Anchored Coins EUR (AEUR) itself was listed on the crypto exchange on December 4, 2023. Amid the excitement surrounding the emergence of a stablecoin pegged to the euro, the next day the asset began to lose its peg and rose in price by almost 200%. On December 5, AEUR soared in price to $3.25. After which Binance decided to temporarily remove the coin from listing. All affected users should have received compensation. And today, Friday, December 8, the exchange decided to open trading again.
“Binance will resume spot trading of AEUR/USDT, BTC/AEUR, ETH/AEUR and EUR/AEUR on December 8th at 14:00 (UTC),” the official announcement reads.
On the eve of the opening of trading on Binance, the AEUR price on Coingecko was $1.09. During the day it increased by 17%. On the Bitget exchange, the asset price is $2.5.
AEUR is a stablecoin issued by Anchored Coins. The firm claims to offer “an alternative solution for cryptocurrency users seeking stability in their investments and transactions.” It was assumed that the stablecoin would be backed by paper assets in euros, which are stored in Swiss banks. The coins themselves are issued on the Ethereum and BNB Chain blockchains.
Recently, cryptocurrency exchange Binance announced that it is going to eliminate fees for ETH, XRP, DOGE and some other popular coins paired with the First Digital USD (FDUSD) stablecoin for an indefinite period.
Source: Bits
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