HedgeUp (HDUP) Increases Holders From Shiba Inu (SHIB) With DeFi Ecosystem, Europe’s First DeFi Bank Appears
Perhaps the biggest news of the week is that Berlin-based fintech startup Unstoppable Finance has announced it will launch Europe’s first compliant “DeFi native bank”. The platform will come with a fiat-backed, euro-pegged stablecoin that complies with the European Union’s new Crypto Asset Market (MiCA) legislation.
In other news Hegdeup (HDUP) ‘s pre-sale attracted more Shiba Inu (SHIB) owners. Experts say this is due to the project’s strong ecosystem.
Unstoppable Finance launches Europe’s first ‘DeFi native bank’.
Just weeks after the European Parliament passed the groundbreaking Crypto Asset Market (MiCA) bill, Unstoppable Finance has launched the continent’s first compliant DeFi bank and a European pegged stablecoin following new guidelines. announced plans to raise
Stablecoins are legally classified as “e-money tokens”. The term refers to stablecoins that index the fiat currency that references their value.
Peter Groskopf, co-founder and CTO of Unstoppable Finance, told Decrypt that the startup’s DeFi banking arm will be 100% backed by a stablecoin reserve, as required by law. He said he would guarantee that he would.
He also referenced the liquidity crisis that hit several banks earlier this year and temporarily lifted the USDC peg. This is because Circle, the organization behind USDC, keeps some of its reserves in separate bank accounts, he said.
Grosskopf said the Unstoppable DeFi bank will deposit fiat reserves in European Central Bank (ECB) accounts. This avoids facing the same problem as Circle. He added that he also relied on fiat currency as the most stable form of currency available today.
It is unclear when the fintech company plans to launch a DeFi native bank. But a spokeswoman said it all depends on how quickly it can get all the necessary licenses.
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HedgeUp (HDUP) increases holders from Shiba Inu (SHIB) with Defi ecosystem
The DeFi space awaits the first MiCA compliant bank. Hegdeup (HDUP) continues to secure its position as one of the hottest projects on the market.
HedgeUp (HDUP) is running a pre-sale for its native token, HDUP. The highly successful pre-sale attracted investors from all over the world. And according to recent on-chain information, more Shiba Inu (SHIB) owners are moving to accumulate pre-sale tokens.
Cryptocurrency experts say the token is attractive to investors due to the utility afforded by its robust ecosystem. HDUP serves as the internal currency of HedgeUp’s investment ecosystem, which consists of a platform for investing in alternative assets, a decentralized autonomous organization (DAO) and an online education platform.
Hegdeup (HDUP) It will be the first Web3 marketplace for trading alternative asset classes. Here, users can buy and sell items such as gold, diamonds, paintings, and jewelry for as low as $1. HDUP holders also receive benefits such as discounts on fees and services on the platform.
This is in stark contrast to the Shiba Inu (SHIB). SHIB is a meme coin with little utility. Investors are therefore not sure how they will perform over the long term. This has prompted Shiba Inu (SHIB) holders to invest in tokens with real utility like HedgeUp (HDUP).
Hegdeup (HDUP) Tokens can be purchased at a discounted price of $0.020 through a presale.
Click the link below for more information on the HedgeUp (HDUP) presale.