Binance halts trading on euro-pegged stablecoin AEUR as it surges over 200%
The anchored euro (AEUR) stablecoin, which is supposedly pegged to 1 euro, surged over 200% on Dec. 5 after being listed on the crypto exchange yesterday. Throughout most of the day, the AEUR-USDT trading pair hovered around $1.08, aligning closely with the prevailing EUR-USD exchange rate, as per Binance’s trading data. However, at approximately 17:45 UTC, the token’s value began to climb rapidly, accompanied by high trading volumes, reaching a peak of $3.25. Binance halts trading on euro stablecoin $AEUR after it pumped 170% pic.twitter.com/uHgxBgSLQM — db (@neuralinkdb) December 5, 2023 Binance responded to this unexpected volatility by halting trading of the token, as announced in a later X post. #Binance has suspended trading of $AEUR due to abnormal volatility. Thanks for your patience and our team is working towards reopening trading soon.https://t.co/F80OVDG1qk — Binance (@binance) December 5, 2023 AEUR is issued by Anchored Coins, a Swit...