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Can someone explain how EUR is pegged on nexo? How

safe is it to invest and to avoid depeg such as happened with ust?

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It depends on where you’re from?

With fiatX assets (EURx, USDx, GBPx), there’s simply an agreement between the client and Nexo that the fiat they add to the platform will be converted on a 1:1 basis upon topping up and a 1:1 basis upon withdrawal. The funds are visualized as Fiatx while the user holds them on Nexo and are pegged 1:1 to the underlying fiat currency.

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