EURt
Traders can use EURt to protect themselves from fluctuations in the Euro's value.
Tags:Cryptocurrencies ETH TOKENCoin ETH tokenTether EURt is a stablecoin pegged to the Euro. It’s designed to mirror the value of the Euro, offering a stable digital asset that can be traded like any other cryptocurrency.
Key characteristics:
- Stability: Tether EURt aims to maintain a 1:1 value with the Euro.
- Decentralization: Like other cryptocurrencies, it operates on a blockchain.
- Utility: It can be used for various purposes, including trading, remittances, and as a store of value.
How it works:
Tether Limited, the company behind Tether, claims to hold equivalent Euro reserves for every EURt token in circulation. This backing is intended to provide stability and trust.
Use cases:
- Hedging against Euro volatility: Traders can use EURt to protect themselves from fluctuations in the Euro’s value.
- Facilitating Euro-based transactions: EURt can be used for cross-border payments and transactions, offering a faster and potentially cheaper alternative to traditional methods.
- Integration with DeFi: EURt can be used in decentralized finance (DeFi) applications, expanding the range of financial services available.
Important considerations:
- Stability concerns: While Tether aims for stability, the actual backing and transparency of reserves have been subject to scrutiny and debates.
- Regulatory environment: The regulatory landscape for stablecoins is evolving, and changes could impact Tether EURt.
EURt | |
Total supply:
|
50,001,661 EURt |
Contracts: Ethereum | 0xc581b735a1688071a1746c968e0798d642ede491 |
X: | @Tether_to |
data statistics
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