Meet the Universal Euro
Euro Stablecoin from the UP Alliance
In the early weeks of April we will be launching our next stablecoin, the Universal Euro. The UPEUR is the second stablecoin issued from the Universal Protocol Alliance, a consortium of leading blockchain organizations including CertiK, Bittrex International, Uphold, Cred, Blockchain at Berkeley, and Brave. The introduction of UPEUR continues our drive to create a more functional, usable, and transparent digital blockchain, which will drive mainstream adoption and lead to the next 100 million new blockchain users.
The Universal Protocol alliance will accomplish this goal by bringing to market new financial products like the Universal Euro which consumers can easily recognize and identify with. UPEUR joins the Universal Dollar and the Universal Bitcoin in our family of Universal tokens, which are tokenized representations of stored assets.
UPEUR is a stablecoin pegged at a 1:1 ratio with the Euro. Once a Universal Euro has been minted, a record of this transaction is recorded on the Ethereum blockchain. It will be Euro-pegged, and available directly on Uphold and other participating exchanges.
UPEUR is designed to give people additional choices of revenue streams by accessing additional stablecoins that are not pegged to the US Dollar. Since the Euro is the second highest currency in global fiat currency reserves, the demand for euro-pegged blockchain assets is apparent. The potential value of this emerging blockchain sector will revolutionize global finance by creating access for global consumers who want to invest in Euros and euro-based assets. UPEUR is giving opportunity to global citizens who want to earn more from their Euros.
The UPEUR will be available for use on CredEarn through the Uphold platform when it is released by Universal Protocol. This will enable users to earn up to an 8% annualized return on their staked Universal Euros. This stablecoin is aimed at people who want to get more out of their Euros than they currently are. In economies with high inflation, negative interest rates, or other limitations, consumers can now get access to lend their Euro-pegged assets, and earn interest at a much higher rate than if it their assets remained in their national banks.
“The Universal Euro offers a high rate of return and the same commitment to code quality, investor safeguards and transparency as other Universal Protocol Tokens. UPEUR is architected with institutional-level security in mind and works seamlessly with the Universal Protocol Token (UPT), designed to allow for quick, low-cost conversion of UPEUR to fiat currencies, UPUSD, UPBTC or other digital assets. UPEUR is backed by some of the biggest names in the blockchain industry, all supporting various aspects of the UPEUR ecosystem and we’re thrilled to make this stablecoin available in the near future” said Dan Schatt, Co-founder of the Universal Protocol Alliance and Cred.
With the introduction of the second Universal stablecoin, UPEUR joins the Universal Bitcoin and the Universal Dollar as a better version of fiat, with new consumer safeguards for users relating to key recovery and inheritability. New features also include wallet detachability. UPEUR holders will join UPBTC and UPUSD holders and their ability to transfer value quickly across different blockchains and fiat currencies. As we add more digital currency products from the Universal Protocol Alliance in the coming months, users will continue to expand their agency to move digital assets into different forms of value than they previously could, and in a secure manner.
Our specific announcement for the Universal Euro launch will be coming shortly in the coming weeks. In addition to the release of UPEUR, our second stablecoin, we will have more exciting announcements regarding new partnerships and other developments from the Universal Protocol Alliance in the near future. Stay tuned!
To receive the most up-to-date information related to the Universal Protocol Alliance, please join us on our Telegram and on Twitter.
###
Note: The information herein is provided for informational purposes only and is not an offer to sell, and shall not be deemed a solicitation of an offer to buy, any tokens. UPEUR is not available in all jurisdictions. Any offering or sale will be made in compliance with the laws of relevant jurisdictions, including those of any countries which prohibit the sale of digital assets or cryptocurrencies or who are located, organised or resident in a country or territory that is the subject of country-wide or territory-wide sanctions. CredEarn is not a deposit relationship. Interest accrues on amounts actually borrowed by Cred, and is calculated on a simple interest basis based on the number of days and amount of the assets borrowed. Not all customers will be able to participate and not all funds may be borrowed. Persons who affirmatively opt in to the service. Additional terms and conditions will apply.
