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Announcing PetEUR, a relatively stable stablecoin

PetEUR is a tokenized 1 EUR coin. The supply of this relatively stable stablecoin is 100 units, where 1 unit is equal to 1 cent.

Those of you who had followed my PowPing profile were given one PetEUR unit (0.01 PEUR) via Money Button. The stablecoin "lives" in the Money Button wallet.

To show I'm not putting just empty words here, this is what actually backs the stablecoin:

Notice how it's actually 100% backed by real money, unlike some other competing stablecoin projects, such as Tether or USDC. Have you seen those entities publish photos of their money reserves? Indeed, PetEUR is superior.
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orac tipped:
petergec tipped:
glauce tipped:
max tipped:
rhubab tipped:
When will you do a professional audit to proof that you own and don't have any debt attached to the 1 EUR seen in the image above? ;-)
pete replied:
πŸ˜ƒ Unfortunately auditing the financial situation would cost too much.
Hey cool! I was wondering what that was I received in my MB. Is it difficult to create your own tokens on MB? Or is it more for the technical folks for now
pete tipped:
pete replied:
It's difficult for now. πŸ˜‰ I've been building a website where anyone with a Money Button wallet can make tokens in under 1 minute. The website is almost ready. The logical next step after that is to figure out how to make a token exchange.
I was smiling, sure I was following you, how come I am not?... Anyway, that was not a hint of any sort, just exactly what happened... πŸ˜†
pete tipped:
glauce replied:
Congratulations for the new token@pete! Great idea to tokenise the 1 EUR coin!
pete replied:
Thank you. :-) Someone at Twetch had created another token, ShuaCoin. This tokenization thing is finally happening.
glauce replied:
You are so cool, never said anything, thank you for the surprise!!! My PetEUR feels extra special... collector's item... 😁... yes, tokenisation has arrived!
pete tipped:
I think I should issue a stable coin pegged to the soviet big one ruble. At least its heavy.
pete tipped:
received πŸ˜ŠπŸ™
pete tipped: