After The Rise of its Controversial ”Digital USD” Tether Releases EURTs

Tether, creator of a USDT token claimed to be backed by the U.S. dollar, has been a hot topic of conversation lately to say the least. The company has been very successful so far issuing tokens to individuals and exchanges, but many skeptics are worried the digital currency is not backed by real fiat. Skeptics aside, just recently the company has announced the issuance of a new fiat backed tether called EURT that will represent euros with ERC20 standard compatibility.

Phil Daian’s audit is 20 pages long and concludes that if the company follows the recommendations, the ERC20 Tether contracts “will launch in a well tested, secure state.”

What do you think about Tether Limited creating a euro token? Let us know your thoughts on this subject in the comments below.