Euro Tether (EURT) Review (7.33/10⭐)



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The EUR Tether is a form of stablecoin tied to the Euro, hence the term Euro Tether. It functions the same as other stablecoins, such as the USD based Tether (USDT), which is from the same group. Tether has been criticised by people from the U.S congress, calling it a time bomb. It's therefore worth to be a bit extra careful with EURT and USDT until the U.S decided on how to regulate the most risky stablecoins. While the concept with a Euro based stablecoin sounds great, the lack of details about how EURT is backed up might hunt investors.
EURTUSD (-0.72%)
$1.0359
November 29, 2022, 2:31 pm [UTC]

7.33 rating

Visitor Consensus on Euro Tether Today
Positive: 53.13%Negative: 46.87%
What's your view on Euro Tether today?
 
›› Buy/Sell Euro Tether here

 

Many europeans have waited for the EUR Tether (EURT) to go live and since 2018 it's possible to trade this euro pegged stablecoin on multiple exchanges and platforms.

 

A Bit About Euro Tether

The EUR Tether (EURT) is tied to the Euro (EUR), which means that 1 Euro equals 1 EURT. This stablecoin is backed by token reserves, and operate with the owners Bitfinex. Many crypto entusiasts have raised concerns about systematic risks to the crypto market for Tether and Euro Tether, including Jim Cramer, Bennett Tomlin, Cas Piancey and the blog named Bitfinex’ed. Recently, republican Warren Davidson said that USDT is a time bomb, and if that's the case, the same might be true for EURT.

The Euro-based stablecoins from Tether.CryptoLists.com
 

EUR Tether is a less well known stablecoin that is tied to the Euro. Tether Operations Limited was formed in 2014 by people that wanted a stable currency such as the USD to be available on the blockchain. The main motive for EURT is getting an alternative to the USD, and the second biggest currency by trading volume is a natural choice for many in Europe at least.

 

Utility of Euro Tether?

Holders use EUR Tether to make transactions between wallets and as a safe heaven when the market is volatile.

Euro Tether Price details

ERC20 Contract address: 0xc581b735a1688071a1746c968e0798d642ede491
›› Details & Tokenomics



Very speculative and theoretical potential data
Last updated: November 29, 2022, 1:00 pm
›› EURT tokenomics and social media
 

Advantages of Euro Tether

+ Creation of a single digital currency for the European countries.
+ An alternative for Europeans that prefer a Euro denominated crypto.
+ Up to 8% yield.
 

Disadvantages

- Some people and governments questions if it's fully backed by EUR.
- Regulation for stablecoins might be introduced in the U.S within short
- Lack of details about how EURT is backed up.
 

Costs

▪ Rated at 8/10

The price of EURT was designed to be flat and easily pegged with the Euro currency. For transactions on the ERC-20 blockchain, you usually have to pay 50-100 USD per transaction since the fees are rather high on Ethereum right now. However, when buying from an exchange or crypto platform the fees are usually in the region of 1 USD per transaction or less.


Crypto Lists Tips: If you use the TRX (TRC20) blockchain for transactions between wallets, you can usually come away with costs of less than 0.5 UST per transaction, so way cheaper than using the ERC-20 network. In fact, it's probably the best method to make transactions between various accounts and wallets since it goes really fast and cost way less.

 

Reputation and Buzz

▪ Reputation rated at 7/10
▪ Buzz rated at 7/10

The U.S government is currently on their way to regulate stablecoins such as USDT and EURT. If that happens, there might be risks related to owning Tether assets and the value might not be pegged to 1 EUR for EURT or 1 USD for USDT. However, since Tether Operations Limited been around for a significant time - we assume that they are a able to follow the guidelines of any new government regulations that might come in the near future. But remember, the risks are rather high for EURT and USDT right now before anything has been decided.

 

FAQ

Who owns EUR Tether?

The cryptocurrency exchange Bitfinex owns it, but since it is a cryptocurrency, you can easily get your own share of EURT.

What is the best yield I can get for EURT?

Not so many offer great yields for Euro Tether, but from Swissborg (review) you can receive up to 8% yearly yield (APY) if you have the Swissborg Genesis Premium account.

›› Trade Euro Tether here›› Buy/Sell Euro Tether here

Screenshots from Euro Tether

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More sites where to buy/sell/trade Euro Tether

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
EURT, EURT/EUR, EURT/USD, EURT/USDT
EURT/USDT
EURT/USDT
EURT/EUR, EURT/USD, EURT/USDT
EURT/EUR, EURT/USD, EURT/USDT
 

Euro Tether details and tokenomics

Euro Tether Ticker: EURT
ERC20 Contract address: 0xc581b735a1688071a1746c968e0798d642ede491
Type of crypto: ethereum-token
Resources & Social media
🔗Blockchain URL: https://etherscan.io
 

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