By
Godfrey Benjamin
April 26th, 2024
Issued natively on the Ethereum and BNB Chain, AEUR intends to add support for more blockchains in the near future.
Binance, the world’s largest crypto exchange by trading volume, has announced the launch of Anchored Coins EUR (AEUR) stablecoin. According to the announcement, users may begin trading the new stablecoin on its platform today by 10:00 (UTC). For a start, however, only four trading pairs will be supported. They are AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR.
As Binance commonly does its listings, withdrawal of AEUR will be delayed for at least a day. This means that, while users may start depositing AEUR right away, withdrawals will not open until 10:00 (UTC) on Tuesday.
Binance Introduces Zero Trading Fee Promotion
In celebrating the new launch and as part of its commitment to improve customer experience, the blockchain giant has also floated a promotional offer. Per Binance, its promotional offer will be divided into two folds.
First is the AEUR Zero Maker Fee Promotion. According to Binance, users will enjoy zero maker fees on any of the four spot trading pairs as well as all existing pairs.
The other promotion is that AEUR will be included in its Zero Trading Fee Promotion. In this offer, users will enjoy zero maker and taker fees on the AEUR/USDT, BTC/AEUR, and EUR/AEUR spot trading pairs.
Binance says the promotional offer will continue to be valid until further notice is passed. At this point, standard maker fees will then be returned, signaling the end of the promotion, Binance claims.
Anchored Coins EUR (AEUR) Not Anchor Protocol (ANR)
AEUR is backed 1:1 by the physical Euro and is issued by Anchored Coins AG. The idea behind it is to provide a safer and more stable option to investors who are looking to do away from the volatility of crypto.
Issued natively on the Ethereum and BNB Chain, AEUR intends to add support for more blockchains in the near future.
Interestingly, however, the listing of AEUR on Binance might have brought a price surge for the Anchor Protocol (ANC) token. For people who can’t differentiate, ANC is an entirely different token that only shares a similar name with Anchored Coin’s new stablecoin. Reacting to the latest report on AEUR, the price of the ANC token has pumped over 12% in the past 24 hours. As of publication, it was trading at $0.02291, according to CoinMarketCap data.
