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.
