#StablecoinPayments What is a stablecoin

It is a cryptocurrency linked, let's say, to the euro or dollar. For example, a stablecoin might be equal to 1 euro. Of course, it can also be linked to other assets. This example was just to give you an idea. Basically, it is backed by an asset. Stablecoin in retail

A French retail group, Casino, with over 11,000 stores, recently launched a stablecoin, with the help of Societe Generale. The name is Lugh (EURL). (Other partners in the project include: Nomadic Labs, Coinhouse – through which it can be purchased, Sceme, and PwC France).

The bank is the one that handles the euro reserves for this stablecoin, while Nomadic Labs is responsible for the operations related to the Tezos blockchain.

Through this cryptocurrency, the aim is actually to provide a means of payment and a global loyalty program for partner brands.