Yuro Foundation

Yuro Foundation

Yuro's stable coin stabilizes volatile cryptocurrencies, with its value derived from a basket of major currencies.

Yuro, a blockchain startup, has developed an Ethereum-based stable coin to mitigate the extreme volatility of cryptocurrency. The unpredictability of crypto assets makes it challenging for them to function as a reliable digital currency. The recent market crash, which resulted in a decline of over $500 Billion over three months, highlighted the absence of a sufficiently stable cryptocurrency to safeguard investors, leading to a loss of confidence in the entire crypto industry. Yuro was created to address this issue, offering a solution with its value derived from a basket of five major currencies. The Forex market's daily trading volume of over $5 trillion and its high liquidity contribute to low volatility, making Yuro's value exceptionally stable. Moreover, the weighted average of the five currencies is likely to surpass the performance of any single currency. Using a smart contract, Yuro tokens can be exchanged transparently, seamlessly, and securely for Ethereum, with liquidity continuously guaranteed. This liquidity enables users to hedge against Ethereum's price fluctuations.Industries: Blockchain, Cryptocurrency, Fintech Founded: 2018 Headquarter: Not Available Last Investment: Not Available Last Investment Investors: Not Available