Universal Protocol Alliance Launches Universal Euro Stablecoin

Euro stablecoin now available on Uphold, up to 8% interest with
CredEarn

SAN FRANCISCO–(BUSINESS WIRE)–The
Universal Protocol Alliance
, a coalition of leading blockchain
organizations including Bittrex International, Brave, Uphold, Cred,
Blockchain at Berkeley, and CertiK, today announced the launch of the
Universal Euro (UPEUR) in select jurisdictions. UPEUR is a Euro-pegged
stablecoin collateralized 1:1 with the Euro and can earn up to an 8%
annual return through the CredEarn
application
.

The Universal Protocol (UP) Alliance is a coalition of some of the most
respected organizations in the world of blockchain that have united
around a new universal transparent reserve standard that aims to attract
the next 100 million users to cryptocurrency. By creating new, powerful
digital asset products the UP Alliance aims to appeal to everyday
consumers.

The Universal Euro: Transparency, Low Volatility, and Returns

The Universal Euro stablecoin is aimed at users looking to keep their
assets in Euros, and those looking for low volatility and a competitive
annual rate of return. In countries with high inflation or limited
access to traditional banking, users can now lend their Euro-pegged
assets and earn interest. To earn a return, users in eligible
jurisdictions can lend their UPEUR via the CredEarn application on
Uphold. UPEUR provides a transparent and secure way for users to store
their digital assets held on a 1:1 basis.

“The Universal Euro is the latest digital asset product from the UP
Alliance and will introduce Euro-denominated stablecoins to those who
appreciate the stability of the Euro and the efficiency and returns
crypto can offer ,” said Dan Schatt, Co-founder of the Universal
Protocol Alliance and Cred. “We have given this stablecoin the same
level of commitment to code-quality, transparency, interoperability and
investor safeguards as all Universal Tokens.”

UPEUR is the third digital asset to be launched on the Universal
Protocol Platform within the past few months. It was preceded by the
Universal Dollar (UPUSD), the US Dollar pegged equivalent of UPEUR, and
Universal Bitcoin (UPBTC) – a bitcoin proxy token that enables Ethereum
applications to interact with the bitcoin network. The UP Alliance mints
between 6-8 new tokens each year.

“The UP Alliance has a steadfast mission to bring 100 million new users
into the world of crypto currency by building products that disrupt
traditional models and provide real value to consumers,” said JP
Thieriot, Co-founder of the Up Alliance and CEO of Uphold.

To learn more visit: https://medium.com/universalprotocol/meet-the-universal-euro-de8b7ef96c7b

About the Universal Protocol Alliance

A coalition of cryptocurrency companies and blockchain pioneers, the
Universal Protocol Alliance seeks to accelerate the adoption of
blockchain as a mainstream financial technology by making digital assets
more accessible, secure and convenient to own. The Alliance Members
consist of Bittrex, Cred, Uphold, Brave Software, Blockchain at Berkeley
and CertiK.

Note: The information herein is provided for informational purposes
only and is not an offer to sell, and shall not be deemed a solicitation
of an offer to buy, any tokens. UPEUR is not available in all
jurisdictions. Any offering or sale will be made in compliance with the
laws of relevant jurisdictions, including those of any countries which
prohibit the sale of digital assets or cryptocurrencies or who are
located, organised or resident in a country or territory that is the
subject of country-wide or territory-wide sanctions. CredEarn is not a
deposit relationship. Interest accrues on amounts actually borrowed by
Cred, and is calculated on a simple interest basis based on the number
of days and amount of the assets borrowed. Not all customers will be
able to participate and not all funds may be borrowed. Persons who
affirmatively opt in to the service. Additional terms and conditions
will apply.

Learn more at: www.universalprotocol.io

Contacts

Media Contact for Universal Protocol:
Addison Huegel
addison@blockpr.io