Binance delists 'stablecoin' AEUR after it pumped 200% on launch
Binance listed ‘ stablecoin ’ Anchored Coins EUR (AEUR) with a zero trading fee promotion on Monday, which pumped nearly 200% before the Crypto exchange halted trades the next day due to “abnormal volatility.” Swiss-based Anchored Coins claims that its AEUR stablecoin is pegged to the euro. Upon launch, it traded around $1.08 as intended until 17:45 UTC — when high volumes raised the price up to $3.25, CoinDesk reports. According to Binance’s site, AEUR had crept down to $1.71 when the stablecoin was pulled. It lists the stablecoin’s market cap at $13.99 million at press time, with a 24 hour volume of $34.61 million and $5 million in circulation. CoinDesk noted that the last trade was made for $2.89, or 167% beyond the price of the euro. Binance halts trading on euro stablecoin $AEUR after it pumped 170% pic.twitter.com/uHgxBgSLQM — db (@neuralinkdb) December 5, 2023 Read more: Moody’s reports 600 stablecoin depegs in 2023 Anch...