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Bitstamp to launch Euro-backed Tether stablecoin

Bitstamp to launch Euro-backed Tether stablecoin

Luxembourg-based crypto exchange Bitstamp is planning to launch the first euro-pegged stablecoin. The company stated it intends to provide a “liquid, stable and trusted means of obtaining exposure to the single European currency”. EURt will, therefore, enable Bitstamp customers to deposit euro (EUR) and swap, transfer or trade it to a stablecoin while keeping the same value without losing funds on Forex volatility.








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