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Universal Protocol Alliance to launch Euro stablecoin

Monday 1 April 2019 10:05 CET | News

The Universal Protocol Alliance, a coalition of blockchain organisations, has announced plans to launch the Universal Euro in April 2019.

The Universal Euro is a stablecoin offered in the family of Universal tokens and stablecoins that continue to be issued from the Universal Protocol Platform. Alliance members include Bittrex International, Brave, Uphold, Cred, Blockchain at Berkeley, and CertiK.

The Universal Euro (UPEUR) is a Euro-pegged stablecoin that will be available directly on Uphold and participating exchanges will allow customers using CredEarn to earn interest on their stablecoin. It will also be accepted with crypto custodians and device providers such as BitGo and Ledger.

The Universal Protocol (UP) Alliance is a growing coalition of organisations in the world of blockchain that have united around a new universal transparent reserve standard that aims to attract the next 100 million users to cryptocurrency. The Universal Protocol Platform allows for the minting, custody, and storage of digital ‘proxy’ assets that allow for digital asset products and the introduction of a set of safeguards required for the mainstream adoption of cryptocurrency.


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Keywords: Universal Protocol Alliance, blockchain, stablecoin, tokens, product launch
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