DeFi

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

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.

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 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.

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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.