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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Rick Nolan on January 08, 2018, 08:32:08 AM



Title: [Tether] Launches EURT Token
Post by: Rick Nolan on January 08, 2018, 08:32:08 AM
Tether, creator of a USDT token, has announced the creation of a euro tether (EURT) that is issued over the Ethereum blockchain and will be compatible with the ERC20 standard.     

According to the company, the Ethereum-based tether allows for tokenized USD and EUR to be transferred over the Ethereum network. This enables compatibility with Ethereum-based protocols and Decentralised Applications (DApps) whilst allowing users to transact and exchange fiat pegged currencies across the Ethereum Network.

Source: https://hype.codes/tether-launches-eurt-token


Title: Re: [Tether] Launches EURT Token
Post by: coinmgnet on January 08, 2018, 08:33:38 AM
Tether, creator of a USDT token, has announced the creation of a euro tether (EURT) that is issued over the Ethereum blockchain and will be compatible with the ERC20 standard.     

According to the company, the Ethereum-based tether allows for tokenized USD and EUR to be transferred over the Ethereum network. This enables compatibility with Ethereum-based protocols and Decentralised Applications (DApps) whilst allowing users to transact and exchange fiat pegged currencies across the Ethereum Network.

Source: https://hype.codes/tether-launches-eurt-token

What's the point? After all they will keep it's value fixed to 1, people could simply use USDT, what would be the diffference, just the name?


Title: Re: [Tether] Launches EURT Token
Post by: Alpha0One1 on January 08, 2018, 08:52:14 AM
Tether, creator of a USDT token, has announced the creation of a euro tether (EURT) that is issued over the Ethereum blockchain and will be compatible with the ERC20 standard.     

According to the company, the Ethereum-based tether allows for tokenized USD and EUR to be transferred over the Ethereum network. This enables compatibility with Ethereum-based protocols and Decentralised Applications (DApps) whilst allowing users to transact and exchange fiat pegged currencies across the Ethereum Network.

Source: https://hype.codes/tether-launches-eurt-token

Probably for the ease of use of our European crypto counterparts. Only question is do they have enough fiat reserves to back the EURT that they'll create?  ???


Title: Re: [Tether] Launches EURT Token
Post by: qazgroup on January 08, 2018, 09:05:55 AM
That is great news and will prove good utility for European region crypto community, the company however need to improve the security and make the business more transparent.