Anchored Coins raised concerns about potential issues for its digital currency,
AEUR, in light of the
FlowBank debacle.
Binance, a prominent crypto exchange, promised to compensate traders who purchased the asset during its abrupt rally, caused by an unexpected 200% surge in value on its launch. The exchange initially suspended and later delisted AEUR due to the unexpected volatility. However, it also celebrated the coin's listing with promotional offers and announced the resumption of AEUR spot trading on December 8.
AEUR, a Euro-pegged stablecoin, fell under scrutiny after its price surge, prompting trading suspension by Binance. Despite these setbacks, Binance aims for a strong comeback with significant airdrops and compensations for users. Meanwhile, Singapore-backed Anchored Coins has introduced stablecoins pegged to the Euro and Swiss Franc, contributing to a broader and diverse cryptocurrency market.
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