Stablecoin stablecoin such as Fiat currencies. While the stablecoin backed by the dollar (such as the USDC or the USDT ) dominate the market, the stablecoin backed by the euro (eurs, aur, eurc, eurt, Euri) gain popularity, especially with European users seeking to avoid fluctuations in exchange rates and to carry out transactions in their local currency. In this article, we compare the main stablecoin backed by the euro, their specificities and their operation so that you can determine the best stablecoin euro , or rather the one that suits you best.
Table of contents
Eurs: the stablecoin euro stasis
The Eurs, created by Stasis , is one of the first stablecoin backed on the Euro. Stasis is a platform based in Malta specializing in the tokenization of traditional active ingredients, which means that it makes it possible to transform real assets, such as Euro, in cryptocurrencies. Each eurs is guaranteed by a euro or an equivalent asset, owned in regulated bank accounts.
However, the Eurs has increased centralization . Unlike stablecoin , the management of its reserves is entirely controlled by Stasis, which raises concerns concerning dependence on this entity. This centralization represents a risk in the event of poor management or a crisis of confidence in society.
Benefits :
- Regular audit and transparency in fund management.
- Strong adoption in relatively high exchanges and liquidity.
Disadvantages:
- Centralization: Stasis has total control over reserves, which can represent a risk in the event of poor management.
Aeur: the stablecoin euro of the Aave ecosystem
The aur is issued by Aave decentralized finance platforms . Aave is a decentralized loan and loan protocol The aur therefore allows users to borrow and lend tokenized euros in the ECOSYSTEM of the DEFI , while keeping stability in the face of the fluctuations of other cryptocurrencies.
What differentiates the other stablecoinis that it is deeply integrated into the ecosystem of theAaveDefi. This allows decentralized, transparent, without intermediaries, with interest rates adjusted according to supply and demand.
Benefits :
- Great flexibility for users of the DEFI.
- Decentralized management and transparency provided by the community.
Disadvantages:
- Less popular than other stablecoins euros, still limited adoption.
EURC: the stablecoin euro of circle
The EURC is issued by Circle , the company behind the USDC , one of the stablecoin backed by the most used dollar in the world. EURC follows the same management principles as the USDC , with very strict regulation and transparency standards. Circle guarantees that each EURC is supported by one euro, deposited in regulated banking institutions, with regular audits to guarantee funds safety.
Benefits :
- Increased transparency and clear management of reserves.
- Strong reputation of Circle, ensuring the confidence of users.
Disadvantages:
- Adoption still relatively low, but growing.
EURT: the stablecoin Euro de Tether
EURT is the stablecoin Euro issued by Tether , the same company behind the USDT . Although very popular, Tether has been criticized several times for his lack of transparency concerning the reserves which guarantee his stablecoin s. In 2021, Tether was prosecuted and surveys revealed that his reservations were not only made up of euros, but included more risky assets such as obligations, commercial loans and even cryptocurrencies. This opacity raises doubts about the financial solidity of Tether, despite its great liquidity on the markets.
Benefits :
- Great liquidity and adoption in the crypto ecosystem.
Disadvantages:
- Lack of transparency on the reserves and uncertainties linked to the audits.
- Potential risks due to the opacity of its management.
Euri: stablecoin Euro Angle Labs
Euri , issued by Angle Labs , is a stablecoin euro for its high decentralization and security . Unlike stablecoin S like Eurs or EURT, EURI is designed to operate completely decentralized. It is integrated into several DEFI protocols, such as Uniswap , Curve , and Balance , which guarantees great liquidity and flexibility for users.
EURI safety is based on a decentralized guarantee method, where users can provide guarantees (collateral) to maintain parity with the euro. Angle Labs does not directly control the funds, which reduces the risk of centralization. This decentralized architecture allows the Euri to resist censorship and potential manipulations.
Benefits :
- High decentralization, no centralized control on reserves.
- Strong integration into the Defi protocols.
Disadvantages:
- Adoption still limited outside the DEFI ecosystem.
Differences between these stablecoins
These stablecoinare mainly different from their management (centralized or decentralized), their transparency and their liquidity.
Why choose a stablecoin euro?
For European users, using a stablecoin backed by the euro helps avoid fluctuations in exchange rates with the dollar. These stablecoin are useful in decentralized finance for operations such as loan , loan , or value transfers . The transfer of value designates the fact of transferring funds or assets from one account to another, often quickly, secure and at a lower cost thanks to the blockchains.
Regulation and stability of stablecoins euro
With the arrival of the MiCA ( Markets in Crypto-Astets ) frame in Europe, the regulation of stablecoin s becomes more and more strict. MiCA imposes regular audits, increased transparency on reserves, and reporting requirements for stablecoin s transmitters. This guarantees greater security for users, while encouraging wider adoption.
Where to buy Eurs, Eurc, Aeur and Euri?
The stablecoins in euros are available on different platforms, according to the token sought:
- EURC (Euro Coin) is accessible on Coinbase and Bitvavo for example, two centralized platforms offering an intuitive interface for purchase and trading .
- Aur (Anchored Euro) and Euri (Euro Tether) are listed on Binance , one of the largest world exchanges, offering advanced trading options.
- Eurs (Stasis Euro) is only available on decentralized exchanges ( DEX ) , which means that a compatible portfolio must be used (such as Metamask, Trust Wallet or Exodus) or connect your portfolio to platforms like Uniswap or Curve to acquire it.
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Conclusion: What is the best stablecoin euro?
The choice of the best stablecoin euro depends on your needs and your risk tolerance. If you are looking for transparency and safety, Eurs and Eurc are excellent options. If you prefer decentralization and greater integration into the DEFI, AURE and EURI are to be considered. Finally, EURT offers great liquidity, but its opaque management remains a source of concern.
Faq
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What is the difference between Eurs and EURT?
- The eurs is managed by Stasis with strong transparency, while the EURT of Tether is criticized for its lack of clarity on the reserves.
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How are the stablecoinguaranteed backed by the euro?
- Each stablecoin is guaranteed by euros or equivalent assets, deposited in regulated bank accounts, with regular audits to guarantee the validity of the reserves.
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What are the risks associated with stablecoins euros?
- The risks include lack of adoption, lack of transparency (as with EURT), and regulatory uncertainties.
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Which stablecoin euro is the most suitable for the DEFI?
- Euri and Aur are particularly suitable for decentralized finance, being integrated into deffi protocols like Uniswap and Curve.
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How to use the stablecoinS Euro in decentralized finance?
- They can be used for the loan , borrowing , or value transfers on platforms like Aave , Uniswap , or Curve .
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Yohan Uzzan
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
