EUSD AND USDT: TWO POTENTIAL CRYPTOCURRENCY AT THE PRESENT

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EUSD VS TETHER

Currently in the crypto market there are more than 8000 different cryptocurrencies. Its value, coverage and position are being confirmed every day in the cryptocurrency market. In today’s article, we will compare EUSD (EggsBook USD) and Tether (USDT). Then give an in-depth analysis at the respective liquidity of each cryptocurrency as well as the transparency of the issue. See which cryptocurrency suits demand best!

EUSD EGGSBOOK

THE DIFFERENCES BETWEEN EUSD AND USDT

Concept

EUSD (EggsBook USD) is released by the company DAPPS TECHNOLOGIES LTD established with the aim of applying the latest technology based on the Blockchain platform. EUSD started circulating in 2021 and will explode in the near future.

Tether (USDT) is issued by Tether Holdings, a subsidiary of iFinex and the largest stablecoin based on market cap and transaction volume, and was started in 2014.

Feature

EUSD helps people participate in the EggsBook ecosystem and the 123Betnow ecosystem because it is the official currency for exchanging and participating in these ecosystems. For the EggsBook ecosystem, EUSD serves as the main currency, used to buy items and fish for members of EggsBook to join in order to increase profits. Because EggsBook is a highly entertaining and income generating game for players when the gameplay is simple and engaging, the game’s characters are diverse, opening up limitless potential.

The game provides players with many utilities and missions for the opportunity to experience and receive many attractive rewards, a game aimed at educating financial knowledge through fish farming as well as a solution to increase income is not limited to age and apply the advantages of Dapp (transparent, convenient, cannot be tampered with).

As for USDT, this cryptocurrency has been widely used and has a strong foothold in the cryptocurrency market. Besides, Tether (USDT) is supported by banks all over the world, it help users gain many benefits from cryptocurrency trading, where this currency is not subject to volatility of cryptocurrencies and USDT trading will make transactions faster and easier, helping you to reduce worrying time while waiting (although patience is necessary, but if it’s a little faster, it’s always good. than).

ADVANTAGES AND POTENTIAL FOR DEVELOPING EUSD AND USDT IN THE FUTURE

While USDT is considered as a popular cryptocurrency around the world, it overcomes the shortcomings of both crypto and USD in payment problems. Applying blockchain, USDT has full features that a cryptocurrency should have because it is easy to transfer and receive with addresses that no one can look up sender information, public transactions.

EggsBook USD is used in many different ecosystems, so this cryptocurrency has many different ways to exchange and trade. In addition, for EUSD transactions, the transaction fees are extremely low. This helps investors to optimize their trading profits.

Moreover, Cryptocurrencies are quite famous in the market for their price volatility, it contains opportunities but still contains a lot of risks. Therefore, the introduction of a base currency, with stable value, is very useful for EUSD users. If you want to convert and sell off fiat currencies, you may have to wait for processing quite a while. During this waiting period, it is possible that the cryptocurrency you want to invest in has transformed into another form. Instead of missing the opportunity, EUSD is your lifesaver.

In addition, EUSD also solves the payment limitations of fiat currencies, while meeting the stability that BTC or other altcoins cannot do.

First, because of the nature of a cryptocurrency, EUSD is easily traded without having to disclose the sender and receiver information and not having many other problems as with the transfer and receipt of fiat money, especially sending money back from abroad.

Second, because the price is anchored by USD, EUSD is more stable compared to other cryptocurrencies. Thanks to this stability, EUSD becomes a powerful weapon to “avoid storms” when the market fluctuates.

Third, usually, the majority of crypto exchanges only support coin or token wallets without fiat wallets. If investors do not have an external wallet available, they will have to use fiat money to buy coins. In case you want to sell coins to convert to fiat money and withdraw to your bank account, it takes a long time. Meanwhile, EUSD transaction time is very fast, only from a few minutes.

A special point that needs to be mentioned is that USDT and EUSD are both stablecoins and before we talk about the stablecoin trend in 2021, let us recall a bit about the formation and development of the Stablecoin ecosystem from year 2013 until now.

Stablecoin really exploded in 2018 with more than 36 consecutive Stablecoin projects being launched to the market, accounting for more than 54% of the total current stablecoin. Because stablecoins have the advantages of price stability when trading as well as supporting investors and traders to “avoid storms” when the market drops without having to convert to fiat money (USD, VND, … )

It is predicted that 2021 will still be a strong year for Stablecoin with the participation of big names like JPM Coin of J.P.Morgan or Facebook’s Libra(DIEM).