Bitstamp, a bitcoin exchange based in Luxembourg has announced the launch of Tether’s first Euro-based stablecoin, EURt. Tether-issued stablecoins already hold a dominant position in the European crypto sphere, and with rising demand for stablecoins, EURt could be the answer to exceptional profit margins for Bitstamp. The press released has dated the launch to 22nd July, Thursday and it states that the coin will be available for trading on both, on the website, i.e., bitstamp.net, and the Bitstamp app.
Compatible with domestic currency
Bitstamp mentioned that EURt is custom-made for users in the European territory. The exchange highlighted that the low-risk, reliable stablecoins are mostly traded against the US dollar on a 1:1 basis. Nevertheless, EURt will be compatible with Euro users, allowing them to trade in their domestic currency.
“Accepted the world over, the US dollar is the global reserve currency and most stablecoins are pegged to it on a 1:1 basis. However, many of
Źródło: https://coingape.com/bitstamp-to-list-tethers-first-ever-euro-backed-stablecoin-eurt/
