STASIS EURS is the first stablecoin pegged to the Euro, launched by the STASIS team in compliance with Ethereums EIP-20 standard, aimed at meeting the growing demand from European institutional investors for cryptocurrencies.
Project Introduction
STASIS combines the vast potential of the cryptocurrency market with the stability and reliability of traditional currencies, offering a comprehensive tokenization service platform that includes smart contract creation, third-party auditing, custodial services, and in-depth research into the current regulatory environment. The tokenization services of STASIS bring together licensed financial intermediaries, top-tier law firms, and leading global accounting firms to form a complete ecosystem. Each party contributes according to its strengths, creating an all-encompassing framework for tokenization and ensuring that digital assets reflect their off-chain counterparts over the long term. Despite changing regulatory and economic environments, our tokenized assets maintain stability.
Features of the EURS Stablecoin
EURS is a token issued by STASIS that is pegged to the Euro currency. The EURS tokens are fully backed by financial assets on a 1:1 basis, combining the advantages of the world’s second-most-traded currency with the transparency, immutability, and efficiency of blockchain technology. EURS reflects the value of the Euro on the blockchain and is supported by liquidity assurance mechanisms provided by our ecosystem partners. Each token is backed by Euros held in our reserve accounts on a 1:1 basis. In addition to Euros, EURS can also issue securities purchased by STASIS’s liquidity providers.
Advantages
1. No More Gas Fees
EURS is an EIP20 token and the first stablecoin on the Ethereum network to introduce delegated payment. Users no longer need to pay GAS fees for transactions. Pay transaction fees directly with EURS or other digital assets supported by the STASIS wallet. This represents a significant improvement in user experience.
2. Transparency
The reserve accounts backing EURS offer unparalleled transparency.
Use Cases
1. Hedging Volatility
Given its low volatility, matching that of the relatively stable Euro, EURS provides a hedging solution for cryptocurrency portfolios.
2. Cross-Border Transactions
EURS enables users to efficiently send money across borders, leveraging the speed of blockchain transactions and the peer-to-peer nature while also providing a stable store of value.
3. Access to Reliable Currency
Today, many people live in countries with unreliable, inflationary currencies. EURS can offer these individuals a stable store of value.
4. Instant Payments
Whether businesses are paying salaries or settling small debts for a cup of coffee, EURS allows for instant transfers without intermediaries.
