German Fintech Unstoppable Finance to Launch Europe’s First ‘DeFi-Native Bank’

Berlin-based fintech startup Unstoppable Finance, currently most well known for its self-custodial crypto wallet called Ultimate, announced today it will be rolling out Europe’s first compliant “DeFi-native bank” alongside a fiat-backed Euro-pegged stablecoin following MiCA’s guidance. 

The DeFI banking arm will ensure that the stablecoin is fully backed by reserves, as outlined by the new legislation from Brussels, says co-founder and CTO Peter Grosskopf in a call to Decrypt.

Read more: Decrypt