STASIS EURO price

EURS

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STASIS EURO (EURS) is a tokenized version of the fiat asset — the Euro. EURS mirrors the value of the Euro on the blockchain, and is said to be combining the benefits of a globally recognized fiat currency with the transparency, immutability and efficiency of the blockchain. According to their website, all tokens are fully backed by 1:1 collateral reserves. The company aims to promote transparency by providing daily statements from account providers along with weekly verifications and quarterly audits by a top 5 global accounting firm.

According to company representatives, the STASIS platform aims to bridge the gap between decentralized finance (DeFi) and the off-chain market, professionalize the industry by paving the way for institutional investors and cryptocurrency hedge funds. STASIS provides tech solutions for businesses offering users the following services: third-party audits, custodial services, smart contract creation, brokerage, trading support and more.

EURS is a fully collateralized stablecoin: it's backed at 1:1 with the euro, and all EURS tokens are backed by the company's collateral reserves. STASIS EURO was launched due to the growing demand for stable crypto assets from European countries. With STASIS, investors are able to transfer assets to the blockchain and back. Thanks to the decentralization of payments and the flexibility of STASIS EURO, users can make transactions between any registered securities (stocks, bonds, treasury bills, euros) without banking intermediaries.

Headquartered in Malta since 2012, STASIS EURO has been cooperating with the Government of Malta on the regulatory framework for cryptocurrencies.

The team behind STATIS consists of financial experts, serial entrepreneurs and crypto enthusiasts. According to Crunchbase, the key figures are Gregory Klumov (CEO), Anatoliy Knyazev (CTO) and Vyacheslav Kim (CFO).

Klumov is a tech entrepreneur specializing in alternative asset management and the development of complex business multi-strategies. He started out in IT, established a high-speed Internet Service Provider (ISP) called BNET at a young age, then moved into finance and later entered the crypto sector during the emergence of Bitcoin.

The STASIS website states that EURS is a low credit risk stablecoin that makes it easier for users to access the digital asset market by offering business payment channels, a reliable transaction method, price stability and simplified interaction with the crypto world.

The company has a clear focus on regulations when creating the euro-backed digital asset that helps protect funds from the volatility, risks and uncertainty of financial markets.

The EURS token is deployed as an ERC-20 token on the Ethereum blockchain, which is secured by a proof-of-stake (PoS) consensus mechanism. EURS is also available on Ethereum layer-2 chains like Arbitrum, Polygon, Gnosis Chain, Algorand, XRP and XDC Network.

Additionally, STASIS EURO complies with existing European regulatory requirements, adheres to AML and KYC verification procedures, and has a partnership with KPMG.

STASIS EURO (EURS) can be purchased on several crypto exchanges, those being: Bitfinex, Curve, Indodax, HitBTC and DFX Finance.

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Read about Tether (USDT) — the leading stablecoin by market capitalization.

Read about Euro Coin (EUROC) — another stablecoin whose price is pegged to the EUR.

What is a stablecoin? Learn more with the CMC glossary.

Why do stablecoins depeg? Find out with CMC Alexandria.