We’re super excited to introduce USDT, USDC, TUSD, USDP and EURS to the Wirex family, all of which are now available to exchange in-app at exclusive OTC rates!
In case you’re not sure which stablecoin to choose, here’s a quick lowdown of our new arrivals:
USDT is a well-established player in the stablecoin space. It was designed to be backed by the USD Dollar to maintain a stable value and reduce volatility. It is also the 5th largest cryptocurrency by market cap.
USDC is pegged 1:1 to the US Dollar and is backed by cash and short-duration US treasuries. As of October 2021, there are currently 32.5 billion USDC tokens in circulation.
Fully backed by the US Dollar, TUSD markets itself as “the world’s most transparent stablecoin” and is popular among traders for its transparency and accessibility.
USDP is a fiat-collateralised stablecoin that aims to stabilise the US Dollar with blockchain technology. It is regulated by the New York State Department of Financial Services.
EURS is an ERC/EIP20 token that mirrors the value of the Euro, and is the first stablecoin to introduce delegated payments on the Ethereum blockchain.