FTX offers prizes for the arrival of the EUROC stablecoin

To celebrate the new possibility to deposit and withdraw the EUROC stablecoin on its platform, FTX is offering € 150,000 to the community. The cryptocurrency exchange specifies for this that it is enough to deposit 100 euros, to be able to benefit from part of the prize.

FTX allows the deposit of EUROC and offers 150,000 euros to the community

The exchange of cryptocurrencies FTX now supports Circle’s EUROC stablecoin deposits on its platform. To celebrate the occasion, 150,000 euros in prizes have been assigned and will be shared among users:

It is not strictly speaking yet a list of activities. The latter, in fact, is not yet redeemable on FTX and is only possible to deposit or withdraw it for the moment.

This promotional operation, which began last Friday, will end on August 12 at 4:00 pm Paris time. To participate, enough deposit 100 euros in fiat or EUROC to your FTX account. But be careful, it is specified that it is necessary to go through the Web version of the site, the mobile application FTX.App and FTX.US are not suitable for the event.

The 150,000 euros will therefore be shared equally among all eligible participants within 14 days of the transaction. If there are, for example, 1,000 participants, this will cost 150 euros per person.

👉 To go further – Find out how to use the FTX platform to participate in the operation

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The timid beginnings of the EUROC stablecoin

Unveiled last June, Circle’s new stablecoin has yet to make its way into the ecosystem. If we refer to its smart contract on the Ethereum blockchain, its capitalization currently amounts to just over a million euros.

Most of this capitalization was therefore established in Julybecause the June audit report, on the Club’s website, only attested to an offer of 2,186 euros.

EUROC should therefore be listed on FTX very soon after this trade. For the moment it is available on platforms such as Bitstamp, Binance.US, Bitpanda or on Uniswap in a decentralized way.

Instead the dollar dominates the stablecoin market by farit will be interesting to observe the behavior of Circle’s newborn for years to come.

👉 Also in the news: Honduras creates “Bitcoin Valley” to accelerate cryptocurrency adoption

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Sources: FTX, Circle

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