eth
llmgate
BTC-Collateralized MiCA-Compliant Euro Stablecoin
A euro stablecoin issued against BTC collateral, MiCA-compliant — the BTC×ETH fusion the corpus explicitly lacks.
stablecoinbtc-collateralmicaeurobtc-eth-fusion
DISTILL-eth open question: does a BTC-backed euro stablecoin beat Qivalis on distribution? The memo doesn't consider it. EURC is 41-50% of the €365-390M EUR-stablecoin market; the issuer game is Circle-vs-Qivalis, so a differentiated BTC-collateral angle re-anchors around the operator's BTC + custody edge rather than fintech-only execution. Speculative seed, not yet scored.
source: DISTILL-eth.md