News

Hey there, Euro-pegged stablecoin. Meet Valora.

August 12, 2021facebook-icontwitter-iconlinkedin-icon

We’re excited to announce that Valora now supports Celo Euro (cEUR), a Celo protocol stablecoin pegged to the Euro, in our mobile app. Like most other stablecoins, cEUR provides the benefits of a global digital currency and also protects you against the price volatility that often comes with other cryptocurrencies. Cryptocurrency and blockchain technology should be accessible to everyone, so we’ve made CELO, cUSD, and cEUR all available for you to buy and use on the Valora app. It’s time to make crypto more mobile!

With the Euro posting a lower inflation rate than the US dollar in the past couple of months, attention is shifting to the European Union (EU). That’s because for these government-issued (fiat) currencies, high inflation rates mean you can buy less with your money. This is relevant to crypto since stablecoins are backed by their respective currencies. If the current inflation rates hold, Euro-pegged stablecoins will lose less value than US dollar-pegged stablecoins over time. Vice versa if rates were flipped.

"cEUR provides the benefits of a global digital currency and also protects you against the price volatility of other cryptocurrencies."

What it all comes down to is that Valora’s support of cEUR opens up more possibilities for your cryptocurrencies. You can receive cUSD in Germany, for example, and then convert it to cEUR. You can watch the inflation rates and their projections, then mix up your cryptocurrency holdings to maintain an advantageous position. Your friend can pay you for a dinner in Amsterdam with cEUR, then you can send it back out of politeness, then they can send it back, then...we think you get it! Plus, with Valora it all happens within seconds -- ever seen crypto move that fast?

People are getting hyped up. “I’m in the Netherlands and we use the Euro, so it’s great to have cEUR available to me” said one user who sent his cousin a birthday present of cEUR via Valora in celebration. Today you can cash in to cEUR in Valora in 17 countries supported by our integrated partner Ramp. We’re working together to increase our services and cash in options around the world!  

Experience the power of Euro-backed stablecoins with cEUR. Check out the Valora app today

August 12, 2021

But Wait, There's More

post-preview-image
News

Get Rewarded with Crypto Weekly with Supercharge

The most rewarding time to get into crypto is right now. Receive 12% annual return on your stablecoins with Supercharge through the Valora app.

post-preview-image
News

A Letter From Our CEO

Today, we’ve arrived at an important milestone on our journey. Valora has raised $20 million Series A from some of the world’s best investors and in the process, Valora has become an independent company.

Multiple assets on Valora and phone with the currency selector.
News

Get ready to do more in Web3

Track and send even more Celo assets in Valora