(MENAFN- ForPressRelease) To complement its market reach and expand access to use-particularly for those with interests in the European markets-ProBit Global is set to list and start trading euro-pegged stablecoin, EURt, on its platform by May 25, 2023.
EURt is powered by Tether's technology and functionality, built by the creator of the world's first, largest, most liquid, and most widely used stablecoin, USDt. As a digital asset that represents the euro, EURt will enable users to access the official currency of the eurozone and its member states. The stablecoin presents users with the robust infrastructure of an asset-backed currency as part of the pursuit of financial freedom and inclusion for more people.
Among other things, a stablecoin like EURt enables users to overcome traditional financial barriers to entry, particularly in cross-border money transfers where various bureaucratic hurdles persist. EURt facilitates the trading of assets on decentralized applications (dApps), blockchain-based games, and multiple crypto exchanges, where they are exposed to high-yield trading opportunities like those with up to 100x leveraged contracts.
Also, considering the recent surge in global inflation owing to various factors such as the economic downturn caused by the coronavirus pandemic, consumer demand, and geopolitical tensions, EURt is set to help mitigate against financial market uncertainties, particularly considering the impact of hyperinflation in failing economies.
ABOUT EURt
EURt is an Ethereum-based stablecoin that is a 1:1 representation of the second-most traded fiat currency after the US dollar, the euro.
ABOUT PROBIT GLOBAL
Founded in 2018, ProBit Global is a Top 20 cryptocurrency platform featuring access to more than 800 cryptocurrencies and over 1000 different markets. ProBit Global aims to position itself as a world-class exchange for both crypto enthusiasts and novice investors, and boasts a user base of more than 2,000,000 active users, globally.
With a powerful crypto trading interface, easy integration for automated crypto trading bots, fiat on-ramp support for 45 currencies, and a multilingual website in 46 languages, ProBit Global has all the features to make your cryptocurrency trading experience easy.
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