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- What is Euro Tether?
- How to Stake Euro Tether?
- How much can I earn staking Euro Tether?
- Any Risks to Staking Euro Tether?
Euro Tether token (EURt) is one of the first euro-pegged stablecoins pegged to the euro.
The purpose of the EURt is to provide stability against digital assets’ price fluctuations by offering a token pegged to the euro. EURt provides a liquid, stable, and trusted means of obtaining exposure to the single European currency.
EURt enables holders to store value, make international digital token transfers, send tokenized remittances, and trade cryptocurrencies, and mitigate exposure to forex volatility.
Stablecoins have diversified the use cases of digital currencies, and therefore they contribute to bringing wider adoption into the crypto space.
There are emerging custodial lending options offered by a variety of providers that allow users to lend their EURT in return for an attractive yield.
One of the newest options is offered by Swissborg.
The rate of return for lending EURT varies based on the provider you choose, currently we are seeing APYs around 9%, which is substantially better than parking your EUR in a savings account for example.
There is always a risk that the issuing company Tether will not be accountable for keeping enough reserves to match the circulating supply of EURT, this same risk exists for many other stablecoins including USDT.
Another risk to consider is the evolving regulations on a jurisdiction basis revolving around stablecoins.