Bitfinex launches EURS, XCHF, and WBTC trading against ETH and USD

[Magician]

Bitfinex releases new updates even though they are neck deep in a lawsuit against the New York Attorney General. The exchange posted a tweet which stated:

“We are pleased to introduce trading for Stasis Euro (EURS), CryptoFranc (XCHF) and Wrapped Bitcoin (WBTC).”


Bitfinex’s blog about the same stated that the trading for the above-mentioned assets has been enabled. EURS is a tokenized version of the euro, which allows cryptocurrency users on Bitfinex to trade a stable version of the Euro currency. At press time, EURS was ranking 123 on CoinMarketCap.

The official website for Statis stated that their tokens “are always backed 1:1 by collateral held in reserve accounts”. In addition, they also mentioned that they provide verifications for the audits done by the top 5 global accounting firms. Statis stated:

“The EURS stablecoin combines the benefits of blockchain technology with the reputation and relative stability of the euro… Most cryptocurrency holders are subject to significant volatility and counterparty risk. EURS mitigates these risks by letting users hold a stable digital asset, transparently backed by euro reserves.”

In addition, XCHF is an ERC20 token built on the Ethereum blockchain which was launched by Swiss Crypto Tokens AG. According to Etehrescan, the total supply of XCHF tokens was at 12.03 million.


WBTC, the third token that is being listed on Bitfinex, is also an ERC20 token, which tracks the price of Bitcoin through 1:1 backing, bringing the liquidity of Bitcoin to the Ethereum blockchain.

Furthermore, according to their announcement, these tokens will be trading against Ethereum [ETH] and U.S. Dollars on Bitfinex.

A Twitter user @InstaCryptoNews tweeted:

“Happy to hear that & As always we Instantly Retweeted this news to our Community.”

Bitfinex has been in a tight spot ever since the NYAG’s office filed a lawsuit that revealed a highly debated and speculated rumor about Tether’s reserve and if it was actually backed 1:1 with traditional currencies.

Source