Euro Tether, or EURT, is a stablecoin issued by Tether Limited, a subsidiary of the Hong Kong-based company iFinex Inc., which also operates the Bitfinex cryptocurrency exchange. EURT mirrors the Euro’s value at a 1:1 ratio, providing a stable asset in a volatile cryptocurrency market. The price of EURT tokens remains constant with the Euro thanks to collateral reserves equal to the number of EURT tokens in circulation. The creation of EURT and other stablecoins like Tether USD (USDT) comes from a desire to offer a stable and reliable medium of exchange in the crypto ecosystem. These stablecoins facilitate seamless peer-to-peer transactions, trading of cryptocurrencies and Non-Fungible Tokens (NFTs) across various exchanges, and easier international payments by bypassing traditional banking hurdles. By embodying a bridge between conventional financial systems and the digital asset space, EURT and its counterparts play a crucial role in promoting liquidity, reducing price volatility, and fostering a more accessible and efficient financial landscape.
Zengo is a non-custodial Web3-ready crypto and NFT wallet that allows you to buy, sell, send, receive, hold, and trade a wide range of cryptocurrencies from your mobile device. Zengo’s advanced features and intuitive design make cryptocurrencies more accessible for newcomers while ensuring impeccable standards of security and recoverability to keep your assets safe.
When selecting a crypto wallet, it’s important to look for a solution that offers flexibility, functionality, and the highest security standards to protect your investments. Here’s what you can expect from the Zengo Euro Tether (EURT) wallet:
With Zengo, it’s easy to keep an eye on all your crypto investments. You can track and monitor the status of your various holdings, check the current value of the different cryptocurrencies you’ve purchased, and get the up-to-date data you need to make informed decisions.
The Zengo wallet offers a convenient way to send and receive a variety of cryptocurrencies, including EURT. You can transfer EURT from your Zengo wallet to other wallets or exchanges, or vice versa, with just a few quick taps of your mobile device.
Zengo also provides a safe and secure platform for crypto investors to buy a range of cryptocurrencies like Bitcoin, Ether, Tether, and many others. With the wallet’s sleek and simple interface, investing in crypto is so simple.
With Zengo, users can also purchase various cryptocurrencies using fiat currencies, such as EUR, USD, or GBP. Not all tokens are available for direct purchase. However, you can always purchase a popular token and trade it for the token you need using our built-in swapping function.
Zengo gives you a range of payment options to use for crypto investments. Visa, Mastercard, Apple Pay, SEPA, and Swift transfers (in certain countries) are all available options. Just head to the “Actions” menu and tap on “Buy” to get started.
Zengo provides a safe and secure environment for holding EURT stablecoins. With this non-custodial crypto wallet, your funds are completely secure and protected by leading MPC technologies and biometric authentication.
Considering EURT as your next crypto investment? Here’s what you should know about this stablecoin:
EURT, or Euro Tether, is a stablecoin introduced by Tether with the purpose of mirroring the value of the Euro.
The idea behind Tether was to make stablecoins that mirror the value of major global currencies. Tether USD already existed, tied to the value of the US dollar, and Euro Tether (EURT) was introduced so that businesses and individuals would have a coin that they could use in place of Euros for digital payments.
Euro Tether (EURT) is a creation of Tether Operations Limited, the same company behind the well-known stablecoin, Tether (USDT), which was introduced in July 2014 by Brock Pierce, Craig Sellars, and Reeve Collins.
EURT facilitates seamless value transfers between crypto markets and traditional financial systems, minimizing losses. It enables businesses and individuals, especially in Europe, to execute digital payments using a cryptocurrency that mirrors the fiat Euro’s stability. Additionally, holding Euro Tether tokens allows investors to retain the Euro’s value without converting to fiat.
Tether uses large collateral reserves equal to the amount of EURT in circulation to ensure that each EURT token equals €1 EUR. This helps to ensure that EURT is a genuine stablecoin and can be relied upon to have a reliable value with minimal volatility compared to other coins.
No, EURT is not a mineable cryptocurrency. It’s a stablecoin with a supply that Tether itself manages. Unlike certain other kinds of crypto, like Bitcoin, which rely on a network of miners to generate new coins, EURT is issued based on the backing of real-world Euros.
Currently (October 2023), EURT runs on the Ethereum blockchain as an ERC-20 token. This allows it to work with various other Ethereum-based apps and services. There is a strong possibility that EURT will support other blockchains like Polygon in the future.
Tether Operations Limited is the entity responsible for issuing several stablecoins. One of its primary offerings is EURT, which is pegged to the Euro. They also manage USDT, a coin pegged to the US Dollar. Additionally, Tether has introduced CNHT, pegged to the offshore Chinese Yuan, and MXNT, representing their expansion into the Latin American market by being pegged to the Mexican Peso. Essentially, Tether’s role is to ensure the issuance and stability of these digital tokens in relation to their respective assets.
There are plenty of stablecoins on the market, and EURT shares many characteristics with them. However, while many stablecoins like USDC, USDT, and PYUSD are designed to mirror the value of the US dollar, EURT is based on the value of the Euro. Similarly, there’s Euro Coin created by Circle, which is also pegged to the Euro at a 1-1 ratio, offering another Euro-based stablecoin option alongside EURT. From an investment perspective, it’s crucial to understand how a stablecoin is backed and by whom it is issued, as these factors significantly contribute to the stablecoin’s trustworthiness and stability.
With Zengo, your crypto and NFT investments are always safe and secure. Using our wallet, you can buy, sell, hold, and swap cryptocurrencies in no time. Below, you’ll find just a few of the reasons why so many crypto enthusiasts choose Zengo as their wallet:
Since cryptocurrency markets can be volatile and unpredictable, it’s important to access your investments quickly to react to market changes. With Zengo, your digital assets are available instantly, and you can trade quickly whenever you need to.
At Zengo, we strongly believe that users should always have total control over their digital investments. That’s why we designed Zengo to be a fully non-custodial wallet, which means you are the only one who can access your funds.
Losing access to your crypto wallet can be a terrifying experience, but not with Zengo. Thanks to our intelligent recoverability system, you can regain access to your account with ease, even if you lose your device. Just reinstall the app on a new device and use your facial ID to log in.
The following FAQ provides more information about EURT and Zengo.
Setting up an EURT wallet doesn’t require any advanced technical expertise or experience. All you have to do is download the Zengo app from either the Apple App Store or Google Play and then follow the instructions on the screen to get started. After that, you will be able to purchase and trade a variety of cryptocurrencies as well as store them securely in the most secure non-custodial wallet available.
To store EURT tokens, you’ll need a compatible wallet, like Zengo. Zengo’s non-custodial wallet offers a secure storage solution for your EURT tokens, along with many other cryptocurrencies. We use advanced MPC technology to protect your assets and ensure their safety. Plus, if you ever lose or misplace your device, you can easily recover your account, so you won’t have to worry about losing your funds.
An EURT wallet is basically a kind of digital app that stores your private keys. These private keys let you access and transfer your EURT and other cryptocurrencies on the blockchain. Each wallet has its unique address used to send or receive EURT and other tokens.
Setting up an EURT wallet with Zengo is a simple process. To get started, download Zengo from either the Apple App Store or Google Play and install it. Make an account and then use your biometrics to log in. You can then use the various “Actions” in the menu to receive or transfer tokens, such as EURT.
To get your EURT wallet address, you simply need a crypto wallet that supports this currency, such as Zengo. You can download Zengo from the Apple App Store or Google Play Store and install it on your mobile device. Once the app is set up, tap on the “Actions” tab, then “Receive.” Select EURT from the list to display your unique EURT address. You can then use that address to receive EURT from other users, trading platforms, or wallets.
You sure can! With Zengo, it’s easy to transfer your EURT tokens directly to another person’s EURT wallet address. If they don’t have one, just ask them to set up Zengo and share their wallet address.
If you want to send EURT, you’ll need the recipient’s EURT address to send the tokens. Once you’ve got that, open Zengo, tap on the “Actions” tab in the main menu, and then tap “Send.” Next, locate and tap on the EURT token. Enter the destination address and any other relevant information, and confirm the transfer.
To receive EURT, provide your Euro Tether wallet address to the sender. They can then carry out a transfer and send you the tokens. Zengo will give you a notification when you receive the funds. If you want to find your EURT address, just click on the “Actions” tab found on the main menu, then tap on “Receive,” and then pick Euro Tether (EURT) from the list of currencies. You’ll see a string of letters and numbers. This is your EURT address.