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1. Beginner Course

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  1. 1. What are these cryptocurrencies?
  2. 2. Bitcoin - the story of a technological revolution
  3. 3. Satoshi Nakamoto, who is the creator of Bitcoin?
  4. 4. Vitaly Buterin – the creator of Ethereum
  5. 5. What is blockchain, and how does it work?
  6. 6. What is an NFT token?
  7. 7. What is money?
  8. 8. Cryptocurrencies vs fiat money, which will win?
  9. 9. What is DeFi (Decentralized Finance)?
  10. 10. DeFi: opportunities, advantages and disadvantages of decentralized finance
  11. 11. What is an altcoin?
  12. 12. Stablecoins - What are they?
  13. 13. Cryptocurrency wallet - what is it?
  14. 14. Why do we talk about bull and bear markets?
  15. 15. Security in the crypto market - what rules are worth following?
  16. 16. What is the seed phrase in cryptocurrencies?
  17. 17. Dogecoin and memecoin - what are they?
  18. 18. What is a Ponzi scheme?
  19. 19. What is a Soft and Hard Fork?
  20. 20. Blockchain - examples of use
  21. 21. Is blockchain safe?
  22. 22. What are the types of blockchain networks?
  23. 23. What is blockchain network congestion, and how does it work?
  24. 24. Cryptocurrency wallets: Hot Wallet vs. Cold Wallet - key differences!
  25. 25. Cryptocurrency wallet diversification
  26. 26. Halving Bitcoin - what is it, and how does it affect the price?
  27. 27. Blockchain versus databases: key differences!
  28. 28. How do you transfer cryptocurrencies?
  29. 29. The most important cryptocurrency acronyms/slang you need to know!
  30. 30. The memecoin story: madness or great investment?
  31. 31. What is Ethereum? 
  32. 32. Everything you need to know about gas fees in Ethereum!
  33. 33. Gavin Wood: Blockchain Visionary and Co-Founder of Ethereum
  34. 34. Decentralized Apps – what are they?
  35. 35. What is Proof of Work (PoW) and what is Proof of Stake (PoS)?
  36. 36. What is the Proof of Authority (PoA) consensus mechanism?
  37. 37. What is Proof of Burn (PoB)?
  38. 38. What is a whitepaper? What is its purpose, and how do you write it?
  39. 39. Smart Contracts - what are they?
  40. 40. Know your customer (KYC) and Anti-money laundering (AML) what are they in the cryptocurrency industry?
  41. 41. Blockchain and NFT games - how to make money on them?
  42. 42. Liquidity in the cryptocurrency market
  43. 43. Inflation and its effects on financial markets
  44. 44. What is stagflation and why does it have a negative impact on the market?
  45. 45. What are utility tokens and what use do they have in the cryptocurrency sector?
  46. 46. What is cryptocurrency mining?
  47. 47. What is the mining difficulty?
  48. 48. What is compound interest, and how does it work?
  49. 49. What Are Privacy Coins and Are They Legal?
  50. 50. What is CBDC - central bank digital money?
  51. 51. What is Cryptocurrency Airdrop all about?
  52. 52. Key differences between ICO, IEO and STO
  53. 53. What are decentralized DAO organizations, and how do they work? What are DAO tokens?
  54. 54. What is EURT? How does it work?
  55. 55. What is the difference between Circulating Supply and Total Supply?
  56. 56. Snapshot from the world of cryptocurrencies - what is it?
  57. 57. What is the Fear and Greed index for cryptocurrencies?
  58. 58. APR versus APY: what is the difference?
  59. 59. What is an Initial Farming Offer (IFO)?
  60. 60. What is Regenerative Finance (ReFi)?
  61. 61. Who Is Craig Wright, the Alleged Creator of Bitcoin?
  62. 62. What Is Bitcoin (BTC.D) Dominance?
  63. 63. Michael Saylor, Self-Proclaimed Bitcoin Maximalist
  64. 64. Bitcoin Pizza Day
  65. 65. AI blockchain - a new look into the future?
  66. 66. What is WorldCoin? Everything you need to know about this cryptocurrency!
  67. 67. Azuki NFT collection guide: everything you need to know about it!
  68. 68. The 10 most expensive non-fungible tokens (NFTs) ever!
  69. 69. The Bored Ape Yacht Club (BAYC) - the story of the popular NFT collection!
  70. 70. CyberPunks - the story of the most popular NFT collection in the crypto industry!
  71. 71. NFT Art: The digital art revolution - history and examples!
  72. 72. Who is Changpeng Zhao, CEO of Binance?
  73. 73. Who is Brian Armstrong - CEO of Coinbase?
  74. 74. Who is Galy Gensler and the SEC? How does the Securities and Exchange Commission (SEC) affect the cryptocurrency market?
  75. 75. Web3's most popular social media platforms! Will they replace the platforms we know?
  76. 76. What is IoT - the Internet of Things?
  77. 77. On-chain analysis in the cryptocurrency world: Everything you need to know about It
  78. 78. Can you pass on your cryptocurrencies after death? How do you pass on a cryptocurrency inheritance?
  79. 79. What is the Howey test? What application does it have in cryptocurrencies?
  80. 80. The use of blockchain technology in the world of sport
Lesson 54 of 80
In Progress

54. What is EURT? How does it work?

You should already associate the name itself with certain assets you know. EURT is a stablecoin created by Tether that is tied to EURO, the world’s second-largest currency.

We have little information about EURT at the moment, as the project itself is still relatively young. Tether is the company responsible for creating stablecoins like USDT (pegged to the dollar) and XAUT (pegged to gold). In this project, as already mentioned, the value of the stable is pegged to the value of the euro.

With this move, Tether aims to expand its stablecoin offering and become the main provider of this type of solution. They enable a secure connection between the entire financial ecosystem and the cryptocurrency sector. Such connections minimize the high volatility of digital assets, encouraging new investors to invest in the sector.

Where did the idea for EURT come from?

31 December 2017 was the day Tether first released its token on the Ethereum network. Since then, EURT has developed strongly on the Ethereum and OMNI networks. This makes EURT the second largest and most popular stablecoin created by Tether.

It uses smart contracts and the ERC-20 model to create it, and is a token that can be quickly deployed in other EVM-compatible blockchain ecosystems. This makes EURT easy to adopt and does not require any changes to the way the token works when adopted across other networks.

Complete your knowledge!

What is the Ethereum Virtual Machine? [MASTER LEVEL]

How does the EURT token work?

EURT is a token created using the ERC-20 standard and pegged 1:1 to the world’s second-largest currency, the euro. It works in the same way as the other stablecoins we know:

  • When a user wants to apply for a Tether issue, he registers on the platform. He goes through the KYC and AML verification and then deposits the corresponding euro amount. This is the collateral used for EURT issuance.
  • The aforementioned collateral is crucial for Tether. The company uses them to issue EURT.
  • Once the deposit is made, Tether Limited generates the corresponding number of EURT tokens in the user’s account. These are created at a ratio of 1:1 to the amount deposited.
  • The active EURT balance in your account can be used like any other ERC 20 token.
  • EURT is subject to exactly the same rules as any other stablecoin. So if you want to hold the tokens discussed today, your wallet must be compatible with the ERC-20 standard.

Why were EURT coins created?

As we mentioned in the paragraph above, EURT tokens function like other stablecoins. They therefore perform a number of functions similar to those of regular stablecoins:

  • EURT minimizes losses on transactions between cryptocurrencies and traditional financial markets.
  • Stablecoins do not restrict you in normal transfers, whether in the blockchain ecosystem or in traditional monetary systems.
  • EURT allows exchanges to be highly liquid or protected from the volatility of cryptocurrencies.
  • It is a great investment tool in exchanges or cryptocurrency markets.
  • EURT also enables blockchain-based currency exchanges that support USDT and EURT payments.
  • It is ‘simple’ to build, so it can easily be compatible with other ecosystems that support EVMs.


EURT is an interesting solution proposed by Tether. Both in its functioning and design, it is not much different from the stablecoins we are familiar with. Due to its growing popularity, more and more exchanges are starting to list this stablecoin. However, keep in mind that any investment comes with risks.

Before making an investment decision, get to know the cryptocurrency, token or project in question!

Related topics:

What is liquidity in cryptocurrency markets? [BASIC LEVEL]

What are stablecoins? [ENTRY LEVEL]

What is an ERC-20 token? [INTERMEDIATE LEVEL]