DeFi

Angle Protocol’s Euro Stablecoin agEUR Live On Avalanche And BNB Chain

Angle protocol announced that its Euro stablecoin agEUR is live on Avalanche and BNB Chain. Users can access the Angle bridge page to bridge agEUR from chains already supported by Angle to Avalanche or BNB Chain.
Angle Protocol's Euro Stablecoin agEUR Live On Avalanche And BNB Chain 3

According to the project, users can for the first time enjoy DeFi without having to care about losing money because of Forex risk with agEUR.

To get agEUR on Avalanche or BNB Chain, users simply head to Angle bridge page and use LayerZero Lab-powered infrastructure to bridge agEUR from one of the chains already supported by Angle.

Angle protocol has created a one-of-a-kind configuration that allows agEUR to flow seamlessly from one blockchain to another while maintaining high-security standards and a one-of-a-kind standard for it with no slippage, no fees, and complete transparency over the various stages of the bridging process.

Angle Protocol's Euro Stablecoin agEUR Live On Avalanche And BNB Chain 4

Angle protocol is a decentralized, capital-efficient, and over-collateralized stablecoin protocol composed of smart contracts running on open blockchains. The protocol was launched in November 2021, and users can start using it at app.angle.money.

It can be used to issue stablecoins, called agTokens, that are pegged to a specific value. This means that these tokens are designed to mirror the value of the asset they are pegged to. Angle has started with agEUR, a Euro (EUR – €) stablecoin.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Missed the AAVE Bullish Ride? This New Presale Can Turn Your Thousands into Millions

While Aave finds itself in uncertain territory, a fresh face in the crypto scene, Qubetics…

3 hours ago

Dogecoin Price Forecast: Analysts Push For $0.2288 DOGE While This Ethereum Altcoin Eyes 8,000% Gains In The Next 16 Days

Analysts push for a Dogecoin price surge to its $0.2288 yearly high while ETFSwap (ETFS)…

3 hours ago

Below $1 Swift Altcoin Competitor Could Overshadow XRP Price Potential Election Rally 

Discover the promising altcoin under $1 that may outperform XRP amid election volatility and market…

3 hours ago

Polkadot and SP Negócios Collaborate to Enhance Crypto Economy Development

Campinas, Brazil, 5th November 2024, Chainwire

4 hours ago

Terra Shuttle Bridge Has Now Been Disabled

Terra Shuttle Bridge has now been closed, and all remaining LUNC and USTC tokens have…

5 hours ago

FLOKI Announces Dubai Takeover with WAFI Mall Campaign

Miami, Florida, 5th November 2024, Chainwire

6 hours ago

This website uses cookies.