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Nothing to do with de ramping, just pointing out the competition, that may, or may not be the first to issue a U.K. regulated Stablecoin.
A few other things you may have missed doing your research.
Stratis blockchain/ Stablecoin has been built using Microsoft C# and runs on Microsoft .Net
It does not need ETH to perform.
A great many of the traditional banking institutions run their back office on the same platform.
Hence you have a pathway of least resistance for implementing.
January 2003
“Our proposal for a GBP stablecoin is currently in the application process to then be submitted to the Financial Conduct Authority.
Our vision for Great British Pound Token (GBPT) uses the Open Banking standard so that both companies and individuals are able to deposit fiat via a simple webpage in order to mint GBPT. The token can then be sent cross-border easily using a digital wallet and redeemed to a different fiat currency if desired. GBPT will be 100% backed on a 1:1 basis with fiat and low-risk, highly liquid, assets.
UK. listed Triad Group Plc has partnered with Stratis.
Any potential benefit from the partnership is not currently factored into the Triad share price.
One to put on the watch list, since Stratis have been appointed to the Open Banking sandbox since last Oct .
Stratis GBP
“Another major upgrade planned for the coming weeks is the launch of the British pound stablecoin, Stratis GBP. Stablecoins derive value from third-party assets which enables them to avoid market volatility”
Https://www.securities.io/investing-in-stratis/
You can buy or sell the Stratis token , but you can’t buy shares in Stratis
No one is paying me, it’s just some here appear to be blinkered
GST may be a huge success, but it requires constant feeding with cash to stay alive.
Don’t expect a massive rise when the hoped for Sandbox milestone is achieved..
It’s not guaranteed
When will investors cotton on that any company being promoted on proactive investors is for suckers.
Just this week you had round four , yes four in under 18 months.
The company will constantly need cash from investors
Umm, what does it say about a business when each placing has to be lower than the previous.
I will tell you .
Each and every long term holder gets shafted.
Time, and time again .
You had yet another kicking this week.
I don’t get all the excitement here , you had no less than 3 placing last year, and will no doubt require many more .
Make that a fourth this week.
Directors are milking you
However Stratis have been in the race for 3 years.
Agreed heaps of room for more than one player.
Stratis is also big within the gaming sector , namely because most games are built on the two platforms that both use Microsoft C#.
Umm, I am afraid you’re incorrect.
Stratis is the worlds only level one blockchain protocol built using Microsoft C# and running on .Net. ( Microsoft).
It’s also a British company
That was over 6 months ago
Stable Coin 1024x512
Stratis is excited to announce it is now a Technical Service Provider for the Open banking technology platform. For those who are unaware of Open banking, current partners include CMA 9 (the nine largest banks in the UK) and over 6million active users in the UK. Open banking connects banks, third parties and technical providers – enabling participants to exchange data simply and securely to their customers’ benefit. They provide the trusted framework for collaboration, enabling the delivery of better value and innovative services.
The importance of standards for both interoperability and simplified integration is very much understood within Stratis and is why they sought to join Open banking. This membership enables Stratis to begin leveraging a worldwide banking standard for their stable-coin solution, removing complexities, and ensuring adherence to standards.
Stratis has now completed the development of the solution, enabling a stable coin to be issued upon the public and decentralized Cirrus Blockchain. Now, with access to the Open Banking directory sandbox, Stratis can begin to further integrate into the service and provide great value for future clients and partners. As highlighted previously, Stratis’ vision for a stable coin is not based upon new age algorithms, instead its solution ensures that tokens are minted as collateral becomes available, thus ensuring that each token represents its intended value.
Stratis plans to release an GBPT Portal on its test network (CirrusTest) to demonstrate how simply and efficiently tokens can be minted by mocking deposits in a banking account. This is a fantastic step forward for Stratis and it’s exciting to see what the future holds
Https://www.cityam.com/why-the-world-needs-a-gbp-stablecoin/
Good luck here then, I do hope you do well.
Bye
Sorry ,
As you can see the path to issuing the first U.K. Stable coin is a long one, with a few winners who will probably do exceptionally well.
That said, it’s without doubt med to high risk.
I hate risk , and to mitigate invested in Triad Group Plc .
Here one gets the chance to do incredible well , if its partners stable coin, is a success, but without the risk or monetary investment or the crashing of the share price on possible failure.
Good luck but we must all be realistic with timing, first the law has to be passed in the next 6 weeks or so.
Then the regulations have to be issued
Only then is it game on !,
It’s going to take time, far, far longer than some on this BB think for the first coin to be issued based on U.K. law