Tether Tokens Backed by Euro Will be Available on C.R.E.A.M. Finance
C.R.E.A.M. Finance is a multipurpose Defi platform on which you can lend, borrow, swap, send payments and buy tokens as digital assets. It defines itself as a decentralized lending protocol for users on Ethereum, Binance Smart Chain and Fantom.
According to reports, Tether, the leader of the stablecoins, announced that its token, the EURt, will be available on the C.R.E.A.M. Finance platform. Users will have access to EURt for lending, borrowing and trading in the lending protocol platform. Users can also access USDt, a Tether token backed by the USD. This plan was created due to consistent high demands on stablecoins.
Stablecoins are cryptocurrencies that have a stable value, usually pegged into any fiat currency, to preserve their price. In a way, stablecoins are safe from the volatility of the price in the coin market.
This merging strategy of Tether and C.R.E.A.M. Finance will somehow sustain the high demands on stablecoins and will boost growth in the DeFi ecosystem. This is good news to any crypto trader who prefers stablecoins and is afraid of the volatility of the cryptocurrency prices.
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