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Tether stops issuing EURT: here’s what to do
The post Tether stops issuing EURT: here’s what to do appeared on BitcoinEthereumNews.com. The news is official: yesterday Tether announced that it has stopped issuing EURT. EURT is the stablecoin pegged to the euro issued by Tether, and it has nothing to do with USDT, which is also issued by Tether, but pegged to the US dollar. Therefore, from now on, the new requests for the issuance of EURT are no longer processed by Tether. Tether and the stablecoin EURT EURT is a fully euro-collateralized stablecoin created by Tether in 2020 (USDT is from 2014). Up to today, just over 25 million EURT tokens have been issued, almost all on Ethereum. Its market capitalization is therefore about 25 million euros, equivalent to less than 27 million dollars. It is therefore a minor stablecoin, so much so that it is even only in fourth place in the world among euro stablecoins. In first position, by market capitalization, there is Stasis Euro (EURS) with 130 million. In other words, EURT has not been successful, neither among the stablecoins in euro, nor in comparison with USDT. Despite this, it is present on as many as 37 exchanges, and has a trading volume not much lower than 3 million dollars daily, while Circle’s EURC exceeds 55 million. In light of this, its potential disappearance from the crypto markets will not leave a great void. “`html The motivazioni “` As explained by the CEO of Tether, Paolo Ardoino, the reasons behind the decision to abandon the project are related to the European regulatory framework. Tether's decision to delist EURt has not been taken lightly, but until a more risk-averse regulatory framework in Europe is in place—one that fosters innovation, offers the stability and protection our users deserve and avoids potential banking systemic risks—we have chosen to… https://t.co/WQWAeMwpbD — Paolo Ardoino ???????? (@paoloardoino) November 27, 2024 Ardoino states that…
The post Tether stops issuing EURT: here’s what to do appeared on BitcoinEthereumNews.com.
The news is official: yesterday Tether announced that it has stopped issuing EURT. EURT is the stablecoin pegged to the euro issued by Tether, and it has nothing to do with USDT, which is also issued by Tether, but pegged to the US dollar. Therefore, from now on, the new requests for the issuance of EURT are no longer processed by Tether. Tether and the stablecoin EURT EURT is a fully euro-collateralized stablecoin created by Tether in 2020 (USDT is from 2014). Up to today, just over 25 million EURT tokens have been issued, almost all on Ethereum. Its market capitalization is therefore about 25 million euros, equivalent to less than 27 million dollars. It is therefore a minor stablecoin, so much so that it is even only in fourth place in the world among euro stablecoins. In first position, by market capitalization, there is Stasis Euro (EURS) with 130 million. In other words, EURT has not been successful, neither among the stablecoins in euro, nor in comparison with USDT. Despite this, it is present on as many as 37 exchanges, and has a trading volume not much lower than 3 million dollars daily, while Circle’s EURC exceeds 55 million. In light of this, its potential disappearance from the crypto markets will not leave a great void. “`html The motivazioni “` As explained by the CEO of Tether, Paolo Ardoino, the reasons behind the decision to abandon the project are related to the European regulatory framework. Tether's decision to delist EURt has not been taken lightly, but until a more risk-averse regulatory framework in Europe is in place—one that fosters innovation, offers the stability and protection our users deserve and avoids potential banking systemic risks—we have chosen to… https://t.co/WQWAeMwpbD — Paolo Ardoino ???????? (@paoloardoino) November 27, 2024 Ardoino states that…
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