stablecoins can be safer than single‑bank deposits; MiCA bans yield on issuers so wallets must auto‑swap into yield products; on‑chain liquidity is fragmented while US stablecoins exceed $300B market cap and Tether tops $180B, raising adoption and custody challenges.
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chapters (7)
- 0:00Introduction
- 3:13On-chain vs traditional euros
- 8:10On-chain euros over digital
- 16:42Stablecoin complexity
- 17:04Holding euros on-chain
- 21:02Who holds euro stablecoins
- 25:21Why euro stablecoins lag
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