Europe is set to receive its first decentralized finance (DeFi) based bank with the launch of Unstoppable Finance. The German fintech company announced that their new bank will be among the first of its kind in the world, and will offer a euro-pegged stablecoin and a suite of DeFi banking services. Unstoppable further noted that the reserves held with the European Central Bank will back their new stablecoin, thus providing investor confidence in the new services. The bank is projected to launch this summer, bringing a new wave of financial innovation to the European market.

Author: Fantastic Beast.web3