The SwissBorg platform has quietly launched a stable €uro corner. European users can now exchange deposited euros directly, without being exposed to fluctuations in the euro-dollar exchange rate.
Like its dollar counterpart, Tether Euros (EURT) bridges the gap between fiat currency and the Bitcoin blockchain, and allows for SEPA transfers and trading of EURT/USDT pairs.
Tether currencies are issued using the Omni Layer protocol, which, like the Bitcoin blockchain itself, is fully decentralised and allows for low-cost trading directly on the blockchain, without intermediaries.
This is a revolution that users and the SwissBorg community have been waiting for as it is now the easiest way to move your Fiat or cryptos to a stablecoin backed by the €uro. It is also the cheapest way to move digital assets valued in USD into Euros. EUR Tethers can be deposited and withdrawn on SwissBorg.
Will Tether's EURT stablecoin win over users?
By using EURT, you will have a good chance of eliminating volatility between currencies as no USDT intermediary is needed. You can also avoid any potential loss of purchasing power if the euro loses strength against the dollar.
It has been several years since the company Tether launched EURT, but unfortunately it has not been as popular as USDT. This may change with the listing of EURT on SwissBorg. This will benefit the 300,000 users in the Eurozone that the platform has.
If you want to benefit from the advantages of EURT via SwissBorg, install the application quickly if you haven't already done so. By investing your €uro currency in EURT in the Yield program, you will benefit from much more interesting interest than on your Livret A.
BUT WHY BUY STABLECOINS?
Cryptocurrencies are more or less volatile assets. In some cases, variations can reach several percent in a single day. I remind you of the link between liquidity, volatility and crypto assets.
The interest of stablecoins is to be based on the Blockchain and on a traditional asset to ensure a very low volatility. The interest of stablecoins is therefore twofold, ensuring liquidity and low volatility in the portfolio and having flexibility in use.
Stablecoins are particularly useful in the overall market environment. Indeed, stablecoins are very useful to optimize correction periods, it is an implicit way to diversify your crypto assets and to speculate on exchange rate movements.
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