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.

Want to keep track of EURS in real-time? Download the CMC mobile app.

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.