FTX offers rewards for the arrival of the stablecoin EUROC

To display the new possibility of depositing and withdrawing the EUROC stablecoin on its platform, FTX is offering 150,000 euros to the community. The cryptocurrency exchange specifies for this that it is enough to deposit 100 euros, in order to be eligible for part of the reward.

FTX allows EUROC deposit and offers 150,000 euros to the community

The cryptocurrency exchange FTX now supports deposits of Circle’s EUROC stablecoin on its platform. To celebrate the occasion, 150,000 euros in rewards have been assigned and will be shared among users:

It is not yet strictly speaking an asset listing. Indeed, the latter is not yet redeemable on FTX and it is only possible to deposit or withdraw it for the moment.

This promotional operation, which started last Friday, will end on August 12 at 4 p.m. Paris time. To participate, just deposit 100 euros in fiat or EUROC on his FTX account. Attention however, it is specified that it is necessary to go through the Web version of the site, the mobile application FTX.App and FTX.US are not susceptible to the event.

The 150,000 euros will then be shared equally between all eligible participants within 14 days of the operation. If there are, for example, 1,000 participants, this will cost 150 euros per person.

👉 To go further – Learn how to use the FTX platform in order to participate in the operation

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The timid beginnings of the stablecoin EUROC

Unveiled last June, Circle’s new stablecoin has yet to make its way into the ecosystem. If we refer to its smart contract on the Ethereum blockchain, its capitalization currently amounts to just over a million euros.

Most of this capitalization was therefore incorporated in Julybecause the June audit report, present on the Circle website, only attested to an offer of 2,186 euros.

The EUROC should thus be listed on FTX very soon following this operation. For the moment, it is available on platforms such as Bitstamp, Binance.US, Bitpanda or on Uniswap in a decentralized way.

Whereas the dollar dominates the stablecoin market by farit will be interesting to watch the behavior of Circle’s newborn in the years to come.

👉 Also In The News – Honduras Creates “Bitcoin Valley” To Accelerate Cryptocurrency Adoption

The exchange that has the wind in its sails⭐

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Sources: FTX, Circle

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