fbpx
Skip to content Skip to sidebar Skip to footer

Bitstamp Will List Euro-Pegged Stablecoin EURt Soon

Bitstamp, the world’s longest standing cryptocurrency exchange, will be listing Tether Euro (EURt) on its platform from July 22 onwards.

Since the start of this year, the stablecoins have experienced an impressive growth of 300% so far, bringing the market cap to more than $110 billion. For the first time ever, the total on-chain trading volume has reached over $700 billion.

In response to the fast rising popularity of stablecoins, Bitstamp decided to list EURt/EUR and EURt/USD trading pairs so as to promote the adoption of the first EUR-pegged stablecoin.

Stablecoins are great for anyone looking to transfer funds between entities and utilize the crypto market for a much less volatile trading.

Since no USDt intermediary is required when using the stablecoin, this significantly removes forex volatility. Any potential losses of purchasing power due to weakening Euro can be avoided.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020-2023}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in blockchain, crypto, Web3, fintech and technology.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us