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Euler token EUL surges 72% in 24 hours, tops 1.7 USDT

Euler token EUL surges 72% in 24 hours, tops 1.7 USDT

The move came after VanEck’s tokenized U.S. Treasury fund announced in May that it would connect to Euler, linking the lending protocol to a real-world asset product.

USDT

Fact Check
The primary Odaily source (503788) directly states the exact figures in the claim: EUL broke above 1.7 USDT at 1.701 USDT with a 72% 24H gain, and attributes context to VanEck's tokenized Treasury fund connecting to Euler in May. The VanEck-Euler integration is independently confirmed by The Block and CoinDesk (both dated May 28, 2026), which report VanEck's VBILL tokenized U.S. Treasury fund became usable as collateral on the Euler protocol. The price data comes from a single market-data newsflash, but the corroborating structural fact (VanEck-Euler link) is strongly verified.
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Summary

EUL, the token of Euler, climbed above 1.7 USDT and was last quoted at 1.701 USDT, up 72% over the past 24 hours. The jump follows an earlier development in May, when VanEck’s tokenized U.S. Treasury fund said it would connect to Euler, a crypto lending protocol that lets users borrow and lend through smart contracts (self-executing blockchain code). The tie-in points to growing overlap between decentralized finance and tokenized real-world assets.

Terms & Concepts
  • Euler: A crypto lending protocol for onchain borrowing and lending.
  • tokenized U.S. Treasury fund: A fund that represents Treasury exposure as blockchain-based tokens.
  • smart contracts: Self-executing blockchain code that automates transactions.