EU firm’s head trader explains why euro stablecoins are hard to come by
Cointelegraph
Published Dec 10, 2020 01:46PM ET
Updated Dec 10, 2020 03:20PM ET
A number of popular U.S. dollar-pegged stablecoins exist on the crypto market. Stablecoins based on the euro also exist, but are notably less liquid, according to Zahreddine Touag, co-founder and head of trading at Paris-based market making firm Woorton.
“There’s not any euro stablecoin that is very liquid,” Touag said on Thursday during a Paris Blockchain Week conference panel, noting multiple points of rationale. The most impactful reason: “It’s very costly to do a euro stablecoin,” he noted, adding:
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Written By: Cointelegraph
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