Popular cryptocurrency exchange HitBTC has recently announced it listed a Euro-pegged stablecoin launched by the Stasis project named EURS. It has been paired with a crypto euro to with the help of Tether’s USDT.
EURS token works to transfer stablecoin transparency standards to consecutive level and up the exchange’s liquidity. Exploitation of the stablecoin, HitBTC created a stablecoin merchantilism combine, equally mimicking an EUR/USD combine.
The stablecoin was launched by late June in Malta. And shortly, when it saw an institutional capitalist acquire a $10 million stake in it, EURS was launched. In keeping with reports, to require a number of the market share aloof from Tether’s disputable USDT token, some claim has been made to manipulate bitcoin’s value.
Recently, there was a campaign that took place against HitBTC by McAfee, where it withdrew charges on Docademic (MTC). In regards to this, HitBTC stated that their withdrawal fee is very high as it pays the Ethereum that’s compulsory to carry out dealings through the network. It also justified further adding that it does not force its users to have ETH on their accounts.
On HitBTC, the EURS token is presently paired with most major cryptocurrencies, and with another stablecoin referred to as TrueUSD (TUSD).
Notably, the cryptocurrency exchange has recently been involved in an argument. John McAfee had launched an operation against it, allegedly intended by HitBTC’s withdrawal fees on a project, the best-known as bitcoin bull. The cybersecurity professional suspected HitBTC of being accountable for the death of untold people, over its lack of maintenance for Docademic (MTC), a scheme that entitles to offer customers free health maintenance services.
As covered in CCN news, HitBTC has frequently been suspected of selectively cheating users. One Reddit user has requested the exchange held his funds hostage, in spite of having documents essential for know your customer (KYC) and anti-money laundering (AML) checks.
The post HitBTC Crypto Exchange Adds Support For Euro-Pegged EURS appeared first on OWLT Market.
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