German startup Unstoppable Finance is revolutionizing decentralized finance (DeFi) with the launch of Europe’s first fully regulated DeFi-Bank and its own Stablecoin. The company aims to transform traditional banking by leveraging blockchain technology.
Pioneering DeFi in Europe
Unstoppable Finance, based in Berlin, has been at the forefront of driving the mass adoption of decentralized finance. Building on their success with the Ultimate wallet, the company has taken a significant leap forward by applying for regulatory approval under the MiCA regulation to operate as a fully-fledged bank. The application has been submitted to the German regulator, and discussions are underway with other European jurisdictions.
Introducing a Euro-Backed Stablecoin
In addition to becoming a regulated DeFi-Bank, Unstoppable Finance will issue its own Stablecoin.
Unlike other stablecoins in the market, this coin will be backed 100% by the euro.
The aim is to establish a strong competitor to industry giants like Tether and Circle, who have their own stablecoins pegged to the euro but with lower trading volumes compared to their dollar counterparts.
Driving Mass Adoption of DeFi
Unstoppable Finance is on a mission to make DeFi accessible to the masses. In their press release, the company emphasized the need to reinvent banking from the ground up. They believe that blockchain technology plays a crucial role in reshaping the financial system, especially with the programmability and transparency offered by stablecoins.
Harnessing the Potential of Stablecoins
With stablecoins, money becomes programmable and transactions can be executed rapidly and transparently around the clock. Unstoppable Finance recognizes the transformative power of this innovation and aims to leverage it to reshape the traditional financial landscape.
Embracing Innovation for a New Financial Era
As Unstoppable Finance launches Europe’s first regulated DeFi-Bank and introduces a euro-backed Stablecoin, it paves the way for a new era in finance. By embracing blockchain technology and making DeFi more accessible, the company is driving the evolution of the financial industry towards a decentralized and inclusive future.
Through their innovative approach, Unstoppable Finance aims to revolutionize banking and empower individuals with greater control over their financial transactions and investments.