Subscribe to stay informed about our latest updates and industry news!
Learn how EURK plans to revolutionize the stablecoin market and provide a reliable digital currency solution.
Follow us:
© 2024 Eurk
Digital assets are subject to a number of risks, including price volatility. Transacting in digital assets could result in significant losses and may not be suitable for some consumers. Digital asset markets and exchanges are not regulated with the same controls or customer protections available with other forms of financial products and are subject to an evolving regulatory environment.
Disclaimer: The information contained in or provided from or through this website is not intended to be and does not constitute investment, financial advice, trading advice, or any other type of advice.In no event will EURK or its affiliates, or any of its or their respective service providers, be liable to you or any third party for any use, interruption, delay or inability to use the software, lost revenues or profits, delays, interruption or loss of services, business or goodwill, loss or corruption of data, loss resulting from system or system service failure, malfunction or shutdown, failure to accurately transfer, read or transmit information, failure to update or provide correct information, system incompatibility or provision of incorrect compatibility information or breaches in system security, or for any consequential, incidental, indirect, exemplary, special or punitive damages, whether arising out of or in connection with this text, breach of contract, tort (including negligence) or otherwise, regardless of whether such damages were foreseeable and whether or not we were advised of the possibility of such damages.
We use cookies to improve your experience. To find out more, please read our Cookies Policy. By clicking “Accept”, you consent to our Cookie and Privacy Policy. Or you may click “Decline”to refuse to consent.
EURK Pilot Test Smart Contract is unavailable for security reasons as of 2nd of April. Therefore, EURK will not be available for buying, selling, and exchanging until further notice.
The problem is being resolved by our team of technicians.
We sincerely apologize for the inconvenience caused.
For assistance and/or to report any incident, please contact our dedicated support team at [email protected]
Please stay tuned and await further updates.
EURK Team
As more of our lives become online, so too do our financial transactions with digital assets. Digital payments are gradually supplanting physical cash and checks. This trend has ushered in an entirely new class of financial instruments: digital assets. But what exactly are they?
Join us in this blog as we explore the basics of digital assets and the main questions you may have about them. In a broad sense, digital assets refer to any financial asset that exists in electronic form rather than as a physical certificate or document.
Some key digital asset examples include cryptocurrencies like stablecoins such as EURK, which is a securely audited stablecoin that has reserves in Switzerland and the Dominican Republic. Digital assets include anything that can be traded, owned, or transferred digitally. Let’s continue!
Digital assets have grown massively in popularity in recent years for several important reasons.
As of 2017, an estimated 1.7 billion people worldwide lack access to banking services. Digital assets offer a way to bypass traditional banking infrastructure and participate in global financial markets.
Stablecoins like EURK, which is a secure and 1:1 euro-based stablecoin built on multiple blockchains, empowering innovation with reliability and efficiency, have become an important tool in serving the unbanked.
Digital asset transactions can be near-instantaneous and involve no physical paperwork or shipping. This makes them ideal for fast cross-border payments. The EURK stablecoin offers transparent transactions that are both fast and secure.
The rise of decentralized finance (DeFi) has introduced entirely new types of financial products built natively for digital platforms. From peer-to-peer lending to automated money markets, DeFi opens up new opportunities for savers, borrowers, and investors.
So while still a relatively new phenomenon, digital assets are playing an increasingly important role in financial services globally by addressing key issues around access, speed, and innovation. Their impact is only likely to grow from here.
There are several types of digital assets, but the main categories include cryptocurrencies, stablecoins, crypto tokens, such as security tokens, and utility tokens. Cryptocurrencies operate as decentralized peer-to-peer money not backed by any government or central bank.
Stablecoins aim to minimize volatility by pegging their value to established assets like the dollar or the euro. Like EURK, which is 1:1 backed by real cash in trusted bank reserves.
Crypto tokens offer new and diverse ways to make payments. For example, while security tokens represent ownership in a company or investment vehicle, utility tokens grant access to certain services on a specific blockchain-based platform.
Blockchain itself is not considered a digital asset, but rather the distributed ledger technology that powers many digital assets. The blockchain allows for the decentralized issuance and transfer of digital tokens or assets without an intermediary through a blockchain public ledger with decentralization.
Blockchain technology serves as the infrastructure enabling a new digital asset class. While all digital assets rely on blockchains, not all blockchains are assets in and of themselves. Blockchain is the railway tracks; digital assets are what move on those tracks.
No, not all digital assets are cryptocurrencies. Cryptocurrencies function like digital money as a medium of exchange. Other digital asset types serve different purposes.
For example, stablecoins aim to minimize price volatility through asset backing, security tokens represent shares in a company, and utility tokens provide access to certain services.
Any asset issued and transferred digitally is covered under the term "digital asset," while cryptocurrencies specifically serve as a decentralized medium of exchange.
Yes, stablecoins are definitely considered digital assets. Stablecoins in blockchain aim to minimize the price volatility associated with cryptocurrencies by pegging their value to stable underlying assets.
A popular type is fiat-collateralized stablecoins that maintain reserves in fiat currencies to back each token's value. By integrating the stability of fiat with the censorship resistance of crypto, stablecoins open more use cases for digital assets as a reliable store of value and medium of exchange.
For example, EURK is a euro stablecoin backed 1:1 by real cash in trusted bank reserves, built on multiple blockchains, and available on ERC20. Stablecoins are necessary for the crypto ecosystem and EURK is one of the most secure stablecoins.
The main difference between stablecoins and crypto assets is their intended purpose and price stability. Crypto assets function primarily as a decentralized medium of exchange and store of value but experience high volatility due to market forces of supply and demand.
Stablecoins, as the name suggests, aim to minimize volatility through mechanisms like asset backing that maintain a steady 1:1 value peg. For example, fiat-backed stablecoins like EURK try to eliminate volatility altogether by maintaining backing reserves.
While crypto coins can fluctuate wildly, stablecoins aim to maintain a consistent and stable value, whether used for transacting crypto payments or held long-term without concern for major price swings. Stablecoins optimize digital assets for stability over volatility.
There are no wild fluctuations like in crypto assets, allowing for predictable transactions.
Global payment transfers usually cost a small fraction of percentages rather than credit card exchange rates.
Transactions can clear instantly, rather than in traditional wired days.
Banking the unbanked globally in places with limited infrastructure.
Can be integrated into smart contracts and built into decentralized applications.
User-friendly interfaces make stable value straightforward to understand and practical.
There are a few major reasons why both retail and institutional investors invest in stablecoins.
As a stable alternative to fiat that doesn't depreciate due to monetary policy or bank risks. EURK is a secure, audited, and 1:1 euro pegged stablecoin for reliable storage of value.
Low-cost cross-border funds transfer or remittances to friends or family abroad faster than wires.
It is used as a bridge between fiat and other cryptocurrencies or digital assets due to price stability.
Earn interest by lending stablecoins to DeFi protocols since value fluctuations don't impact yield.
Adding a predictable, stable digital asset provides diversification benefits.
Looking ahead, stablecoins seem poised to significantly expand their use cases and market value as digital finance evolves. An increasing number of individuals and institutions buy digital assets like EURK as they look for opportunities to diversify their investment portfolios.
New products are integrating stablecoins into crypto wallets, crypto exchanges, lending protocols, and more. Global adoption could accelerate as stable digital currencies offer financial inclusion far beyond traditional banks.
Additionally, interoperability between blockchains will grow multichain activity. Regulations may formalize stablecoin standards to protect consumers. Stablecoins represent an intriguing new asset class, offering predictable value in an otherwise volatile cryptocurrency world.
With continued development and prudent oversight, the future of stablecoins appears bright as one of the first widespread digital assets adopted at both retail and institutional levels.
The easiest way for individuals to invest in stablecoins is by directly purchasing them on popular crypto exchanges. Exchanges allow users to convert fiat or cryptocurrencies into stablecoins with just a few clicks. For example, you can easily buy EURK on secure crypto exchanges.
Alternatively, people can earn interest on stablecoin holdings by lending them to decentralized finance (DeFi) protocols through applications. These yield-bearing products offer minimal risk due to asset backing yet higher returns than typical savings accounts.
For larger institutional investors, over-the-counter (OTC) trading desks and certain funds and ETFs provide access to added liquidity options. Overall, stablecoins present an accessible new digital investment class worth exploring.
For example, you can easily buy EURK on secure crypto exchanges like Coinstore or Bitay. You can also buy EURK from our trusted partners, Speedy, The Guardian Bank, The Kingdom Bank, and Reisbank.
After your purchase, you can transfer EURK, buy goods and services, secure your crypto assets in a crypto wallet, or sell EURK. The choice is yours.
If you need more guidance, make sure to check out “Buy and sell EURK," “Get a crypto wallet," "Connect wallet," and “Transfer EURK."
You can follow the steps we have provided for you in our step-by-step guides. Additionally, you can follow EURK blogs to broaden your knowledge about the crypto ecosystem!
Crypto and digital assets are an emerging sector bringing revolutionary technologies to traditional finance. Stablecoins especially offer an intriguing new way to transact value globally with stable, predictable prices.
As regulations continue to form to support innovation alongside responsible consumer protection, expect stablecoins and other digital assets to proliferate further integration into mainstream finance in the coming years.
With careful development aligned to the public interest, digital assets may soon become a natural part of everyday financial lives around the world. EURK is a promising stablecoin for the future of money in this aspect.
If you want to explore the stability of stablecoins with the power of the euro stablecoin platform, EURK is here for you. Become a partner and benefit your business with stablecoin solutions through a reliable stablecoin, EURK!
