TBW Premium #4: Stablecoins, the big survey
Published on May 05, 2022
Read all about The Big Whale's fourth Premium newsletter.
May 5, 2022
Hello Whales and welcome to the newbies who have joined us in the Web3 deep end 👋
THE BIG SPLASH
Saint Jerome Powell has spoken 🙏
Yesterday evening, the president of the US central bank announced a rate hike not seen since 2000... This decision was anticipated because free money has caused inflation to explode in recent months. It was therefore necessary to act. But this rise will not be without consequences for the markets, particularly cryptos. We talk about it below with Christophe Barraud (Market Securities).
So you must surely have seen that Binance has finally obtained its registration with the Autorité des marchés financiers. We discussed this with its boss, 'CZ', a fortnight ago (read the interview). This week we also reveal some exclusive news and a full report on an oh-so-important subject: stablecoins!
Good diving 🐳
THE BIG NEWS
Our exclusive news
👉 The Lugh changes dimension
We had lost sight of the Lugh (EURL), the euro stablecoin created by the Casino group with the support of Société Générale. Launched in March 2021 and reserved exclusively for customers of the broker Coinhouse, the stablecoin 🇫🇷 has had a little trouble getting off the ground... But things could change, according to our information, as the regulator has finally authorised its issuer to move it freely from wallet to wallet. The Lugh (€10 million market capitalisation) has been discreetly integrated into the Swiss exchange platform MtPelerin and the simplified crypto-buying solution Moonpay, which should democratise its use. As good news never comes alone, Lugh has applied to the Autorité des marchés financiers (AMF) for registration as a digital asset service provider (DASP). Once this is in place, Lugh will be able to sell its stablecoins without going through an intermediary.