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Tether EURt


9/28/2022, 6:44:22 AM

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Tether EURt is on the decline this week.

The price of Tether EURt has fallen by 3.14% in the past 7 days. The price declined by 0.50% in the last 24 hours. In just the past hour, the price shrunk by 0.12%. The current price is $0.961595 per EURT. Tether EURt is 39.52% below the all time high of $1.59.

The current circulating supply is 0 EURT.


Tether EURt (EURT)

What IsTether EURt (EURT)?

Tether EURt (EURT) is a blockchain-driven decentralized platform that has pioneered the stablecoin concepts in the digital asset space. The platform is designed with a vision to simplify the use of traditional currencies in a digital space. The platform uses a modern approach to switch up the conventional finance system. Tether seeks to empower users with the ability to conduct transactions using traditional currencies across multiple blockchains. As its website mentions, Tether uses stablecoins to support and enhance ventures in the blockchain space. 

According to its whitepaper, Tether EURt is an asset-backed cryptocurrency operating on the Bitcoin blockchain. Cryptocurrencies facilitate borderless transactions, trustless ownership, anonymity, and freedom from the centralized banking system. However, the inadequate understanding of cryptocurrencies and volatile price swings of crypto-assets continue to stand out as significant problems. Therefore, the platform brings into play cryptocurrencies called ‘Tethers’ that are pegged or secured using traditional currencies. Tether EURt implements the ‘Omni Layer Protocol’ to launch the crypto-tokens on the Bitcoin blockchain. Omni Layer is a platform supporting the creation and trading of custom digital currencies. Every token in circulation is secured to a corresponding traditional currency in a one-to-one ratio. For example, one Tether EURT is equal to one EURO. The traditional currency here is securely kept as reserves by Tether Limited, a company based in Hong Kong. 

Tether EURt enables users to transfer the tokens, store the Tethers, and trade the tokens like any other cryptocurrencies. As the whitepaper highlights, Tether EURt provides traders and users with a few advantages. 

  • The cryptocurrency or Tether runs on a secure and decentralized Bitcoin blockchain instead of centralized closed-source software.

  • Tethers function as secure digital assets since the tokens are cryptographically protected.

  • The crypto-token inherits the Omni Layer Protocol features that operate as an open-source DEX or decentralized exchange on the browser.

  • Users can pair Tethers to wallets, exchanges, and merchants, just like Bitcoin.

  • The platform ensures no liquidity restrictions. Hence, users can issue, redeem, and trade as many Tethers they wish by paying low transaction fees.

  • Tethers are secure from market risks like liquidity shortages.

Tether EURt implements Proof of Reserves (PoR) to ensure users that equal amounts of traditional currency always secure the tokens in circulation. Proof of Reserves is defined as an independent audit that proves that the decentralized digital tokens in circulation are 100 percent backed by a reserve of underlying assets.

History of Tether EURt (EURT):

A group of Bitcoin enthusiasts created Tether in 2014. JL Van de Velde serves as the CEO of the Tether decentralized platform.

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What is the current price of Tether EURt?

The price of 1 Tether EURt currently costs $0.96.

What is the market cap of Tether EURt?

The current market cap of Tether EURt is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Tether EURt?

The all-time high of Tether EURt is $1.59. This all-time high is highest price paid for Tether EURt since it was launched.

What is the 24 hour trading volume of Tether EURt?

Over the last 24 hours, the trading volume of Tether EURt is $233.60K.

What other assets are similar to Tether EURt?

Assets that have a similar market cap to Tether EURt include Wizards And Dragons, Fitmint, Dabb Doge, and many others. To see a full list, see our comparable market cap assets.

How many Tether EURt are there?

The current circulating supply of Tether EURt is 0.

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