Post
Topic
Board Altcoin Discussion
Re: is this a good sign for ethereum
by
UAE Seasider
on 20/12/2018, 09:02:10 UTC
A state-owned bank in Brazil is about to issue a crypto token designed to maintain parity with the national currency.
the Brazilian National Social Development Bank will launch a pilot in January 2019 for the BNDES token, which runs on the ethereum blockchain.

https://www.coindesk.com/this-brazilian-bank-is-using-ethereum-to-issue-a-stablecoin

your opinion Smiley

I do not think that it affects Etherum at all, they are simply adopting what is the most common form of token and launching as an ERC-20. Most projects start this way then will migrate to their own blockchain once developed.