DLT R&D | EVM | Web 2/3 | @ClinqGold CTO | Cross-domain IIPS for wholesale and retail asset-backed ICBDCs | Spearheading digital currency union in Africa
1/ We led the €7 million seed round into @Schuman_io, a fiat-backed stablecoin issuer dedicated to the European market 🇪🇺
All our thoughts: https://t.co/tSRs69Sfa2
1/ Schuman Financial is officially LIVE! 🚀
After months of work in stealth, we’re here to accelerate the transition of European financial services on-chain with our key infrastructure and MiCA-compliant euro stablecoin EURØP.
Let’s dive into what we’re building. 👇
🔴A new regulated euro stablecoin is coming to #Europe
Schuman Financial, a company founded by Martin Bruncko, a former vice president of Binance Europe, has raised 7 million euros to launch it
All the details in @TheBigWhale_👇
https://t.co/nDIHJKwgqr
I remember when people panic-sold #Bitcoin because Covid-19 was the end of the world.
Many of us created generational wealth by buying that fear right before the 2020 halving.
The drop from $10K -> $4K was a gift I'll never forget.
And history feels like it's starting to rhyme.
War is inflationary and will be paid for via debasement.
In fact, it provides a convenient excuse to monetize debt.
Good luck to all bond holders and Bitcoin panic sellers.
You're going to need it.
This is the best speech ever given at #Davos. If only we could elect a President like @JMilei here in the United States. The problem is we don't even have any candidates anywhere close to his caliber.
@gruppe5 It’s not just wishful thinking. It is already happening. We are already piloting such a solution in various African counties at @ClinqGold. Not all CBs are the same. Developing countries see value in #AntiInflationary assets.
✅ Complimentary. Never replace local currency. Learn from the #EUR disaster. There are sound economic reasons for a local, inflatable currency. Both can co-exist and be used for their purposes.
✅ #Blockchain-based for full #Transparency, maximal #Trust through absolute rule of immutable law.
✅ #Accountability through effective separation of powers within the multilateral #Governance system. A triangle of rights and obligations between auditors, issuers, and vaults.
2) Replacing local currencies? The #Euro's challenges are a cautionary tale. Different economic stages in a union call for tailored solutions, not a one-size-fits-all approach.
Reflecting on last August's #BRICS event in #SouthAfrica: a single currency seems off the table for now, #gold-backed or otherwise. Two key hurdles: 1) No consensus on which central bank should issue it—lack of a #governance framework.
Our approach brings two major advantages: 1) #Independence in cross-border trading from traditional systems like #SWIFT and $USD. 2) A multi-issuer-governed system for enhanced fairness and integrity. It's a step towards a more accountable and independent digital economy.
I believe #CBDCs shouldn't be just a central bank thing. At @ClinqGold, we're pioneering a new path where entities with gold reserves can issue digital currency, leveraging #blockchain. This approach could redefine the digital currency landscape.