what's Tether EURt?
Tether EURt is a stablecoin issued by Tether Limited, pegged 1:1 to the Euro (EUR). It provides a digital representation of the euro on blockchain networks such as Ethereum and Tron, enabling stable value transfer, trading, and use in decentralized finance (DeFi) protocols without the volatility of other cryptocurrencies. Backed by euro-denominated reserves including cash and cash equivalents, EURt maintains its peg through Tether's redemption mechanism and periodic attestations. It integrates with exchanges like Bitstamp and DeFi platforms like Curve Finance, offering European users efficient exposure to crypto markets while bridging traditional finance and blockchain.
OKX and Tether offer 4% USAT deposit match for US users depositing $10+.
OKX offers a 4% deposit match paid in USAT for US users depositing $10 or more in collaboration with Tether.
Tether winds down EURt stablecoin operations, attributing the decision to lack of suitable regulatory framework in Europe.