World’s top currency pair now tradeable over bitcoin blockchain; Tether Euros usable for debit, SEPA payments
Tether Inc. in conjunction with partner exchanges has announced the launch of EURT, a “euro-coin” that is tradeable and transferable over the bitcoin blockchain.
By leveraging blockchain technology, Tether allows users to store, send and receive digital tokens pegged to dollars, euros, and yen person-to-person, globally, instantly, and securely for a fraction of the cost of any alternative. Tether currencies are issued using the Omni Layer protocol, which like the Bitcoin blockchain itself, are fully decentralized and allow low-cost trading with no custodian or middleman directly over the blockchain.
Like USDT which trades between half a million and a million USD a day across more than 5 exchanges, EURT is fully backed by a banking trust in Taiwan on a 1 to 1 basis of deposits to coins issued. According to the official release, Tether Euros provide the least expensive way to transfer digital assets priced in USD into euros. Tether EUR can be deposited on OpenLedger and credited for SEPA transfers, and on Coinsbank for debit card payments. The OmniDex charges traders taking liquidity just 0.05 percent of each trade, which will accrue to holders of the Omni cryptocurrency automatically.
http://www.econotimes.com/Worlds-top-currency-pair-now-tradeable-over-bitcoin-blockchain-Tether-Euros-usable-for-debit-SEPA-payments-263103