The wait is finally over! Starting today, Wednesday April 17th, 2019, the Universal Euro (UPEUR) is now live on Uphold*. The Universal Euro stablecoin is aimed at consumers looking to hold assets in Euros, and looking for low volatility and a competitive annual rate of return. UPEUR is the latest digital asset product issued by the Universal Protocol alliance joining UPUSD and UPBTC launched earlier this year.
The mission of the Universal Protocol Alliance is to bring the next 100 million users into cryptocurrency. We plan to achieve this by offering new financial products that non-traditional crypto users can easily use, and trust. Our alliance is comprised of successful blockchain companies such as CertiK, Uphold, Cred, Bittrex International, Blockchain at Berkeley, and Brave, all of which are the leading companies in their respective sectors.
In countries with high inflation or limited access to traditional banking, consumers will now be able to earn up to 8% interest on their UPEUR by staking their tokens through the CredEarn application on Uphold. UPEUR provides a transparent and secure way for users to store their digital assets, which are held on a 1:1 basis.
The Universal Euro (UPEUR), a Euro-pegged stablecoin, will enable users in select jurisdictions* to get more out of their Euros than they are currently getting.
“The Universal Euro is the latest digital asset product from the UP Alliance and will introduce Euro-denominated stablecoins to those who appreciate the stability of the Euro and the efficiency and returns crypto can offer ,” said Dan Schatt, Co-founder of the Universal Protocol Alliance and Cred. “We have given this stablecoin the same level of commitment to code-quality, transparency, interoperability and investor safeguards as all Universal Tokens.”
UPEUR has been designed for consumers who want additional options for crypto revenue generation that is not based on a USD-pegged stablecoins. The stablecoin market is currently flooded with, USD-pegged stablecoins and the UPEUR gives consumers a popular alternative with similar means of storing value on the blockchain.
Consumers in select jurisdictions now have access to three Universal tokens, UPUSD, UPEUR and UPBTC, the two groundbreaking stablecoins, UPUSD and UPEUR representing the most popular fiat currencies, US Dollar and Euro.Through the Universal Protocol platform, users can seamlessly trade value across different currencies.
We have a very exciting roadmap of upcoming announcements — stay tuned over the coming weeks to learn more!
*.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.