🌐💳 This collaboration is set to enhance crypto 

💡Stay tuned for more updates on how this 

Welcome to STASIS EURO's Community channel aggregated by CoinMarketCap.

🚀STASIS is partnering with @nexaastore, the world's first next-gen #crypto store.  

🌐💳 This collaboration is set to enhance crypto #commerce by integrating #EURS into Nexaa's ecosystem. 

💡Stay tuned for more updates on how this #partnership will shape the future of #digital transactions! 

Check the full story ➡️https://t.co/dT2sReDdUP

#STASIS #CryptoStore #stablecoin #Fintech #Web3

## What Is STASIS EURO (EURS)?

STASIS EURO (EURS) is a tokenized version of the [fiat](https://coinmarketcap.com/alexandria/glossary/fiat) asset — the Euro. EURS mirrors the value of the Euro on the [blockchain](https://coinmarketcap.com/alexandria/glossary/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](https://coinmarketcap.com/alexandria/glossary/defi) (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](https://coinmarketcap.com/alexandria/glossary/smart-contract) creation, brokerage, trading support and more.

EURS is a fully collateralized [stablecoin](https://coinmarketcap.com/alexandria/glossary/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.

## Who Are the Founders of STASIS EURO?

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](https://coinmarketcap.com/currencies/bitcoin/).


## What Makes STASIS EURO (EURS) Unique?

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.


### Related Pages:

Read about [Tether (USDT)](https://coinmarketcap.com/currencies/tether/) — the leading stablecoin by market capitalization.

Read about [Euro Coin (EUROC)](https://coinmarketcap.com/currencies/euro-coin/) — another stablecoin whose price is pegged to the EUR.

What is a stablecoin? Learn more with the [CMC glossary](https://coinmarketcap.com/alexandria/glossary/stablecoin).

Why do stablecoins depeg? Find out with [CMC Alexandria](https://coinmarketcap.com/alexandria/article/why-do-stablecoins-depeg).


## How Many STASIS EURO (EURS) Coins Are There in Circulation?

EURS has a circulating supply of 124,125,940 coins, at the time of writing.


## How Is the STASIS EURO Network Secured?

The EURS token is deployed as an [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token on the [Ethereum](https://coinmarketcap.com/currencies/ethereum/) blockchain, which is secured by a proof-of-stake (PoS) consensus mechanism. EURS is also available on Ethereum [layer-2](https://coinmarketcap.com/alexandria/glossary/layer-2) chains like [Arbitrum](https://coinmarketcap.com/currencies/arbitrum/), [Polygon](https://coinmarketcap.com/currencies/polygon/), [Gnosis Chain](https://coinmarketcap.com/currencies/gnosis-gno/), [Algorand](https://coinmarketcap.com/currencies/algorand/), [XRP](https://coinmarketcap.com/currencies/xrp/) and [XDC Network](https://coinmarketcap.com/currencies/xinfin/).

Additionally, STASIS EURO complies with existing European regulatory requirements, adheres to [AML](https://coinmarketcap.com/alexandria/glossary/anti-money-laundering) and [KYC](https://coinmarketcap.com/alexandria/glossary/kyc) verification procedures, and has a partnership with KPMG.


## Where Can You Buy STASIS EURO (EURS)?

STASIS EURO (EURS) can be purchased on several crypto exchanges, those being: [Bitfinex](https://coinmarketcap.com/exchanges/bitfinex/), [Curve](https://coinmarketcap.com/exchanges/curve-finance/), [Indodax](https://coinmarketcap.com/exchanges/indodax/), [HitBTC](https://coinmarketcap.com/exchanges/hitbtc/) and [DFX Finance](https://coinmarketcap.com/exchanges/dfx-finance/).

Want to keep track of EURS in real-time? Download the CMC [mobile app](https://coinmarketcap.com/mobile/).

STASIS EURO

Trust Wallet

MetaMask

Ethereum

Shiba Inu

Chainlink

Uniswap

UNUS SED LEO

Ethena

Gala

Render

JasmyCoin

The Graph

Ondo

Lido DAO

Aave

Axie Infinity

LayerZero

MobiFi

LittleMami

Nostra

XENT

sUSD is a synthetic USD token enabled by the Synthetix protocol. It tracks the price of the US Dollar through price feeds supplied by Chainlink’s decentralized network of oracles. sUSD is integrated across the DeFi ecosystem as one of the most liquid decentralized stablecoins, including at Curve. It can be traded without slippage for other assets native to the Synthetix protocol at Kwenta or Synthetix.Exchange.

sUSD

The Gemini Trust Company (Gemini) is a digital currency exchange and custodian that allows you to buy, sell and store digital assets, founded in February of 2014. The GUSD is created by the cryptocurrency exchange Gemini.

The company received approval from the New York Department of Financial Services or NYDFS to launch the stablecoin in September of 2018. The Gemini Trust Company holds USD deposits that correspond to the number of tokens that are in circulation.

When it comes to the Gemini Dollar itself, it is an ERC-20 token that is built on the Ethereum network and has smart contracts that are audited by the security company Trail of Bits Inc.

This dollar is intended to bridge the divide between traditional finance and the crypto industry, due to the fact that this specific stablecoin is completely regulated by the NYDFS.

Gemini Dollar

Celo Dollar

MiL.k

Founded in September of 2018, Pax Dollar is a flat-collateralized stablecoin. Stablecoins are cryptocurrencies that are designed to minimize the volatility of the price of the stablecoin, relative to a certain stable asset or a basket of assets.

A stablecoin can be pegged to a cryptocurrency or flat money. In some cases, it can even be traded for commodities. Pax Dollar offers the advantage of transacting with blockchain assets through minimized price risk. The Pax Dollar tokens (USDP) are issued asERC-20 tokens on the Ethereum blockchain and are collateralized 1:1 through the USD held in Paxos-owned US bank accounts.

Pax Dollar

Fei protocol is a DeFi native algorithmic stablecoin. The aim of Fei is to propose a technological solution in a sweet spot between rigid overcollateralized decentralized stablecoin and centralised custodial stablecoins.

Fei Protocol runs on two crypto assets: FEI stablecoin and TRIBE governance token.

FEI is aimed to be a more capital efficient and fully decentralized stablecoin. The protocol uses the value it controls to maintain liquid secondary markets and earn yield for the protocol.

The project was founded in December 2020 and immediately attracted significant interest in the crypto community. It resulted in $19 million VC investment in early March 2021. Among the names that have entered this project are Andreessen Horowitz (a16z), Coinbase Ventures, Nascent and Framework Ventures.

There were some issues with the peg in the original mechanism, but through a series of governance upgrades the protocol recovered in the months following launch.

Fei v2 intends to be a major upgrade for the system and will launch in late 2021. It features 1:1 redeemability for FEI against protocol reserves, TRIBE buybacks and backstop, and algorithmic protocol controlled value management.

Fei USD

Function X is mirroring traditional financial products on the Function X network and creating decentralized financial products and a decentralized trading system. It is a highly customizable and expandable multi-chain architecture blockchain network (subnets) that can meet different business needs.

Function X

TUSD is the first digital asset with live on-chain attestations by independent third-party institutions and is backed 1:1 with the U.S. dollar (USD). So far, it has been listed on more than 100 trading platforms such as Binance and Huobi and is live on 12 mainstream public chains, including Ethereum, TRON, Avalanche, BSC, Fantom, and Polygon.

TrueUSD is attested to in real-time by an independent, industry-specialized accounting firm in the U.S., to ensure the 1:1 ratio of its USD reserve to the circulating token supply and the 100% collateral rate. With the integration of Chainlink PoR, TrueUSD becomes the first USD-Backed stablecoin to secure minting and further ensure transparency and reliability. Users can access the relevant data via the official website tusd.io at any time. TUSD is granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica, a country in the Caribbean, effective on October 7th 2022.

TrueUSD

ABBC is a blockchain platform that enables secure payment transactions, helping to facilitate retail adoption of cryptocurrencies and make shopping online with digital assets a safer, more enjoyable experience for end-users.

The platform offers three main products: a multi-platform wallet capable of supporting Bitcoin (BTC) and Ethereum (ETH), in addition to a variety of other native cryptocurrencies and ERC-20 tokens; an online shopping application that can be used to shop at over 50 online retailers with cryptocurrencies; and a cryptocurrency exchange platform that offers secure trading and low transaction fees.

The ABBC Coin was created to give holders the ability to govern the development of the ABBC platform by delegating voting power to chosen block producers (BPs) — who are then able to vote on governance proposals. These governance proposals can be on a range of topics but might include launching strategic partnerships, implementing new features or expanding ABBC's services to new regions. Beyond this, ABBC Coins were created as a reward system for online shoppers and can be staked for regular rewards.

ABBC is currently based on the EOSIO blockchain, which enables it to achieve up to 5,000 transactions per second (TPS) while remaining environmentally friendly due to its energy-efficient delegated proof-of-stake (DPoS) consensus mechanism.

ABBC Coin was initially known as Alibabacoin but changed its name in March 2019 following a dispute with Chinese multinational e-commerce giant Alibaba.

ABBC Coin

MediBloc (MED) is a South Korean-based decentralized blockchain protocol for the healthcare industry through which medical institutions can securely transfer, collect, store and manage data. With MediBloc, physicians can access patient information, medical history, prescribed medication, insurance issues and more. MediBloc makes medical data more accessible by allowing everyone involved to track and record medical conditions, appointments, examinations, treatments and more.

The ecosystem is built on three key elements: MediBloc Core (a layer for storing data and providing additional storage), MediBloc Application (a layer for accessing and managing data through various applications), and MediBloc Service (a layer applying smart contract technology that connects the other layers and allowing input and output of data).

The platform offers three categories of accounts: for general users (patients), healthcare providers (doctors and medical institutions) and data scientists, the latter two require proof of their accreditation. The project is aimed at improving the quality of medical services and infrastructure by optimizing information storage processes and giving users sovereignty over their own data. MediBloc is compliant with the HIPAA Security Rule, the Health Insurance Portability and Accountability Act.

MediBloc

Bifrost Network is an EVM-compatible layer 1 blockchain network designed to achieve interoperability and bring Web3 to Web2 users. Equipped with advanced cross-chain functionalities, Bifrost seamlessly connects various blockchain networks, including the Bitcoin Network, and allow DApps to utilize a range of promising cryptocurrencies from any supported blockchain networks. Bifrost Network leverages the interoperability by utilizing native BTC to DeFi services. BTCFi is an asset management service that uses Bifrost Network to provide wide range of use cases for native Bitcoins.

Bifrost

dKargo uses blockchain technology to solve trust issues among participants scattered in the logistics industry and establishing an efficient logistics network based on cooperation that was previously unimaginable.

Providing credible information with blockchain

dKargo solves trust problem on splited logistics nodes by using blockchain

Enhancing connection between participants with blockchain and tokenomics

Create a collaboration-based logistics network that was impossible in the existing logistics industry

Provides Web3 logistics service

From first-mile to last-mile, dKargo enables new Web3 logistics services.

Providing an open logistics platform

dKargo provides optimized logistics information and routes that were not possible due to silo logistics structure

dKargo

Bora is a decentralized ecosystem for games and entertainment. Bora aims to attract games and applications from the GameFi sector to its Bora Chain to avoid building on blockchains like Ethereum that have high gas fees. For that reason, Bora follows a two-tiered blockchain system: the BORA token is traded on the Klaytn blockchain, a public blockchain that is focused on metaverse and gaming use cases. The Bora chain is a modular blockchain that can be used as an execution layer by decentralized applications.

The Bora team provides development toolkits that support developers with creating decentralized applications for its ecosystem. It also utilizes Bora Points, a currency within the ecosystem as a resource for development and to incentivize contribution to Bora. Bora Points can subsequently be converted to the BORA token.

BORA

Wrapped NXM (wNXM) is a 1-to-1 backed token that can only be generated by wrapping genuine NXM.

NXM can only be traded among Nexus Mutual members, while wNXM is fully tradable but can't be used at all within the Nexus Mutual protocol.

Wrapped NXM

Ontology Gas

Ardor

Tether Gold (XAU₮) is a stablecoin that provides ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold that meets the Good Delivery standard of the London Bullion Market Association (LBMA). This technology allows access to a stablecoin that provides ownership of physical gold while avoiding the drawbacks associated with physical gold, such as high storage cost and limited accessibility.
Note: XAU₮ tokens can be fractionated up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounce).

Tether Gold

The Neutrino index is a decentralized financial (DeFi) platform based on the Waves blockchain. The platform rebranded its index token from USDN to XTN. Neutrino has two native tokens, XTN and NSBT.

XTN is an algorithmic crypto-collateralized indexcoin backed by three Waves Ecosystem tokens: WAVES, WX and VIRES. XTN's main function is to encourage user participation in the Neutrino by rewarding those who provide liquidity to the system.

The platform’s other token, NSBT (Neutrino System Base Token), is used for governance purposes: it allows users to make decisions about the future development of the Neutrino protocol, and it ensures the stability of collateral reserves on Neutrino’s smart contract.

New NSBT tokens are issued whenever a user locks WAVES tokens on a contract, which serves as additional backing and insures the system against a deficit. Holders can stake to earn on WAVES to XTN swap fees.

Neutrino Index

Strike is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several markets supported by the platform.

When a user deposits tokens to a Strike market, they receive sTokens in return. These sTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive sETH in return. Over time, the exchange rate of these sTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Strike pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 80%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.