EURT-HUF price

Created by Tether, the largest stablecoin issuer on the market and the issuer of the USDT, the EURT is pegged 1-to-1 to the euro with a reserve of fiat currencies managed by the company.

Right now, 1 EURT is worth Ft .

Right now, 1 Hungarian forint is equal to EURT.

Tether is the company issuing and managing the USDT and EURT stablecoins. Created in 2014, it is based in the British Virgin Islands.

A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with.

Tether being based in the British Virgin Islands, the EURT isn't regulated by any major supervising authority. It has often been challenged for its lack of transparency, but Tether has recently stepped up its efforts to address that issue. It notably publishes audit reports and daily data on the state of its reserves here. For a more detailed analysis of EURT's safety, read its rating on bluechip.org.

The EURT is designed to follow the price of the euro, it is therefore determined by it. Maintaining such peg mechanism is challenging, and it is possible for the EURT to deviate from the euro price for various technical or market reasons.

You never store EURT in itself. Instead, you store the private key giving you access and control over a wallet address that contains EURT. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send EURT, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy EURT with us here from Hungary by sending us bank transfers in HUF, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy EURT.

You can swap EURT here against one of the cryptocurrencies that we support, using any self-custodial Euro Tether wallet. For more information, have a look at our step-by-step tutorial on how to swap EURT.

To cash out Euro Tether with us, you simply need to transfer your crypto to our address. We'll convert your EURT in HUF, then transfer the funds to your bank account in Hungary. For more information, have a look at our step-by-step tutorial on how to sell EURT.