17 February 2018

Tether Adds 146 mln euro-pegged EURT to its Ethereum Blockchain Token

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Tether Adds 146 mln euro-pegged EURT to its Ethereum Blockchain Token.

Tether Adds 146 mln euro-pegged EURT to its Ethereum Blockchain Token


This month,  86 mln euro-pegged EURT and 60.1mln dollar-pegged USDT  has been added to Tether newly created tokenits issuance as Finance Magnates reports Feb. 15.

Ethereum token was issued with two wallets currently showing the ongoing activity as Tether continues to face mixed press following volatility.
Last September, Finance Magnates made a quote from Bitfinex sister exchange Ethfiex, the new tokens form part of a new collaboration bringing Tether to Ethereum.

SEE ALSO: Cryptocurrency Investors to Pay 55 Percent Annual Tax Fee on Profits - Japanese National Tax Agency


“Following the widespread success of their Bitcoin-based USDTether, issued via the Omni Layer Protocol, Tether have now collaborated with Ethfinex on the development of the first Ethereum-based Tether, compatible with the ERC20 standard,” the announcement read.


“The ERC20 Tether allows for tokenised USD to be exchanged on the Ethereum network, enabling interoperability with Ethereum-based protocols and DApps whilst allowing users to transact with fiat currencies across the Ethereum Network.”

According to reports, Tether Deposits and withdrawals of the tokens began Jan. 22, 2018. But little more in terms of detail has surfaced regarding the scale of issuance now or for the future.


Tether and Bitfinex unsettled subpoena request markets has been reported to resurface in mainstream media.
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