Euro Tether

EURT

Euro Tether is a stablecoin backed by USD reserves held by Tether

Risk Rating
Good
$1.04
-0.96%
Summary
Information
Blockchain
  • Ethereum
Key Metrics
  • Market Cap: $38.1M
  • Fully Diluted Valluation: $419.3M
  • FDV / MC: 11
  • Ranking inside Exponential (among stables): #24
  • Circulating Supply: 36,387,340
  • Total Supply: 400,000,050
  • Total Supply: 400,000,050
  • Volume (24H): $10.8M
  • 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.

EURT is a stablecoin that usually trades within 20bps of its peg to EUR, which makes it a solid store of value.

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.

Asset Volatility

EURT is a stablecoin that usually trades within 20bps of its peg to EUR, which makes it a solid store of value. EURT is fully redeemable for its Euro reserves, providing an effective mechanism to retain the peg to €1.

Dependencies

Euro Tether has no dependencies.

Things to know about EURT
EURT Pools
Convex EUR Market Making
13.2%
Yield
$1M
TVL
Risk
C
Protocol
Convex
Chain
Ethereum
Convex EUR-USD Market Making
17.4%
Yield
$89K
TVL
Risk
C
Protocol
Convex
Chain
Ethereum