Home Finance News Bitstamp Users Now will be able to access Tether EURt now Furthering Adoption

Bitstamp Users Now will be able to access Tether EURt now Furthering Adoption

bistamp
  • Tethering with Tether
  • Converting cash to stable coin equivalent
  • Tether tokens pegged to EURt
  • EURt is an ERC-20 standard token

Tethering is a great way to use traditional currency on the blockchain. Integrating with Tether provides businesses with unlimited currency possibilities.

Tether provides users with the joint benefits of open blockchain technology and traditional currency by converting your cash into a stable digital currency equivalent.

By leveraging blockchain technology, Tether makes it possible for users to store, send and receive digital tokens pegged to dollars, Euros, and offshore Chinese Yuan person-to-person, globally, instantly, and securely for a fraction of the cost of other alternatives.

Thus, Tether makes it possible for businesses, including exchanges, wallets, payment processors, financial services, and ATMs, to efficiently use fiat currencies on blockchains.

Tether expressed:  “We’re pleased to announce that Tether tokens pegged to euro (EURt) will be available on Bitstamp, a cryptocurrencies exchange based in Luxembourg. The euro-pegged stablecoin will provide a liquid, stable, and trusted means of obtaining exposure to the single European currency to Bitstamp’s users.

With the launch of the pioneering euro-pegged stablecoin on the platform, Bitstamp aims at providing a greater level of certainty to traders of digital tokens and driving innovation across the broader ecosystem. EURt has the potential to attract mass appeal, helping to further mainstream Adoption of digital tokens.”

EURt is an ERC-20 standard token and is issued over the Ethereum network.

Bitstamp expressed: We’re bringing EURt to Bitstamp. Stablecoins have recorded an impressive growth of 300% so far this year, rising to a market cap of over $110B. Excited by the possibilities, we want to help pioneer the Adoption of the first EUR-pegged stablecoin.

Community Response: No better exchange for doing that than the longest-standing crypto exchange in the world. I bought my first crypto on Bitstamp never looked back.

For those who are new, digital assets are gaining prominence in the international landscape. For example, tether (USDT) tokens are providing significant advantages in the international context.

There are still people who do not have access to banks and bank accounts.  They do not have access to financial services where the user may lose their money due to theft or failure. In addition, nations are struggling due to currency devaluation and corruption.

With cryptocurrencies like Bitcoin (BTC) gaining recognition as a legal tender, USDT is facilitating many advantages to the global economy. USDT is striving to provide an alternative financial infrastructure to the unbanked. Thus, making it possible for users to gain access to the global cryptocurrency market and be able to store wealth out of the banking infrastructure.

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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