The oldest European cryptocurrency exchange, Bitstamp, began accepting deposits for Tether’s EURt stablecoin, fully backed 1:1 by euros, amid strong client demand.
We’re bringing $EURt to Bitstamp! Stablecoins have recorded impressive growth of 300% so far this year, rising to a market cap of over $110B. Excited by the possibilities, we want to help pioneer the adoption of the first EUR-pegged stablecoin. https://t.co/K6sKNmVY9p
— Bitstamp (@Bitstamp) July 21, 2021
The exchange will list EURt/EUR and EURt/USD pairs.
“Access to EURt will save euro-area customers time and money without loss of their purchasing power,”— said Bitstamp’s head of product, Michael Widmar.
European users will be able to trade, deposit and transfer funds without needing to use USD-pegged stablecoins.
Bitstamp has introduced a 90% discount on trading fees for EURt trades and other fiat-stablecoin pairs through the end of the year.
On July 21, Bitstamp also заявила about the appointment of Robert Zagotta as head of the U.S. unit. Previously, for three years the executive held the post of Chief Commercial Officer at Kraken, and before that — CEO of CME Group.
In May, Bitstamp announced its intention to strengthen its presence in the American market.
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