Eurst USD-Backed Stable Coin For Higher Transparency in Transactions

Blockchain is proven to render several benefits, like the non-dependence on intermediaries and direct transactions between participants. Most of the networks associated in production don’t deal with streamline selling, buying and trading currently. However, with the advent of stable coins, everything is about to change as financial institutions, banks, industry leaders, startups and investors are beginning to inquire about how to make payments faster and easier on blockchain in everyday transactions.

Stable coins are the new popular currency that is emerging in a big way. It helps increase the viability of performing day-to-day financial transactions on blockchain.

What is stable coin?

The stable coin is a digital currency that is pegged to a stable asset, like gold, USDs, Euros and GBP.  In digital currency, it is referred to as tokenization and representation of fiat currency, which is accessible publicly on a public-permissioned blockchain network.

In an arcade or casino, you exchange the cash for tokens to play the game. Typically, the number of tokens or chips per dollar is pre-set and fixed. This is what is meant when we say a token is pegged to the dollar. When a financial instrument, like the currency, is being used in the transaction of goods and services, the stability of the financial instrument is a crucial aspect to save the buyer and seller from losses in trade due to fluctuations in the financial tool being used.

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What is EURST stable coin?

This is the first live audited Euro stable coin backed by the US dollar. It is created with the aim of upgrading the European economy. Eurst is designed to make the European economy more accessible, transparent, and more reliable.

With Eurst, you have better quality and more reliable financial transactions. What you get is:

·         Faster speed in digital transactions.

·         Lower fees.

·         Borderless transaction ability.

·         Programmability.

·         A versatile API that integrates several DAPPs in the background.

Learn more about Eurst USD-backed stablecoin and find out how it can help you in everyday transactions. Reach out to the official website of Eurst.