Binance has announced the listing of Eurite (EURI), a stablecoin pegged to the Euro and regulated under the Markets in Crypto-Assets Regulation (MiCA) framework ¹. This move marks a significant milestone in the adoption of regulated stablecoins in the European market.
Key Features of Eurite (EURI)
- Regulatory Compliance: EURI is fully regulated under the MiCA framework, ensuring consumer protection, financial stability, and transparency ².
- Stability: Pegged 1:1 to the Euro and backed by cash, EURI is designed to resist volatility, making it a reliable medium of exchange ².
- Blockchain Integration: As a token built on both Ethereum and BNB Smart Chain, EURI leverages blockchain technology for secure and efficient transactions ².
- Wide Applications: EURI can be used for various purposes, including digital asset settlement, managing volatility exposure, remittances, and smart contracts in the DeFi space ².
Trading Details
- Listing Date: August 28, 2024
- Trading Pairs: EUR/EURI and EURI/USDT
- Zero-Fee Promotion: Binance offers zero trading fees for EUR/EURI and EURI/USDT spot and margin trading pairs until further notice ³
Impact and Opportunities
- Increased Adoption: The listing of EURI on Binance is expected to increase adoption and liquidity for the stablecoin ⁴.
- Traders' Opportunity: The zero-fee promotion provides traders with an opportunity to take advantage of the new conditions and trade EURI with no fees ³.
- Regulatory Compliance: EURI's compliance with MiCA regulations sets a precedent for other stablecoins to follow, ensuring a more secure and transparent trading environment ¹.
In conclusion, the listing of Eurite (EURI) on Binance marks a significant step forward for regulated stablecoins in the European market. With its stability, blockchain integration, and wide applications, EURI is poised to increase adoption and provide traders with new opportunities.
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