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    Home » Crypto News » This is The First DeFi Protocol to Support Tether’s EURO

    This is The First DeFi Protocol to Support Tether’s EURO

    Author: George Georgiev

    Last Updated Jul 22, 2021 @ 14:20

    Tether, the company behind USDT, has announced that CREAM Finance is the first DeFi protocol to integrate its EURO-pegged stablecoin.

    Tether, the company behind the biggest stablecoin by means of total market cap – USDT – has announced that CREAM Finance has become the first DeFi protocol to support their Euro-pegged EURt token.

    • According to a recent press release, CREAM Finance – a well-known DeFi protocol, has become the first to integrate Tether’s EURt stablecoin into its lending platform.
    • Users on the platform will be able to access EURt for lending and for borrowing.
    • Meanwhile, they can also do so using Tether’s USDT.

    C.R.E.A.M. Finance will be the first DeFi platform to offer EURt to users in the DeFi ecosystem. Users on the platform will obtain access to EURt for lending and borrowing markets, amid increasing demand for euro pegged stablecoins in the DeFi space. Users can also obtain access to Tether tokens pegged to USD (USDt) on C.R.E.A.M. Finance. –  Reads the announcement.

    • Thether’s EURt is a stablecoin that tracks the price of the Euro.
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    Tags: DeFi Tether (USDT)
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    About The Author

    George Georgiev
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    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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