[Tether] Launches EURT Token

[Rick Nolan]

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

[coinmgnet]

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?

[Alpha0One1]

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? 

[qazgroup]

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.