Binance Lists Anchored Coins EUR (AEUR) as a New Stablecoin - Latest cryptocurrency news

Binance Lists Anchored Coins EUR (AEUR) as a New Stablecoin

Binance has decided to list a new stablecoin called Anchored Coins EUR (AEUR). Starting from December 4, 2023, the new spot trading pairs AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR will be available for trading. AEUR deposit transactions are already open for users, and withdrawal transactions will begin on December 5, 2023.

Binance has announced a zero trading fee promotion for AEUR spot trading pairs. This promotion allows users to benefit from zero maker fees on the introduced pairs, including AEUR spot trading pairs. This opportunity will be valid until the next announcement.

Technology & Populer Science News:

Users who enjoy zero maker and taker fees on AEUR/USDT, BTC/AEUR, and EUR/AEUR spot trading pairs will be pleased with Binance’s new promotion. The validity period of this promotion will continue until the next announcement.

AEUR stands out as a Euro-backed stablecoin and payment token. Positioned as an alternative solution to the stability sought by crypto users, AEUR is native to Ethereum and BNB Chain and plans are being made for support on additional blockchains.

Each AEUR has a 1:1 redemption request against issuance and is backed by the assigned reserve in the bank, reducing risks associated with price fluctuations and providing a reliable tool for transactions and value storage. The reserve account of AEUR is subject to periodic audits by independent third parties such as Prescient Assurance, ensuring transparency and accountability.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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