The Universal Protocol Alliance, a group of leading blockchain companies including Bittrex International, Brave, Blockchain at Berkeley, Uphold, Cred and CertiK, announced on Thursday it is set to launch Universal Euro in April. According to the Alliance, the latest stablecoin offers in the family of Universal tokens and stablecoins that continue to be issued from the Universal Protocol Platform.
“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 industry leading crypto custodians and device providers such as BitGo and Ledger.”
While sharing more details about the stablecoin, Dan Schatt, Co-founder of the Universal Protocol Alliance and Cred., stated:
“The Universal Euro offers access to a high rate of return and the same commitment to code quality, investor safeguards and transparency. UPEUR is architected with institutional-level security in mind and designed to allow for quick, low-cost conversion of UPEUR to fiat currencies, UPUSD, UPBTC or other digital assets. We’re thrilled to make this stablecoin available in the near future.”
JP Thieriot, CEO of Uphold, added:
“The Universal Euro is part of a family of tokenized digital assets we have introduced that will facilitate the instant and seamless conversion of different forms of value. In doing so, the UP Platform will unlock the vast and untapped full potential of blockchain to transform how individuals and businesses store and transfer value, with Universal Tokens representing the next generation of digital money.”