European Banks' Role in Supplying Liquidity to Coin Market

European banks can inject liquidity into the coin market, enabling stablecoin usage and connecting global assets through stablecoins in the future.

### European Banks' Ability to Issue Stablecoins and Its Implications
* 💰 "On July 1st, USDC issuer Circle and Goldman Sachs obtained a European stablecoin license, enabling the issuance of USDC and a Euro-based stablecoin called **EUC** through European banks."
* 🌐 This move is crucial as it allows for the **rapid connection of global assets through stablecoins**, impacting not only Europe's bond market but also the stock market.
* 📉 "Recently, the reduction of local banks' exposure to the cryptocurrency market in the US has led to a **significant liquidity crisis**."
* 🏦 "European banks may step in to provide **liquidity to the coin market**, but it may take **some time to materialize**."
* 📈 "If a bull market or a rebound occurs in the second half of the year, these entities could play a **significant role in supplying liquidity to the coin market**."
* 💳 "The recognition and acceptance of stablecoins by the financial sector are seen as a **significant development**."

In the future, not only the bond market in Europe but also the stock market will rapidly progress in connecting global assets through stable coins. On July 1st, in the cryptocurrency market, there is a content worth discussing, different from other broadcasts, where there hasn't been much talk in the market. So, I brought it here. I was planning to prepare quickly, but there are so many things to handle and as I kept doing various things, it got delayed. Therefore, I will address it now. I will find the movie and upload it. The movie seems very interesting, and I know it was probably made as a movie, so I will proceed with the content. I will address something important. USDC issuer, who is Circle, Goldman Sachs, you all probably know them. They are now introducing stable coins in Europe.

It's done. In Europe, the cryptocurrency-related bill called the MICA Dark Circle, for those of you who have time, watch a movie called Dark Circle, it will be good to watch this weekend. Dark Circle is always on my mind. What's Silk Road? It will be fun in 2021. Watch it this weekend and leave reviews. In the MICA bill, they have now obtained a European stablecoin license. So, what's the content? In Europe, it means that USDC stablecoins can now be issued. Also, Euro-based stablecoins can be issued. But there's one temperature difference. USDT was rejected, rejected, while USDC passed. So, from July 1st, now, based on European banks, you can issue USDC and a Euro-based stablecoin called EUC.

So a few days ago, we had an incident with USDT, do you remember? When Defi came out, we were discussing in our house chat room saying, If you want to make money, you'll know. Remember a few years ago, we earned tens of millions of won with USDC. Can't we see that again? People who have smelled money already know. Recently, there was an issue with USDT, and that's why it happened. In Europe, they can't use USDT anymore. If it doesn't get approved, we can't use it. So, what should we change our USD to? We should change it to USDC. Whether you are in the European market or not, you must go out with USDC. Therefore, if you have USDT, it's like continuing a bank run. The more people leave, the more Defi will happen. Well then, let's see. The Bitcoin price has dropped, and the cryptocurrency market is not doing well right now.

One of the reasons is, do you remember what I said? It's not about the Magok issue, not that the German or US government is selling Bitcoin, not that miners are selling it, not the political instability, what else was there? Currently, there is a lot of liquidity in our cryptocurrency market. The stress tests of the Federal Reserve keep changing for the banks. They did stress tests on each bank one by one. Then what did they do before and after that? They told the local banks in the US to allocate 15% of the deposits they hold, not the entire deposit, but 15% of it, to cryptocurrency funds or hedge funds. In simple terms, the local banks in the US used to circulate $10 billion in the cryptocurrency market, but now they only keep 15% of the funds inside. Then, what happens to the hedge funds? Well, only 15% from now on.

If it's not allowed, in that case, if you put in 30%, you should withdraw 15% of the funds, withdraw them and put them in other banks, or create a new wealthy person somewhere else. Then, of course, you would sell the coins, convert them all to stable coins, then convert them to dollars and exit. Naturally, our cryptocurrency market would inevitably dry up in terms of liquidity. Currently, in our cryptocurrency market, the number of mounts, the U.S. government, the German government selling, this is not the only reason for the decline, there is also the lack of liquidity. In terms of liquidity definition, what should we do with the redemption funds now? We have to recreate the wealthy person from the bank we were using well before, we can only do 15 billion dollars now, for example. So, let's see, on July 1st in Europe, the Micah Act...

Being able to issue coins, why is this important now? It's really important in the current situation. But there are no people dealing with it. Liquidity. Is it good for the U.S. government to lead the cryptocurrency market? Will the Biden administration like the cryptocurrency market or not? They have no choice but not to like it. Why is it dangerous? Currently, even U.S. regional banks have high interest rates. Real estate loans, commercial real estate loans are risky, and the profit structure is already a mess. If the cryptocurrency market collapses, along with it, U.S. regional banks will collapse. Then, they can't miss the election. They won't just leave it to Trump. The president should do everything possible to prevent U.S. regional banks from collapsing. Whether it's the Fed, the Treasury, or the Biden administration, they need to prevent U.S. regional banks from collapsing. Hey, you U.S. regional banks, you're already risky.

I know that you guys have a 15% lower deposit on the bitcoins you already have. You can't use it a lot, so we have no choice but to regulate it. Currently, activating the cryptocurrency market is more of a priority than regulation. However, what happened through the MICA bill on July 1st? In Europe, they can issue stable coins. Let's see. What does it mean that Europe can issue stable coins? Through European banks, they can issue two stable coins, USDC and EUC. So, who can take over the role of the local banks in the United States that the Biden administration could not do due to the presidential election? Who can do it in place of the local banks in the United States? Who can provide the role that the local banks in the United States used to provide? Who can do it now? Starting from July 1st, European banks can do it.

Can this happen? Why isn't there a place that covers such crazy news that the liquidity of our coin market in Europe's bank can be smoothly supplied right now? Of course, Coin Issue, from July 1st, liquidity should come in. It's not coming in right now. We need to give at least one to two months, maybe a few months, right? Time for making the market, making marking maker companies, funds, it will be tough in the US for a while. Then where should the rich turn to? Let's target the rich in Europe. Then, from European rich people, through European banks, what will come into our coin market? USDC, coming in as EU coins, we can form a market where we can buy altcoins that we have. However, it won't happen right away. Of course, there are many negative articles from now on, starting from Mount Goso, so this article is.

I think it's buried, but in my opinion, this article is the best article in the second half of this year. If there was a physical REIT article in the second half, the fact that the European market started with USD Coin is pioneering. I think this is the best. So, in July, it may be difficult to expect liquidity to come in right away, but as we go into the second half of July, August, and September, the liquidity issues we are facing now could be resolved. There is a high possibility that European banks will replace the roles that U.S. banks and regional banks cannot fulfill. We can analyze it that way. Do you understand how important this article is? In the short term, it can provide liquidity to the market. What would be good from a long-term perspective?

From a long-term perspective, it doesn't matter how much European coin investors invest in our coin market. In fact, it is meaningless how much Europeans invest in coins compared to stock investments. It is also meaningless what products are popular in Europe. Since Europe is not a country where people thrive in their retirement by investing in stocks or coins, who is good at both stocks and coins, and what is the most meaningful and significant? In Europe, even in the existing financial sector, recognizing stable coins would be the most significant. When stable coins CBDC are issued, Bitcoin will fail. Two to three years ago, there were many crazy talks like that. Some well-known university professors and banking experts said that if CBDC stable coins are introduced, Bitcoin will fail. Stable coins will survive.

I said I can't do it. But what did I say at that time? Stablecoins will expand like crazy. They will have different use cases. CBDC will be used differently, and stablecoins will be used differently. If we enhance the scalability of CBDC, it will become a stablecoin. It will be used as a complementary role to raise the value of CBDC. I'm telling you that I see the stablecoin market expanding like crazy right now. You guys are so simple. You say things like Bitcoin can't be used for payments, it's slow, who would use it for payments, and when CBDC comes out, Bitcoin will disappear. But those people actually open their mobile apps and use Kakao Pay, Toss, Hyundai Card, check cards, and so on. So, based on their logic...

Shouldn't we just use CBDC debit cards, or should we only use credit cards? Why do we use various payment methods like Toss and Kakao Pay when they are the same payment method? Even in our blockchain, it's the same thing. If we use CBDC, we use stablecoins, think about Ripple, Stellar, use them in wholesale, use them in retail, use them in payments. When many payment methods are established, there will be more diverse payment methods. Just like how CBDC, Euro, stablecoins, and other coins are divided, why not Bitcoin? If CBDC comes out, Bitcoin will fail. While thinking like that, why do you use dozens of payment methods? Do you understand the meaning? What I mean is, in the future, how Europe will move, European stock markets, and European bond markets, all blockchain.

The flow is now happening. The flow means that the assets of the world will be connected very quickly. Later, this will also be linked to Tether USDC and how the European market will be affected. I will divide this into a special feature. Since the market is getting longer, I think that on July 1st, the USDC issuer obtaining a license is really good news. And if a bull market or a rebound market comes in the second half of the year, another double time will come. In that case, these entities may play a significant and meaningful role in supplying liquidity to our coin market. Let's move on to the next sector.

Stablecoin usage has become possible. Recently, local banks in the United States have reduced their exposure to the cryptocurrency market, causing a sharp decrease in the liquidity of our coin market. However, since July 1st, there is a possibility that European banks will be able to inject liquidity into our coin market. It may be difficult to expect immediate results, but it is a significant indicator that the financial sector has recognized and accepted stablecoins. In the future, not only in Europe's bond market but also in the stock market, the global asset connection through stablecoins will proceed rapidly.

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코인이슈 경제채널

The Rapid Progress of Stablecoins in the European Market

USDC and Euro-based stablecoins can now be issued in Europe, while USDT was rejected.

This change is leading to a shift from USDT to USDC in the European market, impacting the cryptocurrency industry.

The development is causing concern as the Bitcoin price has dropped, and the overall cryptocurrency market is struggling.

The Impact of Liquidity on the Cryptocurrency Market

The US Federal Reserve has instructed local banks to allocate 15% of their deposits to cryptocurrency or hedge funds, reducing liquidity in the cryptocurrency market.

This decrease in liquidity could lead to the need for redemption funds to recreate wealth elsewhere.

The high interest rates and risk in US regional banks make it crucial for the Biden administration to prevent a cryptocurrency market collapse to avoid a larger financial crisis.

Impact of European Banks Issuing Stable Coins

European banks are now able to issue two stable coins, USDC and EUC, potentially taking over the role of US and regional banks in providing liquidity to the coin market.

The new ability of European banks to supply liquidity may not have an immediate impact, but it is expected to help resolve the current liquidity issues in the market in the second half of the year.

This development is significant as it could not only address short-term liquidity needs but also potentially pioneer the European market with USD Coin, offering long-term benefits.

The Significance of Stablecoins and CBDC in the European Financial Sector

European investment in coins is insignificant compared to stocks, but the recognition of stable coins and the potential impact of CBDC is significant.

Stablecoins are projected to expand and have diverse use cases, complementing the value of CBDC.

Despite predictions of Bitcoin's failure with the introduction of CBDC, the use of multiple payment methods, including stablecoins, is expected to bring about a more diverse financial landscape in Europe.

The Impact of Stablecoin Regulation on the Global Asset Market

The licensing of USDC issuer on July 1st is seen as positive news for the market, potentially leading to increased liquidity.

European banks reducing exposure to the cryptocurrency market could affect coin market liquidity, but the possibility of them injecting liquidity post-July 1st is a significant development.

Stablecoin usage is gaining recognition in the financial sector, with potential rapid expansion into the global asset market.