Tether, the company behind the biggest stablecoin by means of total market cap – USDT – has announced that CREAM Finance has become the first DeFi protocol to support their Euro-pegged EURt token.
According to a recent press release, CREAM Finance – a well-known DeFi protocol, has become the first to integrate Tether’s EURt stablecoin into its lending platform.
Users on the platform will be able to access EURt for lending and for borrowing.
Meanwhile, they can also do so using Tether’s USDT.
C.R.E.A.M. Finance will be the first DeFi platform to offer EURt to users in the DeFi ecosystem. Users on the platform will obtain access to EURt for lending and borrowing markets, amid increasing demand for euro pegged stablecoins in the DeFi space. Users can also obtain access to Tether tokens pegged to USD (USDt) on C.R.E.A.M. Finance. – Reads the announcement.
Thether’s EURt is a stablecoin that tracks the price of the Euro.