Bitstamp To EURt — Tether EURO
Tether, in conjunction with partner exchanges OpenLedger and Coinsbank have announced the launch of EURT, a “euro-coin” that is tradeable and transferable over the Bitcoin blockchain. EURT introduces fiat currency to digital cash to the Bitcoin blockchain.
Currently, there are a total of five distinct Tether tokens: United States dollar tether on Bitcoin’s Omni layer, euro tether on Bitcoin’s Omni layer, United States dollar tether as an ERC-20 token, and euro tether as an ERC-20 token, and added in 2020 United States dollar tether as an TRC-20 token on the TRON network.
Recently, a bitcoin exchange based in Luxembourg, Bitstamp, announced that EURt will be listed on their platform on 22nd July 2021 to be able to help the adoption of $EURt, the first EUR-pegged stablecoin.
EURt will be traded against EURO( EUR) and US Dollar (USD). EURt has the potential to attract mass appeal, helping to further mainstream adoption of digital tokens.
NOTICE!
Please note that EURt will not be available to US and Singapore customers.
Listing schedule:
1. Transfer-only mode [July 19]:: Deposits and withdrawals open but trading is not enabled yet.
2. Post-only mode [July 22 at 8:00 AM UTC]: You will be able to place and cancel limit orders, but they will not be matched. Therefore, no orders will actually be completed during this stage.
3. Limit-only mode [July 22 at 12:00 AM UTC]: Order matching will start and trades will be executed normally. However, only limit orders will be available.
4. Full trading: Once the order books gather sufficient liquidity, we will enable all order types and card purchases for the new trading pairs as well.
ABOUT Tether
Tether is a cryptocurrency with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Tether Limited formerly falsely claimed that each token was backed by one United States dollar, but on 14 March 2019 changed the backing to include loans to affiliate companies.
ABOUT EURt
EURT, is a “euro-coin” that is tradeable and transferable over the Bitcoin blockchain.
RESOURCES
Bitstamp Blog
