• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
The launch of Euro Tether on Bitunix is imminent

The launch of Euro Tether on Bitunix is imminent

user avatar

by Max Nevskyi

a year ago


Tether, the organization responsible for the widely-used USDT stablecoin, has announced its plans to introduce a cryptocurrency pegged to the euro on Bitunix, a newly-established digital asset exchange with a focus on the European market.

In a recent Twitter announcement, Tether revealed its upcoming launch of Euro Tether (EUR₮) on the Bitunix platform. This move signifies Tether's expansion beyond its flagship USDT stablecoin, venturing into the realm of fiat-pegged digital currencies.

Tether, in essence, issues blockchain-based tokens that maintain a value equal to traditional currencies like the US dollar. USDT, the USD-backed token, is currently the most prevalent stablecoin within the cryptocurrency markets. Tether's overarching goal is to provide the stability of fiat currencies along with the agility and efficiency inherent to cryptocurrencies.

The company has progressively introduced stablecoins linked to various global currencies. In addition to USDT, it currently offers tokens pegged to the Euro, Chinese Yuan, and Mexican Peso. The introduction of EUR₮ will be its latest addition to this lineup of currency-backed stablecoins.

Bitunix, on the other hand, is a newly-established cryptocurrency exchange that specifically targets the European market. Headquartered in Estonia, this exchange aims to provide a wide array of trading options for European cryptocurrency investors.

Despite its recent inception, Bitunix has rapidly expanded its selection of supported coins and is now set to integrate Tether's EUR₮.

The launch of EUR₮ on Bitunix is expected to enhance the exchange's offerings for European traders. Euro-pegged stablecoins like EUR₮ offer cryptocurrency holders a means to hedge against market volatility while remaining within the cryptocurrency ecosystem.

The presence of a stable asset linked to the Euro could significantly boost Bitunix's appeal among regional traders who predominantly use euros. Moreover, the availability of EUR₮ is likely to streamline the process of transferring funds to the exchange for European users.

This integration underscores Tether's ongoing efforts to make its stablecoins accessible across various exchanges and blockchain networks. As the most widely adopted stablecoin, the success of USDT has demonstrated the substantial demand among cryptocurrency investors for assets that provide stability. For both Tether and Bitunix, the introduction of Euro Tether presents opportunities for expanded market reach.

0

Share

Other news

Top Meme Coins for Investment in 2025: Arctic Pablo Coin, Banana for Scale, and Dogecoin

An exploration of three meme coins making waves in the crypto space: Arctic Pablo Coin, Banana for Scale, and Dogecoin.

user avatarGiorgi Kostiuk

a few seconds ago

Base Moves Towards Decentralization in the Ethereum Ecosystem

Base network, backed by Coinbase, announced its achievement of Stage 1 decentralization, enhancing reliability and security.

user avatarGiorgi Kostiuk

a minute ago

Launch of Doodles Token Airdrop on Binance: Date and Details

Binance announced airdrop of Doodles token for NFT holders, trading is set to begin on May 9, 2025.

user avatarGiorgi Kostiuk

12 minutes ago

Ethereum and XRP: Analyzing Current Trends and Innovations from Unstaked

Ethereum reaches $1,820, XRP expects growth to $27. Unstaked is changing approaches to AI evaluation in Web3.

user avatarGiorgi Kostiuk

17 minutes ago

High-Potential Cryptos: BlockDAG, Bitcoin, LINK, and SHIB

An overview of four high-potential cryptocurrencies: BlockDAG, Bitcoin, Chainlink, and Shiba Inu.

user avatarGiorgi Kostiuk

17 minutes ago

Cryptocurrencies of 2025: BlockDAG, Bitcoin, Pepe, and Ondo – Strong Contenders

An overview of four cryptocurrencies that could break through in 2025: BlockDAG, Bitcoin, Pepe, and Ondo Finance.

user avatarGiorgi Kostiuk

18 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.