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Tether EUR

Tether EUR (EURT)

$ 0.05
Main info
News
Comments
Markets
Analytics
Market cap
$222.66K
Volume (24h)
$1.52
Circulating supply
36,387,340 EURT
Total supply
50,000,050 EURT
Max. supply
400,000,050 EURT

About Tether EUR

Modernizing Financial Systems

Tether is working tirelessly to disrupt the legacy financial system through a more modern approach to money. As the first platform to facilitate the transfer of fiat backed currencies over a blockchain network, Tether has made headway by giving customers the ability to transfer value across the blockchain without the inherent volatility and complexity typically associated with a digital currency.

Ethereum-Based Tether Launch

Following the widespread success of our Bitcoin-based USD Tether, issued via the Omni Layer Protocol, we have today launched and issued both US Dollars and Euros as Ethereum-based Tether, compatible with the ERC20 standard. The Ethereum-based Tether allows for tokenized USD and EUR to be transferred over the Ethereum network. This enables interoperability with Ethereum-based protocols and Decentralised Applications (DApps) whilst allowing users to transact and exchange fiat pegged currencies across the Ethereum Network.

The ERC20 Tether will have much lower network transaction fees and much faster confirmation times (15-30 seconds) compared with Tether on Omni.

This will facilitate more efficient exchange arbitrage, and several partner exchanges are already working to integrate the new tokens.

Blockchain Mainstream Adoption

Many Ethereum projects are building technologies envisioned to assist in moving blockchains ever closer to mainstream adoption through the revolutionization of the conservative financial world. A key element in this progression involves the development of currencies with lower inherent volatility whilst simultaneously allowing for applications which interface with the real world to, for example, pay bills, fund charities and pay salaries.

We hope these new products will act as a crucial piece of public infrastructure for the Ethereum community and associated DApps. We are excited about the possibilities this will enable for projects in the Ethereum ecosystem, and we look forward to working closely with many of them in the future and seeing new use cases for ERC20 Tether.

Key data

updated $0
Market cap$222.66K
Volume 24h$1.52
Circulating supply36.39M9% of max 400M
All-time high$1.31-96% from peak · 2021-09-01

Tether EUR (ticker EURT) is a stablecoin issued by Tether, the same company behind the well-known USDT. Each EURT token is designed to be pegged to the euro, meaning one token is intended to represent one euro in value. It lives on Ethereum as an ERC-20 token, letting people move euro-denominated value around the blockchain quickly and cheaply.

Frequently asked questions

What is EURT and how is it different from USDT?

EURT is Tether's euro-backed stablecoin, while USDT is pegged to the US dollar. Both are issued by the same company and work similarly — the difference is simply the currency they track. If you want euro exposure on-chain without a bank, EURT is the tool for that.

How does EURT work technically?

EURT runs on the Ethereum blockchain as an ERC-20 token, using the standard smart contract at 0xabdf147870235fcfc34153828c769a70b3fae01f. That means it benefits from Ethereum's security and consensus mechanism, and it works with any wallet or app that supports ERC-20 tokens. Transfers settle like any other Ethereum token, in minutes and for a gas fee.

How is EURT issued and redeemed?

Tether mints new EURT tokens when customers deposit euros with the company, and burns tokens when they redeem them back to euros. In theory, this keeps the token supply matched to reserves held by the issuer. Like all stablecoins, its peg depends on the issuer maintaining those reserves.

How can I store and use EURT?

Since it's an ERC-20 token, any Ethereum-compatible wallet works — MetaMask, hardware wallets like Ledger, or exchange wallets. People typically use it to hold euro value on-chain, transfer money across borders, or trade against other cryptocurrencies. You can find official details and redemption info at tether.to.