French Retail Multinational, Groupe Casino, to Launch Euro-Backed Stablecoin on Tezos Blockchain

First reported by French publication Les Echos, Groupe Casino aims to revolutionize payments across its stores with the launch of its Euro-backed stablecoin, Lugh. The multi-billion revenue retail company plans to use stablecoin, ticker EURL, enhance payments, loyalty rewards, and trading in the future. The stablecoin is created through a partnership with France-based financial service […]

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EU Regulators Warn Investors About the High Risks of Investing In Cryptocurrencies

Top Market regulators in Europe have warned investors about the increasing high risks associated with crypto investing. The European Securities and Markets Authority (ESMA) gave this warning in its latest report on Trends, Risks, and Vulnerabilities published on Wednesday. Continued Warnings On Cryptocurrency Risks The ESMA alerted consumers and investors about the risky and speculative […]

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Bank of Thailand Declares Terra-based Thai Baht Stablecoin THT Illegal & In Violation of Currency Act

The Bank of Thailand (BoT) has declared THT, a Baht-pegged stablecoin on Luna-powered Tera, in violation of the Currency Act of 1958, which gives the state exclusive authority to issue money. Pruettipong Srimachand, Assistant Governor of the Legal Group at the central bank, reported on the development around stablecoins in the private sector. THT is […]

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