A sudden 3% slump in eToro’s stock this week has traders buzzing, with many linking the dip to unverified reports about MultiBank Group—the $20-billion-a-day forex leviathan—allegedly engineering a crypto pivot. Sources claim the firm is deep into developing $MBG, a utility token designed to merge its decades-old financial infrastructure with blockchain, positioning it as a regulated pioneer in institutional tokenization.
While MultiBank has yet to confirm the rumors, insiders describe $MBG as a “bridge between old and new finance,” offering tangible perks like staking rewards tied to corporate earnings, VIP access to exclusive trading tools, and fee discounts for loyal holders.
Adding fuel to the fire are leaked details of a 50 million USDT buyback scheme slated for Year 1, which could slash the token’s total supply by up to 50% over time. If executed, this could lure traditional investors who’ve avoided crypto’s wild swings, into the decentralized finance industry.
The chatter intensified after a Swiss trademark filing for “MultiBankChain” surfaced, sparking debate over whether the group plans to build its own blockchain. Crypto Twitter remains divided: Decentralization loyalists dismiss $MBG as “centralized encroachment,” while institutional bulls argue it could legitimize crypto for risk-averse capital.
All eyes now turn to CEO Naser Taher’s scheduled appearance at the next Dubai FinTech Summit, where observers speculate he may break silence on the project. Skeptics warn of regulatory hurdles, particularly in the U.S., where the SEC’s stance on hybrid tokens remains murky.
For now, markets oscillate between skepticism and anticipation. Is $MBG a calculated bid to dominate the next era of finance—or merely smoke and mirrors? The answer may hinge on Taher’s next move.
