The Euro Stablecoin Gap Nobody's Talking About | Nordic Blockchain Conference #nbc2026

Added: 2026-06-03

[00:00:00]If if you look at the data, also, basically, euro and the leading stable coins in terms of circulation of stable coins is only 0.2% and actually, if you compare that with how the euro is circulating, that's 20% in terms of financial markets. So, there is a huge gap between basically how the euro is being used and how basically stable coins are being issued in terms of of the local currency. What are the barriers for for that? I don't know, Christian, if you have >> Take a step back, guys. We're a young industry that the the rules that were written, the micro rules, we might not agree with them, but we play with them.

[00:00:37]They were written by people outside of the business and they it's in front of us. And the banks they of course want to compete because we are coming for some of their lunch.

[00:00:47]But just to reflect on what you guys said that I don't we don't see it that we have to beat everybody else. We there's more than enough share to compete. Uh we're solving for 93% of the world's population, not necessarily the ones that are here in the business today.

[00:01:05]And for me, um you know, going back to the question, I think the way we look at the industry, the US D stablecoin it was born out of the volatility, right?

[00:01:15]It was there. There was no euro alternative. So, they were born in that speculation. When we look forward after MiCA came, it gave us a playing field of coming to the market with a euro stablecoin. I remember I mentioned that we issue a US dollar stablecoin and your or somebody said on the panel was like, "Whoa, I didn't even know you issued one." Cuz it takes time to build this. But now the competition is not about who has I mean, we're competing against the Tethers and the Circles.

[00:01:43]They have huge liquidity. We're never going to beat that today. But if we start building what we're doing today, we're going to see that the euro liquidity is not just going to live on exchanges. For MBX, we tried to get past just the exchange from fiat to to crypto on the exchanges, but through the Flip app which I came from before, which is a non-custodial app.

[00:02:06]Super simple to use, has none of the crypto stuff. It's like Swish, but with crypto or Vipps in Norway. But we get that into normal people's hands and our bet is that our PLT, the Polish złoty stable coin, that's going to get traction outside of the Polish exchanges, even though there's a use case there. So I think give us a bit of time, let us compete, the banks will do what they will, they will try their attempt. You guys have been at the market way longer than we have. Our stablecoin is 2 years old. We're launching a Polish złoty and a euro denominated stablecoin this summer and it is going to get traction in the use cases of normal people.

[00:02:46]So I think from our perspective, that would be the answer.

[00:02:52]>> [applause] [applause]