The Anchored Coins EUR stablecoin (AEUR) was listed on a cryptocurrency exchange on December 4, 2023. This euro-linked stable token generated significant interest, and its value rose by 200% the next day, reaching $3.25 on December 5. In response to this price surge, Binance decided to temporarily delist AEUR, and affected users were to receive compensation. On December 8, Friday, Binance announced the resumption of AEUR trading.
According to the official announcement, Binance resumed spot trading with AEUR in AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR pairs on December 8 at 14:00 UTC. Prior to the resumption of trading on Binance, the price of AEUR on Coingecko was $1.09, having risen 17% in a day. On the Bitget exchange, the asset was valued at $2.5.
AEUR, a stablecoin from Anchored Coins, was developed as an alternative for cryptocurrency investors seeking stability. It was intended to be backed by physical assets in euros stored in Swiss banks and issued on the Ethereum and BNB Chain blockchains.
Binance also announced its intention to waive fees for transactions with ETH, XRP, DOGE, and other popular coins in pairs with the First Digital USD (FDUSD) stablecoin for an indefinite period.
