Reddit Posts
Tether Announces Expansion of Euro EURT, XAUT on ‘World’s First Social Infused Exchange
I'm looking for a properly audited Euro stablecoin and I found EURS by Statis, thoughts ?
Tether launches new stablecoin MXNT…
What stablecoins are available that are not USD related?
Mentions
EURT didbt take off, others wont either.
There already is one from Tether Group. EURT https://www.coingecko.com/en/coins/euro-tether
tldr; Bitfinex has launched a peer-to-peer exchange for users in Argentina, Colombia and Venezuela, offering a reliable and efficient platform for P2P token trading. Users can buy and sell bitcoin, ether, USDT, EURT and Tether Gold. The move could help fill a hole left by the closures of P2P exchanges LocalBitcoin in February and Paxful in April. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
EUROC from Circle and EURT from Tether, hold both of them. They’re supported only on ETH main net as far as I know, fees are not going to be cheap.
Honestly, id like to see tether's USDT give way to its EURT (I'm pronouncing this like 'yurt')
There's EURT, EURC, EURS, but like USDC and USDT, they also can blacklist accounts.
There already is EURT by Tether, this one in the article is for institutional investors only.
I'm not a believer that USD is going to collapse, not it the catastrophic way people on reddit seem to think, but given the constant attacks on crypto from the US administration, we should be doing our best to make USD irrelevant (or at least, less relevant) for countries where US dollars are not the native currency (i.e. everyone bar the 337.5 million in the USA). We need more diverse stable-coins pegged to a number of currencies from countries where crypto is becoming better adopted. Liquidity is always the problem, but over-collateralised coins with a smart treasury protocol, like [Mento](https://reserve.mento.org/) on the CELO chain (which currently supports cUSD, cEUR and cREAL) could be the solution. DAI could easily launch a such a coin, and Circle already has a EUROC coin, which has recently listed on Coinbase, and Tether has EURT, but I'm not sure how may pairs outside USDC/T you can trade these against, and where, and obviously that's where the utility is.
There are already many stablecoins pegged to EUR. I think they will be adopted more and more in the next months: \- EURT from Tether (400m), \- PAR from Mimo Capital (6.2m), \- EURS from Stasis (124m), \- jEUR from Jarvis (79k), \- sEUR from Synthetix (5.6m), \- EURL from Lugh (5k), \- agEUR from Angle Money (50.2m).
But I buy USDT to make profit against EURT, and there was trillions in <= 0% yielding bonds in the last couple years. Profit is relative. People hold AAA 0% debt to avoid loss of capital, which is arguably profitable.
USDT moves a lot more than than .001 against EURT every day... No one is trading USDT against USD, they're trading it against other currencies.
Same reason they also have a EURT
Are you saying you wouldn't prefer Tether's EURT? /s
I definitely hope that the limitation will not be adopted. Even if it is, I hope that Tether's version of EUR stablecoin (EURT) will not become the most prevalent option. I'd prefer e.g. Circle's EUROC.
I suppose EURT will effectively replace it if this text is adopted as written (unlikely). This will mean an extra step if wanting to buy USD(T) by going through an American exchange or buying real USD.
Just not remotely true. Some of these “boxes” actually do things. Yes, SBFs box was a Ponzi, Do Kwons box was a Ponzi, but to say all of DeFi is a Ponzi is just a ridiculous take. Just like ETFs, brokerages, and yes even CEX, some of these “boxes” charge real tangible fees for using them. If you are going to call uniswap a Ponzi you have ZERO clue what you are talking about and it’s legitimately like going to a fund manager and saying “man that’s such a cool Ponzi box you have there” except replace the expense ration and fund manager with a smart contract that holds funds and charges fees for extracting funds. Now if you want to call farming tokens not backed by yield from the swaps Ponzis then you have a point. But if you look into some of the top DEXs they don’t operate that way. Forex must be a Ponzi since USDT/EURT and USDC/EURS smart contracts that charge fees for using them exists. They literally do the same thing except one settles on a decentralized ledger while another settles on a centralized one. When you actually look into these things it’s ridiculous the comments you read here. Some of you guys have the most ridiculous hot takes and it shows.
Well, it is about time that EUR based stablecoins are released because EUR wants to force exchanges to only allow them. BEUR, EUROC and maybe EURT.
I heard that Europe wants to force exchanges to have a BEUR or EURT or whatever. Clearly that is a move to promote their shitcoin. I only hope that their limits fits my necessities at least even if I don't like it, they will force me to use it for being a European citizen...
This is where stablecoins will be very important. BUSD, USDC, USDT, EEUR, EURT. There's a $20 limit on international payments with our local debit card. This has been dropping consistently for a few years now. I won't have to worry about this with crypto. I've even resorted to sending stablecoins just to get people used to it, now my sister who never owned any cryptocurrency is a big fan of me sending her EEUR rather than me resorting to black market and losing some value to exchange differences. With this in mind, I'm bullish on stablecoin issuing projects with tokens.
EURT (the Euro Tether) is not even pegged to the euro. What a garbage.
They want to promote their CBDC, I cant blame them. BEUR, EURC and the hated EURT incoming.
Yes, they want us to use EUR CBDC. I am not against of using BEUR or EURC but never EURT.
tldr; Tether is expanding its stablecoin offering into the UK. The company will work with UK authorities to create a new digital asset called GBPT that will seek parity with the Pound Sterling. GBPT will be the company’s fifth stablecoin, following USDT, EURT, CNHT, MXNT, and MXNT. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Tether has announced that it will be launching a new stablecoin pegged to the price of the British Pound Sterling. It will be Thether’s 5th stablecoin product alongside USDT, EURT, CNHT, MXNT and MXNT. The stablecoin will launch in early July and the Initial blockchain support will include Ethereum. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Circle CEO Jeremy Allaire has announced the launch of a new stablecoin pegged to the value of the euro (EUR). The new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” It follows Tether, which introduced a euro stablecoin called EURT in August 2016. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Can I have some EURT please?
They already had EURT (euro) and XAUT (gold)
tldr; Tether has launched a new stablecoin pegged to the Mexican peso. The token will be available on the Tron and Polygon networks. It will join Tether's stablecoin roster that includes dollar-pegged USDT, Euro- pegged EURT and Chinese Yuan-pegging CNHT. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Didn’t know they had Euro Theter. Where can I find EURT? Is it even used?
tldr; Tether has launched MXNT, a new stablecoin pegged 1:1 to the Mexican peso. MXNT will be available on the Ethereum, Tron and Polygon blockchains. This is Tether's fourth fiat-pegged stablecoin, after USDT, EURT and CNHT. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Not only crypto follows cycles, but the whole economy. As you said, to accumulate during periods of fear is the way to go just like that phrase: "Buy when there's blood in the streets, even if the blood is your own". My strategy is based upon TAA and one of my portfolios is only for protection. This refers to alts like YLD, NEXO and CHSB that can give me passive rewards on my positions that are used to rebalance my main altcoin portfolio. Positions like ETH/BTC are in YLD, EURx in NEXO and EURT in SwBorg. I'm earning enough passive rewards to DCA projects that are a huge bargain now like AAVE and DOT.
Post is by: Epohax and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/sma8x0/what_stablecoins_are_available_that_are_not_usd/ This is not a USD hate thread (however, I'm not stopping you, go wild in the comments :D) but as an EU citizen, I'm wondering if there are reputable stablecoins that can be used that are not related to or pegged to the USD? We all know the coins like UST, USDT, USDC, ... How about for the EUR? If I search around I can find coins like EURS (Status Euro) or EURT (... Tether), CEUR (Celo EUR) - but is anyone actively using this? I am asking because it might not be a good idea to keep large sums in USD-related stablecoins if you do not live in an area where the USD is actually used. Any thoughts or insight please? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
I posted this in another comment chain but I believe anybody who is even slightly involved in Crypto should give Tether's terms of service a read. It's... interesting. They **explicitly** waive their own liability in redeeming tethers for USD in their terms of service in case something bad happens. They also state you have to be a "verified customer" of Tether for redemptions, whatever that means. In effect they have given themselves permission to go "oops can't pay you back bro SFYL lmao" > About Tether Tokens; General Restrictions: Tether issues and redeems Tether Tokens. Tether Tokens may be used, kept, or exchanged online wherever parties are willing to accept Tether Tokens. Tether Tokens are 100% backed by by Tether’s Reserves. Tether Tokens are denominated in a range of Fiat. For example, if you purchase EURT, your Tether Tokens are 1-to-1 pegged to Euros. If you cause to be issued EURT 100.00, Tether holds Reserves valued at €100.00 to back those Tether Tokens. The composition of the Reserves used to back Tether Tokens is within the sole control and at the sole and absolute discretion of Tether. Tether Tokens are backed by Tether’s Reserves, including Fiat, but Tether Tokens are not Fiat themselves. Tether will not issue Tether Tokens for consideration consisting of the Digital Tokens (for example, bitcoin); only money will be accepted upon issuance. In order to cause Tether Tokens to be issued or redeemed directly by Tether, you must be a verified customer of Tether. No exceptions will be made to this provision. The right to have Tether Tokens redeemed or issued is a contractual right personal to you. Tether reserves the right to delay the redemption or withdrawal of Tether Tokens if such delay is necessitated by the illiquidity or unavailability or loss of any Reserves held by Tether to back the Tether Tokens, and Tether reserves the right to redeem Tether Tokens by in-kind redemptions of securities and other assets held in the Reserves. Tether makes no representations or warranties about whether Tether Tokens that may be traded on the Site may be traded on the Site at any point in the future, if at all. https://tether.to/legal/
There are several, like EURT (Tether). Just Google
Concerning smart contracts, in the meanwhile we have come to understand that **scriptless scripts** primarily by using **adapter signatures** is a superior approach to using blockchain scripts for the implementation of smart contracts. Hence, the Bitcoin taproot rollout with full support for Schnorr signatures. Smart contracts can do things that no other technology can even dream of; even otherwise seemingly simple things. For example, you cannot swap USD for EUR online without using an intermediary. However, you can certainly do that without intermediaries by using atomic swaps between USDT and EURT. Now, in this example, the question arises: Is it a worthwhile goal to eliminate payment and contract-execution intermediaries? That depends on who you are and what you want to do. We have a gigantic customer base who would love to trade and make payments without using unnecessary intermediaries. Hence, we satisfy an incredibly large demand with our technology and related services. Since we make money from what we do, and since our customers are happily satisfied, why wouldn't we do it? In fact, we do not care if someone does not want to use our technology because there are enough people who do. Someone who prefers centralization and intermediaries should use that instead. In the end, it is a free world.
tldr; Ledger is the latest crypto wallet company to launch a debit card that connects directly with a crypto wallet. The card will be available in the UK, France and Germany in the first quarter of 2022. Users will be able to top up from the Ledger Live app with BTC, ETH, USDT, EURT, USDC, XRP, BXX, BCH or LTC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
TLDR: - Ledger’s debit card has been designed with Baanx and will be available in the U.K., France and Germany Q1 of 2022 and U.S. in Q2 2022. - After receiving your card, you’ll be able to top it up from the Ledger Live app with BTC, ETH, USDT, EURT, USDC, XRP, BXX, BCH or LTC. When you use your card for a transaction, cryptocurrencies are instantly converted to the fiat amount at the time of purchase. - Cardholders will also be able to receive their paychecks into their card account directly. They’ll be able to convert a percentage of their paycheck into BTC and ETH every time they get paid. - Ledger users who want to keep most of their wealth in crypto assets will be able to open a line of credit to get cash on the card. For that feature, you have to deposit a certain cryptocurrency amount as collateral.
But please, not EURT (tether)
Except that There is a EURT already :)
There is a EURT, nobody uses it though