In collaboration between DeFi Lab, RSK and Money on Chain, they are assessing interest in a stable euro-indexed cryptomoney with bitcoin collateral. A meeting will be held on Wednesday, July 29, at 7 p.m. (Madrid time). This was reported to Cointelegraph en Español from DeFi Lab in a statement.

„The meeting is co-organized by RSK, a company dedicated to building an ecosystem of smart contracts on Bitcoin; Money on Chain, a stable currency project linked to the dollar, supported by Bitcoin Investor and built on the RSK blockchain; and DeFi Lab, a Spanish-speaking community specializing in Decentralized Finance (DeFi),“ the statement said.

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Covadonga Fernandez, founder of the Blockchain Observatory, will moderate the event, while the panelists who will participate are Leif Ferreira, co-founder and CEO of Bit2Me, a leading exchange house in Spain; Gabriela Chang, CSO and co-founder of EthicHub, a crowdlending platform that connects small unbanked farming communities with investors; Maximiliano Carjuzaa, co-founder of Money on Chain, creator of MOC – USD stable currency; Arturo Monzón, co-author of „El libro de Satoshi“; and Guillermo Abellán, co-founder of DeFi Lab, a Spanish-speaking community specialized in decentralized finance or DeFi.

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Stablecoins varied
According to the organization, among the most important stablecoins are USDT and DAI. In that context, they detailed: „The first one was created by the company Tether in 2015, with a 1:1 parity with respect to the dollar. DAI was launched by MakerDao, a Decentralized Autonomous Organization in 2017. It also has a 1:1 parity with the dollar, but unlike USDT, it can be generated by its users through crypto-collateralized loans. But there are many more, such as USDC, GUSD, PAX or DOC.

They also clarified that there are already stablecoins backed by the euro, such as EURS, issued by the company Stasis, but indicated that it is hardly used, despite the fact that the American and European money supply is very similar.

„Thanks to the support of RSK and Money on Chain, the creators of the crypto stable currency to the dollar with Bitcoin collateral (the DOC), DeFi Lab is conducting research on the interest of the crypto community in a stable currency to the euro, this research is composed of different workshops and events to discuss this issue, publications to open debate in the community and a battery of forms to ask the community,“ they said.

Those interested in participating in this evaluation to see the interest in a crypt coin anchored to the euro with Bitcoin collateral, can enter a form and answer some questions.

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