Stablecoins are cryptocurrencies designed to track the value of other assets, most commonly fiat currencies like dollars or euros. Here are the characteristics of the 5 main stablecoins following the price of the euro: the Euro Tether (EURT), the STATIS EURO (EURS), the Euro Coin (EUROC), the agEUR d’Angle and the Celo Euro (cEUR ).
https://cryptoast.fr/feed/
https://cryptoast.fr/top-5-stablecoins-suites-cours-euro/
The 5 main stablecoins following the course of the euro
Stablecoins all have a specific purpose: to follow the price of another asset, most often a fiat currency like the US dollar. Although these cryptocurrencies are mainly represented by assets pegged to the dollar, other stablecoins are attracting the interest of investors, this is particularly the case for those who follow the course of the euro.
💡 Everything you need to know about stablecoins
Discover below 5 stablecoins anchored to the eurowith an overview of the key features of each, including their type, supported blockchains, issuer, availability on cryptocurrency exchanges, and primary uses:
Stablecoin
Type of stablecoin Capitalization (March 2023) Blockchains supported Issuer
Availability on platforms
Euro Tether (EURT) Centralized 210 million euro Tether OKX Huobi Bitget Bitfinex Gate.io Bitstamp
STATIS EURO (EUR)
Centralized €126 million Ethereum Arbitrum Polygon xDAI Algorand XRP Ledger XDC Network STATIS Euro Coin (EUROC) Centralized €29 million Circle Coinbase Bitpanda Bittrex agEUR Decentralized €20 million Ethereum Polygon Optimism Angle Protocol users
Celo Euro (cEUR)
Algorithmic 18 million euros Celo
🎁 Cryptoast Research Launch Offer
1st Newsletter Free with the code TOASTNL
Tether’s EURT
Issued by the American company Tether, which is best known for its USDT stablecoin, the EURT is the euro stablecoin with the largest market capitalization at $210 million (March 2023).
Thanks to this, the EURT is available on major cryptocurrency exchange platforms such as OKX, Huobi, Bitget or Bitfinex.
💡Check out our detailed factsheet on Tether’s stablecoin ecosystem
The STATIS EUR
Stasis’ EURT is a stablecoin that is designed to be backed by the euro, much like Tether’s EURT. It is issued by a regulated Maltese company and is backed by reserves in euros.
The EURS stablecoin can be used as a form of digital payment and is compatible with most digital wallets. Users can also exchange EURS for euros at any time using the Statis app available on iOS and Android.
The EURS is the euro stablecoin deployed on the most blockchains. This asset allows it to be referenced on many decentralized finance (DeFi) protocols such as Aave, Stake DAO, Bancor or Synthetix.
🎁 Cryptoast Research Launch Offer
1st Newsletter Free with the code TOASTNL
Circle’s EUROC
Issued by the American company Circle, which also issues the USD Coin (USDC), the Euro Coin (EUROC) is the only euro stablecoin available on the Coinbase platform.
To propel the EUROC to the forefront and above all to be in agreement with the regulators, Circle is working hard to ensure that its stablecoin complies with the various regulations of the European Union. To help it in this quest, the American company also announced during Paris Blockchain Week 2023 the opening of its European branch in Paris.
💡Find our analysis of EUROC, the euro-backed stablecoin issued by Circle
Angle Protocol’s agEUR
The agEUR stablecoin is the only decentralized stablecoin on this list. agEUR is a decentralized and over-collateralized stablecoin, issued and guaranteed by the Angle Protocol. This means that its stability is ensured by a set of smart contracts rather than funds in a bank account as is the case with centralized stablecoins.
In addition to all that encompasses agEUR management, Angle Protocol also offers:
Trading perpetual futures contracts; The possibility of obtaining returns from strategies; The possibility of obtaining leverage on a wide range of assets.
As a decentralized protocol, Angle is governed by a Decentralized Autonomous Organization (DAO) comprising all holders of a governance token called “veANGLE”. Everyone with veANGLEs has the right to vote to propose and modify the underlying code of the Angle protocol.
The heart of Celo
The Celo blockchain incorporates a range of stablecoins whose value can track that of any asset, including fiat currencies and even natural resources. The cEUR, a stablecoin that follows the course of the euro, is backed by CELO tokens in an algorithmic way.
Celo’s stability mechanism allows users to create 1 cEUR by sending the equivalent of 1 euro in CELO tokens to the reserve, or to burn 1 cEUR by exchanging it for the equivalent of 1 euro in CELO tokens. This device relies on a series of blockchain oracles to communicate to the protocol the market rate of the CELO and the euro.
💡 Celo, a blockchain dedicated to mobile payment and stablecoins
🎁 Cryptoast Research Launch Offer
1st Newsletter Free with the code TOASTNL
Newsletter 🍞
Receive a summary of crypto news every Monday by email 👌
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.
To go further, read our Financial Situation, Media Transparency and Legal Notices pages.
Editor-in-chief of Cryptoast, I discovered Bitcoin and blockchain technology in 2017. Since then, I have been striving to share quality content so that the sector becomes more democratic for everyone.
Clement Wardzala
1793 items
