Cake Wallet, an autocustody wallet for Bitcoin and cryptocurrency, launched its 5.1.0 version on July 2, 2025, consolidating support for Deuro, a stubcoin based on the euro. This update will bring native connectivity to outsourced TOR networks that are present in cake wallets for anonymous transactions and improved privacy when using the platform. This update is initially available only on Android.
According to the publication of Cake Wallet, Deuro Support allows European users to access Decentralized Finance (DEFI) and enhance business privacy.
For now, This cryptocurrency has only a market capitalization of 2 million.According to Coingcko, he is the only one who sells himself as the “fully decentralized” stabroin and does not require the use of Oracle to maintain that fixed quotation. Its website is supervised by an association of members that only guarantees promoters and cannot control the protocol.
Oracles-manipulated attacks are a type of attack in which enemies misuse data sources (oracles) on which smart contracts rely on to make decisions. When manipulating data provided by Oracles, attackers can deceive intelligent contracts to execute transactions based on misinformation.
Deuro, European currency stub coin.
Deuro integration introduces a stable rock alternative called the dollar in the Defi Ecosystem, but European currency integration is less used. According to Cake Wallet, Deuro is allowing European users Get up to 10% annual yield from the acquisition wallet interface.
Other improvements to cake wallets
Meanwhile, the native incorporation of TOR eliminates the need for an orbot external tools that cake wallets previously recommended for anonymous connections. This feature is experimental and is limited to Android, but it allows for all wallet connections over the onion router network, ensuring greater anonymity of transactions and activities within the application.
According to Vikrant Sharma, CEO of Cake Wallet, the improvement promotes “digital sovereignty” by combining private money with private networks. It allows users to control their configuration and balance safety and convenience according to their needs.
Version 5.1.0 also includes improvements to the Solana and Polygon networksIt provides faster, more reliable transactions, as well as optimized integration of Wallet Connect for more stable connections with distributed applications.
The terrible gap between the Stablecoins dollar and the euro
Apart from Deuro, the Coingcko portal prepares 21 stub coins for this currency. Euro Coin, Stasis Euro, Euro Teter, Cello Euro, Eur Coinverable, Monerium Euro, Euroe, and more. The most popular and “trusted” are EURCs issued by Circle, the same company that issues USDCs.
The market capitalization of EURC is approximately $200 million, but the USDC, which corresponds to the US dollar, is Market capitalization Over 600 billion yen. This contradiction It reflects the terrible differences between balloon regions regarding the adoption of stubcoin. To be precise, yield 10% of Deuro are trying to encourage the use of stubcoins pinned to currency to support the European Defi movement.
Since its launch in 2018, cake wallets have been a privacy-only wallet that allows for cryptographically active exchanges of Bitcoin, Monero, Litecoin, and the current Deuro. Open source, wallets integrate technologies such as silent Bitcoin payments. Currently, there are issues with the functionality of this ability.
Cake Wallet updates are available on Android, but TOR integration for iOS is still under development. Users can download new versions and explore these features via the official Cake Wallet channel.