Euro Tether EURT
DescriptionEuro Tether token (EURt) is the first euro-pegged stablecoin pegged to the euro. The purpose of the EURt is to provide stability against digital assets’ price fluctuations by offering a token pegged to the euro. EURt provides a liquid, stable, and trusted means of obtaining exposure to the single European currency. EURt enables holders to store value, make international digital token transfers, send tokenized remittances, and trade cryptocurrencies, and mitigate exposure to forex volatility. Stablecoins have diversified the use cases of digital currencies, and therefore they contribute to bringing wider adoption into the crypto space. EURt was developed by Tether Operations Limited (“Tether”), a company founded in 2014 by a group of Bitcoin enthusiasts and early adopters, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether (EURt) currently operates as a second-layer token on top of the Ethereum blockchain only. Tether USDt has different blockchains such as Bitcoin, Ethereum, EOS, Tron, Algorand, and OMG blockchains. The Tether token’s are pegged at 1-to-1 with a matching fiat currency (e.g., 1 EURt = 1 EURO) and are backed 100% by Tether’s reserves. "