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Yeni Turk Liras (YTL) TRYM Stable Coin Stabila Blockchain

Yeni Turk Liras (YTL) TRYM Stable Coin Stabila Blockchain

Vietnamese Dong VNDM Stable Coin Stabila Blockchain

Vietnamese Dong VNDM Stable Coin Stabila Blockchain

Moneta Holdings and Stabila Blockchain Launch to Enable Banks to Mint Yeni Turk Liras (YTL) TRYM and Vietnamese Dong VNDM Stablecoins

I believe that through knowledge and discipline, financial peace is possible for all of us.

—Daniel Varzari, CEO of Moneta Holdings

ISTAMBUL, TURKEY, Feb. 17, 2022 /EINPresswire.com/ — Moneta Holdings and Stabila (the Consortium), launched today with a mission to build a network of banks to drive the adoption and interoperability of stablecoins issued by banks, which will facilitate the compliant transfer of value on blockchain, removing friction in the financial system and unlocking the financial opportunities that blockchain and digital transactions can provide to a larger network of users.

Yeni Turk Liras (YTL) TRYM and Vietnamese Dong VNDM will be minted exclusively by Moneta Holdings and will be redeemable on a 1:1 basis. TRYM and VNDM address consumer protection and regulatory concerns for non-bank issued stablecoins and provide a more secure option for transacting on the blockchain.

TRYM and VNDM operate on the public Stabila blockchain. The availability of TRYM and VNDM on a public blockchain means that in addition to peer-to-peer and business-to-business money transfers, banks and their customers will be able to use TRYM and VNDM for a wide range of applications, including financing through capital raising as well as invoice and supply chain financing.

“TRYM and VNDM open up endless possibilities for the expanding world of DeFi transactions,” said Daniel Varzari, CEO of Moneta Holdings. “The ease and immediacy of using TRYM and VNDM for on-chain transactions was demonstrated this fall when Moneta Holdings created TRYM and VNDM used to settle test payments executed on LSE’s alternative trading systems. We are extremely delighted that the creation of TRYM and VNDM will be possible on demand and on a regular basis in the coming months.”

The Consortium was formed to meet the needs of customers requiring increased access to blockchain applications for payments and other transactions. “It will solve a critical need to move funds on the blockchain, and do so in a way that can scale, meet regulatory standards, and be acceptable to all users, from large institutional investors to retail clients,” said Anastasia Kovaleva. , Moneta Vice President Holdings Asia. “As a form of digital currency created and administered by Moneta Holdings and Stabila, TRYM and VNDM will enable widespread use of a real-time, on-chain payment system that satisfies important principles of security and soundness, compliance with anti-money laundering standards and financial stability.”

“Moneta Holdings and Stabila will enable banks of all sizes, and especially community banks, to provide the digital banking solutions that more and more of our customers expect,” said Igor Scvortov, chief digital officer of MF Bank. “This aligns with our goal of creating a comprehensive digital financial ecosystem to provide better access to credit and cash management solutions, as well as integrated financial information, while reducing transaction costs for small and medium-sized businesses. .”

“Stabila will enable us to integrate real-time payments into our operating model, enabling us to leverage the benefits of blockchain technology to streamline multi-party disposition processes and provide certainty of settlement. We are exploring specific use cases focused on segments that are relevant to our business model, including potential applications in commercial lending and loan syndications,” said Igor Scvortov, CFO of Moneta Holdings.

Moneta Holdings and Stabila are doing the groundwork to enable banks to leverage revolutionary blockchain technology for responsible innovation and growth.

Stabila’s DAO will manage governance and operations. Interested banks can visit https://stabilascan.org/ to learn more about Stabila, TRYM and VNDM, and the requirements. To request the issuance of stablecoins: create an account with Moneta Holdings, deposit the requested amount in the custody of Stabila. Minting and issuance of stablecoins will follow in the next 24H. More information at: https://stabilascan.org/api/static/banking-blueprint-for-crypto-world.pdf

ABOUT MONETA HOLDINGS AND STABILA

Moneta Holdings and Stabila are membership-based DAOs. We strive to coordinate banks’ efforts to mint TRYM and VNDM in a regulatory-compliant manner; build the banking network and ensure the interoperability of TRYM and VNDM to realize the full potential of blockchain technology to better serve consumers. Moneta Holdings and Stabila are making the market safer, cheaper and more reliable for consumers who want to transact on the blockchain by ensuring that banks continue to play an important role in the financial ecosystem as the adoption of the blockchain proliferates. We are committed to laying the foundations and advancing responsible innovation that will allow banks to harness this technology.

CAUTION REGARDING FORWARD-LOOKING INFORMATION:

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to any of the following relating to Moneta Holdings and Stabila, and/or any of the Referenced Banks or respective Bank Holding Companies (each a “Referenced Entity”) : the beliefs, objectives, intentions and expectations of the referenced entity, including those regarding revenues, profits, strategic relationships, acquisitions, TRYM and VNDM minting and membership; the Reference Entity’s estimates of the future costs and benefits of actions that the Reference Entity may take; and the ability of the referenced entity to achieve its financial and other strategic objectives, or the synergies and operational efficiencies expected under or as a result of the forward-looking statement on time or at all. These forward-looking statements also include, without limitation, those relating to the terms, timing and closing of any pending or proposed material transaction or initiative undertaken by the referenced entity (each a “Transaction”). Forward-looking statements are generally identified by words such as “believe”, “expect”, “anticipate”, “intend”, “outlook”, “estimate”, “expect”, “project”, ” should” and other similar terms. words and expressions, and are subject to numerous assumptions, risks and uncertainties, which change over time.

Daniel Varzari
Moneta Holdings
+1 786-408-7985
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Moneta Holdings and the Stabila team