EURST, the next generation asset-backed stablecoin solution representing Euro, has announced its listing on HitBTC, one of the oldest and fastest-growing crypto exchanges currently on the market.
Built on the Ethereum network, EURstablecoin (EURST) is a fiat-backed stablecoin issued by Wallex Trust that aims to become an industry standard for the reliability and safety of stablecoins. The project utilizes a centralized model to fully back every token issued with an equivalent unit of real currency (US dollars) in a real-time audited and transparent reserve managed by Wallex Trust as well as other fiduciary custodial partners. In addition to regular third-party audits, token issuance/redemption transactions are recorded on-chain. In essence, the existence of a physical, real-time audited and redeemable USD reserve effectively pegs the market value of EURST tokens to the real currency value of 1 EUR in USD.
Using its high security and transparency standards, EURST strives to revitalize the European Economy. Unlike any other stablecoin, EURST is 100% asset-backed with fiat funds, held in a secure escrow account, with a live audit system connected. It offers new opportunities in the modern age such as protection of wealth from losing value in relation to the Euro, ability to keep savings pegged to Euro without opening a bank account in Europe and opportunity to make international transfers bypassing expensive transfer fees charges.
Moreover, EURST offers an easy alternative to fiat when it comes to making and managing cryptocurrency investments, in a secure and reliable way. This is the reason why EURST’s listing on HitBTC is a major step in the stablecoin long term development. As one of the largest spot trading markets in the industry with over 800 trading pairs and 500+ spot instruments supported, including Bitcoin, Ethereum, EOS, Litecoin, Tron and others, HitBTC will increase EURST’s exposure on the market and also offer its holders new trading opportunities. EURST is available on the platform in the following trading pairs: BTC/EURST and ETH/EURST.
Simone Mazzuca, the CEO & Founder of Wallex Trust, comments: “We’re excited about EURST listing on HitBTC as it expands our reach and empowers the stablecoin holders with more tools and flexibility to trade with EURST tokens”.
About EURST
EURstablecoin is a fiat-backed stablecoin created by Wallex Trust and based on the Ethereum network’s ERC20 token standard. EURST tokens are and will always be fully backed by an equivalent unit of real currency (US dollars) in a real-time attested and transparent reserve, by Wallex Trust- the primary issuer of EURST tokens. Token issuance/redemption transactions are recorded on-chain. The presence of a physical, real-time audited, and redeemable USD reserve effectively pegs the market value of EURST tokens to the real-time USD value of 1 EUR. For more information, visit:
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About HitBTC
Founded in 2013 by experienced system architects and technology experts, HitBTC is one of the oldest and fastest growing crypto exchanges in existence. With an unparalleled track record of reliability, they offer traders a comprehensive range of services that are accented by smooth order execution, state-of-the-art trading terminal, and unmatched liquidity. The exchange is the largest spot trading market in the industry with over 800 trading pairs and 500+ spot instruments supported, including Bitcoin, Ethereum, EOS, Litecoin, Tron and others.
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