USD and Euro Stablecoins minted by UP Alliance and provides on-chain transparency
VADUZ, Liechtenstein, March 20 (Bernama-BUSINESS WIRE) —The Universal Protocol Alliance, a coalition of leading blockchain organizations including Bittrex Global, Cred, Uphold, Blockchain at Berkeley, and CertiK, today announced the listing of three tokens on Bittrex Global: the Universal Dollar (UPUSD), a USD-pegged stablecoin collateralized 1:1 with the US Dollar; The Universal Euro (UPEUR), a EURO-pegged stablecoin collateralized 1:1 with the EURO, and the Universal Protocol Token (UPT), the Alliance utility token that will offer holders valuable benefits from Alliance members. Bittrex Global will be offering a lower fee structure for UPT holders.
The Universal Dollar and Universal Euro: Transparency, Low Fees, and Returns
The Universal Dollar and Euro stablecoins are aimed at users looking for an alternative to existing stablecoin products, and those looking for low volatility and a competitive annual rate of return. In countries with high inflation or limited access to traditional banking, users can now lend their EURO and USD-pegged assets and earn interest. To earn a return, users can stake their UPUSD via the CredEarn application on Uphold. In developed countries, UPUSD and UPEUR provide a transparent and secure way for users to store their digital assets held on a 1:1 basis licensed and insured banks.