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![veritas_web3 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1668050036414881796.png) VERITAS PROTOCOL [@veritas_web3](/creator/twitter/veritas_web3) on x 69.7K followers
Created: 2024-08-15 23:34:26 UTC

🚨 Swiss Bank's Collapse Puts $63M Euro Stablecoin in Jeopardy

Anchored Coins, the issuer of the euro-pegged stablecoin AEUR, has halted withdrawals and new customer registrations after depositing part of its $XX million reserve in the bankrupt Swiss bank FlowBank SA. 

With FlowBank in liquidation, the funds backing the stablecoin are now in limbo, raising concerns that AEUR holders may not fully redeem their tokens. The company warned that if the bank’s assets aren't fully recovered, AEUR holders could face proportional losses. 

This crisis follows a recent incident where Binance suspended AEUR trading due to an unexpected price surge.

![](https://pbs.twimg.com/media/GVD1255XcAE7DFk.jpg)

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**Related Topics**
[holders](/topic/holders)
[chapter 11](/topic/chapter-11)
[aeur](/topic/aeur)
[coins](/topic/coins)
[coins stablecoin](/topic/coins-stablecoin)
[euro](/topic/euro)
[$63m](/topic/$63m)
[swiss](/topic/swiss)

[Post Link](https://x.com/veritas_web3/status/1824228186491625618)