Binance, the world’s biggest cryptocurrency exchange, is adding a new euro-backed stablecoin called Eurite (EURI) to its platform.
What is Eurite?
Eurite is a stablecoin backed by the euro, meaning its value is pegged to the euro’s price. It’s designed to be compliant with the European Union’s new crypto regulations (MiCA). This makes it a more regulated and potentially safer option for users.
Trading Eurite on Binance
You can start trading Eurite on Binance starting August 28th at 10:00 UTC. Binance is offering zero trading fees for Eurite for a limited time.
What does this mean for Binance and users?
This move expands Binance’s offerings and gives users more options for trading euro-backed assets. It also shows Binance’s commitment to staying ahead of the curve with new regulations.
Banking Circle’s Role
Banking Circle, the company behind Eurite, believes this stablecoin will make euro-based payments faster and more accessible. They also plan to launch more stablecoins and tokenized assets in the future.
Important Note: This information is for educational purposes only and is not financial advice. Always do your own research before investing in cryptocurrencies.
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