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 /🍊 & /🟪

No specific experience in this area, but... banking in France with some of the traditional banks, such as the one you mention, is even more painful than banking in Germany with similar banks. If in any way possible, I would try to find a different bank. Even for a regular new account we had to sign a document of about 30 pages. In The Netherlands you can open that online, get a simple to read contract sent home, which you can sign and scan to return. You might be able to find a bank that's less painful.