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Tether Inc., a startup utilizing cryptocurrencies to represent fiat currencies, has launched EURT, a ‘euro-coin’ that is tradeable and transferable over the Bitcoin blockchain. Like its USDT which trades between half a million and a million a day across more than 5 exchanges, Tether promises that EURT is fully backed by a banking trust in Taiwan on a 1 to 1 basis of deposits to coins issued.
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The supply of Tether Dollars has grown to just over $6.6 million backed by Taiwanese bank deposits, and Tether Euros ... (read more)