What is STASIS EURO (EURS)?
STATIS EURO token (EURS) is a digital coin developed to tokenize a fiat asset, the Euro (EUR). The token mirrors the value of Euros on the blockchain. This means the EURS price will always imitate the value of the EUR. It is supported by liquidity assurance mechanisms. EURS combines the benefits of a global fiat asset with the transparency, immutability, and accessibility of blockchain. All EURS tokens are fully backed by a 1:1 collateral reserve.
STASIS is a blockchain platform that allows users to tokenize any financial asset. The Maltese startup has a regulatory-compliant network of partners, which enables free and secure interaction between off-chain and on-chain digital assets. The platform also offers smart contract creation, custodial services, third-party audits, as well as legal and regulatory expertise.
STASIS introduced the EURS stablecoin in June 2018. EURS follows the EIP-20 token standard and runs on the Ethereum blockchain.
Like with any other stablecoin, the EURS price may vary slightly on different exchanges. However, the token is created to allow for the correction of price oscillations. This feature forms the basis for the token's medium- and long-term stability. You can view the current STASIS EURO price on the live chart above.
One of the key features of EURS is that it makes it possible to tokenize not only the national currencies but other assets as well. Users can tokenize any asset as long as it has clear ownership.
Besides, EURS allows investors to transact freely between any registered security and EURS coin without a banking intermediary. Currently, the platform mostly deals with fungible assets such as currencies and stocks. However, STASIS encourages users to offer particular assets for tokenization, including non-fungible ones.
Use Cases of EURS Tokens
EURS gives its holders access to instant payments, cross-border transactions, and a stable store of value. Users can send and receive EURS tokens. However, they can not only send or receive EURS tokens, but also exchange them with each other within their wallets. Besides, the STATIS website enables swapping EURS and EUR (fiat) directly on the platform's website.
Who Founded STASIS?
STATIS was created in 2017 and registered in Malta in 2018. The project was founded by a team of Russian tech experts led by Gregory Klumov, the CEO. Klumov and Anatoliy Knyazev, the CTO, are among the first Bitcoin investors. Knyazev launched the world’s first Bitcoin-only hedge fund in 2012. Finally, the CFO of the project, Vyacheslav Kim, has more than 12 years of management experience in strategic management, asset restructuring, finance, and corporate development.
Tokenomics of EURS
STASIS EURS crypto assets cannot be mined. However, you can purchase the token through ePayments and some exchanges. Additionally, the company offers direct emissions to users who want to make a large-scale purchase of EURS.
