Good day everybody,
Welcome to CryptoGod-1's blog on all things crypto. In this post I will be looking at the recent announcement from Binance that they will be listing the stablecoin anchored coin EUR in trading pairs AEUR/USDT, BTC/AEUR, ETH/AEUR and EUR/AEUR. This will of course be huge and welcomed news for all of us who operate on Binance from within the European Union, as no longer should converting to United State Dollars (USDT) be a requirement.
Binance AEUR
In a blog post on the 4th of December 2023 Binance made the announcement that AEUR will be listed and open trading for new spot trading pairs on the 12th of December 2023 from 10.00 UTC. To celebrate this announcement the exchange is introducing two zero fee promotions for AEUR spot trading pairs. The new spot trading pairs will be:
- AEUR/USDT
- BTC/AEUR
- ETH/AEUR
- EUR/AEUR
Withdrawals will be open for AEUR from the 12th of December 2023 at 10.00 UTC and there will be a zero maker fee for all AEUR spot trading pairs during the promotion period. The promotion period has no end date (for now) meaning the benefits will be huge for all AEUR traders. all users will be eligible to enjoy the zero maker fees, as shown in the table below.
The stablecoin AEUR is an Euro-backed stablecoin and payment token issued by Anchored Coins AG. It offers an alternative and much need solution for crypto users who look to maintain stability in their investments and transactions by not needing to convert or make use of a dollar backed stablecoin. As per their whitepaper, AEUR will be issued by Anchored Coins who in turn will ensure the overall market capitalization and number in circulation will be present on their website and updated regularly. They will also have a guarantee amount available on the respective website of the bank(s) involved.
Issued natively on the Ethereum and BNB Chain, the plan is for AEUR to be supported on more blockchains down the line. Each AEUR confers a 1:1 redemption claim against the Issuer, backed by EUR held in the appointed reserve bank. This is done to provide a reliable means of transacting and storing value while also aiming to mitigate any of the risks associated with price volatility.
The independent third parties such as Prescient Assurance will be auditing AEUR's reserve account and will attestation reports to be publicly shared periodically. The official website is available at Anchored Coins for the latest reserve details.
Have a great day.
Peace. CryptoGod-1.
Referral Links and Follow Me:
