The Number of Euro-Pegged Stablecoins Has Swelled 1,683% Since 2020

The Number of Euro-Pegged Stablecoins Has Swelled 1,683% Since 2020While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from January 2022 to today, euro stablecoin numbers dropped 14.17% during the […]

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Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most Staff

Exchanges Roundup: Coinbase Volumes Hit 1-Year Low, UK Exchange to Fire Most of StaffRecent updates show that with the cryptocurrency markets performing far from how they did a year ago, some exchanges have failed to adapt to the current situation. For example, one U.K. firm is reportedly set to fire most of its employees. Yet other exchanges are still going strong, breaking into new territories and adding new […]

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The Daily: Coinbase Introduces GBP Pairs, Hitbtc Adds EURS, Bitpanda Offers EOS

The Daily: Coinbase Introduces GBP Pairs, Hitbtc Adds EURS, Bitpanda Offers EOSIn today’s Bitcoin in Brief, we cover several decisions made by leading cryptocurrency exchanges regarding new trading options offered to clients. UK customers of Coinbase will be able to purchase cryptocurrencies with British pounds, Hitbtc has added support for the new euro-pegged stablecoin, EURS, and European exchange Bitpanda offers EOS. Also in The Daily, US […]

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Malta-Based Company Launches New Euro Backed Stablecoin, EURS

Malta-Based Company Launches New Euro Backed Stablecoin, EURSWith all the controversy and mistrust surrounding Tether (USDT) it’s no surprise that a multitude of new alternatives have popped up recently. The latest example is from Malta where a company seeking a local crypto license has launched a Euro-backed stablecoin, EURS. Also Read: Opera Browser Introduces a Built-in Cryptocurrency Wallet Stasis Launches EURS Stasis, […]

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What Is EURS Cryptocurrency?

TheMerkle EURS StablecoinStablecoins are an interesting addition to the world of digital currencies. These coins usually have their values pegged to tangible assets, such as natural reserves or fiat currencies. STASIS is now in the process of creating EURS, which is a stablecoin pegged to the euro. It’s an interesting idea, assuming there is a market for it in the first place. EURS Will be Introduced in June For those unfamiliar with STASIS, it is a fully compliant blockchain platform capable of tokenizing any existing asset. The firm specializes in free monetary flow between off-chain and on-chain digital assets. As one would expect,

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