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Tiny Euro-Pegged Stablecoin [AEUR] Surges 200% on Binance Before Exchange Halts Trading Due to 'Abnormal Volatility'
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Anyone noticed how AEUR deppeged? I've bought some at 0.8 and waiting on it to repeg, solid 25% move
I saw the euro gained some % lately vs dollar so I am storing my stables in AEUR on Binance!
Regular SEPA. My 4 deposit options for EUR are: Bank transfer (SEPA) - 1 EUR fee Bank transfer (SEPA by Paymonade) - 0.5 EUR fee, credited as USDT Bank transfer (SEPA) - 0.5 EUR fee, credited as AEUR Bank card (VISA) - 2% fee
All I know is that liquidity on Binance is very poor (AEUR/USDT).
0.1% usually. Also they are running some promotions, for example currently EUR/AEUR and BTC/AUER pairs have 0% fees, so if you are using euros, going that route is feeless.
tldr; The Euro-pegged stablecoin AEUR surged nearly 200% on Binance, reaching a high of $3.25 before trading was halted due to "abnormal volatility." The token, supposedly pegged to 1 euro, is issued by Anchored Coins and backed by euro fiat assets with a market capitalization of $5 million. The reason for the surge is unclear, but the event highlights the vulnerability of stablecoins to price manipulation and de-pegging on exchanges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.