stablecoins

europoooooor

as the founder of a US company with a team based in the EU, i run payroll from an EU subsidiary (french sarl)

we do a lot of cross border txs, both in fiat & crypto, so frequently on/offramp USDC via circle, which hasn't been an issue at our US bank; and with the recent push of EURC, i was super excited this would make transfers to the EU entity simpler, faster and cheaper

however, each time i've made a wire so far, our french bank, bnp paribas, gives me so much shit, demands heaps of documentation 😭

is anyone else trying to leverage EURC in any real-world capacity today? is it just bnp that sucks? or am i being foolish to expect meaningful stablecoin adoption at any institutional level in /europoooooor anytime soon?

building /quidli 🦑, casting in /justinahn, daoing in /🍊 & /🟪

curious how you're offramping via circle - is that circle mint?

Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

not sure what their current client acquisition strategy is

but when we got the account 2 years ago, they were presenting as pretty startup friendly; and overall it's been a great way to handle our crypto assets (other than the offramping EURC issue, which ostensibly isn't their fault 🫠)

interesting, they're currently branding it as "for businesses and wholesale distributors minting large volumes of USDC. It is typically used by exchanges, institutional traders, wallet providers, banks and large financial institutions" rather than individual companies. May try applying