November 11, 2021 — EURST, a fiat-backed stablecoin based on the Ethereum network’s ERC20 token standard, has announced today that it will be listed on FMFW.io Exchange, formerly known as Bitcoin.com Exchange, a top-tier cryptocurrency exchange.
EURST will be available for trading with EURST/BTC, and EURST/ ETH trading pairs and the official trading is expected to start on November 11, 2021.
Listing on FMFW.io Exchange will enable cryptocurrency users to fund their accounts with EURST tokens. Starting at 9:00 am UTC, deposits, withdrawals, and transfers will be opened, while order books for EURST/BTC and EURST/ETH will be enabled at 10:00 am UTC.
Created and developed by Wallex Trust, EURST enables users to make faster, cheaper, borderless, and more secured transactions since EURST tokens can be used to pay their bills and other daily transactions. Users can easily issue and redeem EURST same-day. Each token (1EURST) represents a monetary value of 1 EUR, which is stored on a distributed ledger managed by independent board analysts and consultants.
Simone Mazzuca, Director of Wallex Trust says, ”As one of the fastest-growing exchanges, we believe that the listing on FMFW.io Exchange will spearhead EURST into the global crypto space. With the ease of crypto and the stability of fiat, EURST is bridging the gap between fiat currency and the crypto world, giving users a reliable currency to transact anytime, anywhere, hassle-free.”
As a 100% asset-backed stablecoin with an industry-leading live attestation system in place, EURST tackles cryptocurrency volatility and reduces the risk of stablecoins gaining monopoly. And as a Euro-based digital asset, the stablecoin can be used as a version of fiat and currency within the cryptocurrency ecosystem, facilitate global payments & remittance for merchants and handle OTC Trading, custodial, and Escrow services for investors.
Furthermore, EURST is an ecosystem of products and services that use the EURST stablecoin to handle transactions and payments. Built to digitize the Euro and reinvent the unpredictable European economy, EURST has a vast array of functions across the platform, all of which fully utilize the power of cryptocurrencies and blockchain technologies to offer a market-leading stable asset.
About EURST
EURstablecoin is a fiat-backed stablecoin created by Wallex Trust based on the Ethereum network’s ERC20 token standard. EURST tokens will be fully backed by an equivalent unit of real currency (US dollars) in a real-time audited and transparent reserve managed by Wallex Trust, the primary issuer of EURST tokens.
Token issuance/redemption transactions are recorded on-chain, and all off-chain transactions, as well as reserve balances, will be disclosed to the public at regular intervals, in addition to regular third-party audits. 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 1EUR.
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About FMFW.io
The FMFW.io exchange (formerly known as Bitcoin.com Exchange) is on a mission to free the money, free the world. With their easy-to-use, reliable platform, they enable anyone to start trading cryptocurrencies. FMFW.io continuously adds new assets to their more than 400 trading pairs, offers deep liquidity, 24/7 multilingual support, and 100% uptime. For more information, please visit the website.
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