Cake Wallet supports the “European Defi” with Yield and Stablecoin del Euro

Cake Wallet, a Bitcoin and cryptocurrency autocustody wallet, launched its 5.1.0 version on July 2, 2025, integrating the support for Deuro, a stablecoin based on the euro. This update brings native connection to the Tor Network, which existed in Cake Wallet but was outsourced, for anonymous transactions and privacy improvements when using the platform. This update is only initially available for Android.

According to the publication of Cake Wallet, the Deuro support allows European users to access decentralized finances (DEFI) and strengthen privacy in their operations.

For now, This cryptocurrency only has 2 million market capitalizationaccording to Coingcko, and is sold to herself as the only “completely decentralized” stablinin and the only one that does not require the use of an oracle to maintain its anchored quotation. Its website is directed by an association of members who ensure only to be promoters and have no control over the protocol.

Oracles manipulation attacks are a type of attack in which an adversary exploits the data sources (oracles) on which smart contracts depend to make decisions. When manipulating the data provided by the oracles, attackers can deceive intelligent contracts to execute transactions based on false information, which often results in the theft of cryptocurrencies.

Deuro, stablecoin of the European currency.

The integration of Deuro introduces an alternative to the stablecoins called in dollars, which are predominant in the defi ecosystem, while those of the European currency are less used. According to Cake Wallet, Deuro allows European users Obtain yields up to 10% per year from the purse interface.

Other improvements in Cake Wallet

The native incorporation of Tor, meanwhile, eliminates the need for the ORBOT external tool, which Cake Wallet previously recommended for anonymous connections. Although this function is experimental and is limited to Android, it allows all the Wallet connections through the onion router network, guaranteeing greater anonymity in transactions and activities within the application.

According to Vikrant Sharma, CEO of Cake Wallet, this improvement promotes “digital sovereignty” by combining private money with private networks. Users maintain control over their configurations, being able to adjust the balance between safety and convenience according to their needs.

The Version 5.1.0 also includes improvements in Solana and Polygon networkswhich now offer faster and more reliable transactions, as well as an optimized integration of Walletconnect for more stable connections with decentralized applications.

Abysmal gap between stablecoins dollars and euros

Apart from Deuro, the Coingcko portal ready some 21 stablcoins of this currency. EURO COIN, STASIS EURO, EURO TETER, CELLO EURO, EUR COINVERABLE, MONERIUM EUR, EUROE, among others. The most popular and “reliable” is EURC, issued by Circle, the same company that issues USDC.

EURC has a market capitalization of about 200 million dollars, while USDC, its counterpart anchored to the US dollar, has a MARKET CAP greater than 600 billion. This discrepancy It reflects the abysmal difference between balloon regions in the adoption of stablcoins. Precisely, the Yield 10% with Deuro would seek to encourage the use of stablcoins anchored to the currency, in support of the defi movement in Europe.

Since its launch in 2018, Cake Wallet has been a wallet dedicated to privacy that allows cryptoactive exchange such as Bitcoin, Monero, Litecoin and now Deuro, among others. Open source, the purse has integrated technologies such as Silent Payments for Bitcoin, although it currently presents problems with the functioning of this capacity.

The Cake Wallet update is available for Android, while the integration of Tor for iOS is still under development. Users can download the new version and explore these functions through the official Cake Wallet channels.