PRESS RELEASE. EURST will be listed on fmfw.io starting November 17th.
Introduction to EURST
Stablecoins, which have arisen due to the digital world’s development, are secured with assets, thus minimizing its price volatility. Simone Mazzuca took another initiative and created EURST, a currency that meets European needs.
EURST is a digital currency that is based on USD assets and which represents 1 Euro in USD. Its strength is to meet the applicable requirements of the governmental legal framework, by using a third-party reputable custodian for the funds backing the coins, and implementing an industry leading live attestation system in place.
Operating on the Ethereum blockchain (ERC20) enables fast and secure transactions. Smart contracts, which are responsible for digitizing deposited funds kept by the holder in an account, allow transactions to be made without high costs and long waiting times.
EURST allows you to secure money without losing the value of the Euro, deposit funds on cryptocurrency exchanges, and make international transfers without drastically high fees.
What are the backbones of EURST?
The EURST Team has pointed out core things that they follow while developing the coin:
- Value – “Transparency and quality mark the proper ground for new payment habits.”
- Goal – improving communication with the community.
- Mission – spreading awareness of blockchain usage to make its benefits more available.
- Sustainability – bridging the gap between digital currencies and fiat money, focusing on interoperability and increasing blockchain’s scalability, speed, and security of transactions.
Statement from FMFW.io
“The goal of FMFW.io is not only to enable the purchase of digital currencies but also to increase awareness and the possibility of operating between currencies. Our remarkable appreciation to the EURST team prompted us to venture into listing the coin on our exchange. We believe that we can all raise the accessibility of this digital world” says Danish Chaudhry, CEO of FMFW.io.
Statement from EURST
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.”
EURstablecoin is a stablecoin created by the Wallex Trust and based on the ERC20 token standard of the Ethereum network.
Token issuance/redemption transactions are recorded in the chain, and off-chain transactions and reserve balances will be regularly disclosed to the public and additionally to the third-party audits.
The presence of a physical, real-time controlled, and convertible USD reserve determines the market value of EURST with a real-time USD value of EUR 1. For more information, visit the website here.
The mission of FMFW.io is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support, and dozens of trading pairs complemented with a high level of security, we offer an attractive platform for trading any cryptocurrency. Within one year since launch, on average, our exchange has been visited by more than 500K active traders per month, and this number continues to grow.
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