Stablecoin EUSD launched in the largest exchange of Korea, to trade it more quickly and conveniently
Bithumb Global, as the international station of the exchange in Korea, in addition to its huge volume of Korean market, continuing to focus on the international market, deepen the incremental market of cryptocurrency users, and provide digital asset trading services to users around the world.
Currently, the C2C section has been launched on Bithumb Global, which provides point-to-point trading services for digital assets such as USDT, BTC, and ETH.
And recently, Stablecoin EUSD has launched on C2C section too, so that users around the world can simply and conveniently buy and sell digital assets with local fiat currency. Currently, EUSD/CNY trade is supported.
About the Stablecoin EUSD, how much do you know about it?
EUSD is the official token of Epay, which is pegged with US dollar. But different from most of other stablecoins, EUSD has a real application scenario to support its value. It acts as a transaction medium in Epay global remittance network, which can be not only used for users to deposit & withdraw, use, trade, etc but can be used as a currency of settlement between Epay remittance agents, making cross-border remittance faster, safer and cheaper. As far as I am concerned, EUSD can be called a real Stalecoin.
Stablecoin EUSD launched in the largest exchange of Korea, to trade it more quickly and conveniently
EUSD has been listed in C2C section may be great news for Chinese crypto investors. For them, there is a way to trade EUSD with their own currency if they don’t have US Dollar. and they can withdraw it to Epay wallet and exchange it or other fiat currency. Personal to personal trade seems more quickly and conveniently to them. For foreigner traders, if you want to buy EUSD, you can buy with multiple currencies such as USD, JPY, EUR, AUD, IDR and so on.
At present, because CNY is keeping devaluating, if you now buy EUSD on Bithumb with CNY, and withdraw it to Epay, then sell it for USD, you can make profits from it. It is the same as to arbitrage between USDT and USD when USDT price is lower than USD.
Epay official website:https://www.epay.com/en/index.htm
Bithumb global: https://www.bithumb.pro/en-us