Cryptocurrency exchange Binance will compensate the losses of users who mistakenly purchased the AEUR coin, whose value should be fixed.
Issued by Switzerland-based Anchored Coins and pegged to the euro AEUR after listing on Binance unexpectedly rose.
AEUR-USDT parity normally be $1.07 value of stablecoin while waiting It went up to $3.25.
The rise in AEUR price, its who didn’t realize it was actually a stablecoin It may be caused by users. In the statement made by Binance, it was said:
“The community has received AEUR very well, including users who may not have realized it was a stablecoin, and there was a lot of demand for AEUR, which led to price divergence.”
Binance had temporarily suspended AEUR/USDT, AEUR/BTC, AEUR/ETH and AEUR/EUR pairs on the platform, citing “abnormal volatility” in the price.
Exchange, Users who bought the stablecoin at a higher price than it should have He decided to repair his losses. Users who purchased AEUR on Binance on Tuesday between 20:41-21:31 Turkey time and have not sold it yet will be able to apply for this.
The process is planned to start within three days.