EURS: Euro Backed Stablecoin by STASIS

STASIS has announced EURS, which is the first stablecoin built on Ethereum’s streamlined EIP-20 standard. As it is a stable coin, it is backed by 1-for-1 stable currency Euro. EURS is expected to be launched in June on STASIS, and also on London Stock Exchange.

Further, EURS has a pre-launch orderbook bookings of 300 million and the the order book is forecasted to reach $500 million by year’s end. EURS will be the world’s #1 verified and fully collateralized stablecoin.

Why EURS?

Stablecoins have an edge as they are not subject to the extreme price volatility that regular cryptocurrencies are affected by. They have a multi-billion dollar market that will only grow exponentially once the institutional cryptocurrency traders and cryptocurrency hedge funds enters the market. They are pegged against the cryptocurrency assets that reduces the volatility and risk, which currently everyone is looking for in the crypto world. Therefore, EURS is perfectly positioned as they are less risky and stable than the traditional cryptos.

Further, EURS are fully compliant with all existing European regulatory requirements and have a strong focus on AML and KYC. In addition, EURS’s partnership with KPMG, the reputed organization worldwide, ensures the highest levels of trust and transparency when compared to other existing stablecoins. The world is calling to bring the cryptocurrencies into a regulated regime. Therefore the risk averse investors can also invest in EURS.

StableCoins in Cryptocurrency World

There are other types of stablecoins like Tether, USDX, Havven, TrueUSD.

Tether

This is the most successful stablecoin. Its USDT gets the stability by pegging the value of each token to 1 US Dollar. The traders uses the stability of USDT for arbitrage opportunities, free transactions, and Tether’s stability is superior to that of the majority of cryptocurrencies.

USDX

USDX token pegs the value of the US Dollar by using an innovative algorithmic protocol, which erase the risks associated with using USDT or other fiat-backed coins. They eliminates the need of collateral

Havven

Havven holds 80% of the collateral tokens in escrow to mitigate the volatility during large-scale sell-offs.

TrueCoin

TrueCoin has partnered with a number of listed trusts and banks to maintain a transparent pool of USD backing its tokens and to reduce volatility.

Advantage of using STASIS platform

STASIS in their platform allows to legally digitize any kind of financial asset in a secure and transparent way. STASIS creates the regulatory compliant tokenized version of any off-chain asset that includes the benefits of blockchain technology.

STASIS treasury gets verified daily by a licensed third party like in EURS case it is verified by KPMG. Therefore, with STASIS and EURS, the investors have access to a trustworthy safe investment and can reduce excessive volatility and speculation in the cryptocurrency markets along with the additional ability to continuously transfer off-chain assets in the blockchain and back again. Furthermore, the investors can also achieve reduced counterparty risk due to the platform’s transparent and vertically integrated network of partners.

Future of  EURS

The investors or traders are focusing to make this industry, less risky, regulated and championing innovation. EURS fits perfectly with this vision and approach. Further, EURS strong pre launch order book, technology, features, full regulatory compliance, verification and future expectations, it is stated to become huge successful stable coin.