EURt Tether is a stablecoin that is pegged to the value of the Euro. This means that for every EURt token in circulation, there is an equivalent amount of Euros held in reserve. The purpose of EURt is to provide a stable and secure way for individuals and businesses to transact in Euros without the volatility that is often associated with cryptocurrencies. By using EURt, users can avoid the risk of sudden price fluctuations that can occur with other cryptocurrencies.

EURt is built on the Ethereum blockchain, which allows for fast and secure transactions. It is also fully transparent, with the reserve holdings regularly audited by a third-party accounting firm. This ensures that the value of EURt remains stable and that users can trust that their tokens are backed by real Euros. Overall, EURt provides a reliable and convenient way for individuals and businesses to transact in Euros without the risk of price volatility.