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Euro Tether (PoS Polygon)
EURT
Euro Tether is a stablecoin backed by USD reserves held by Tether
Risk Rating
Good
$1.16
-0.95%
What is Euro Tether (PoS Polygon)?
Information
Blockchain
- Polygon
Info
- Website
- Community
- Telegram
- Contract address
- Asset Type: ERC-20
Key Metrics
- Market Cap: $6.1M
- Fully Diluted Valluation: $58.2M
- FDV / MC: 9.6
- Ranking inside Exponential (among stables): #41
- Circulating Supply: 5,196,319
- Total Supply: 50,000,050
- Total Supply: 50,000,050
- Volume (24H): $781.4K
- ATH: $1.31 (09/02/2021)
- ATL: $0.94 (09/27/2022)
Risk Assessment
Good
Asset Strength
EURT is a low-cap asset with questionable collateral reserves. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of Polygon PoS bridge, a protocol rated as Watch out.
EURT is a stablecoin that usually trades within 20bps of its peg to EUR, which makes it a solid store of value.
Dependencies
Euro Tether (PoS Polygon) has no dependencies.
Asset Tokenomics
EURT has a fixed supply. EURT is backed 1:1 by Euro reserves held with a licensed custodian (Tether). EURT is fully redeemable for its Euro reserves, providing an effective mechanism to retain the peg to €1.
Things to know about EURT