STASIS is a fintech company that provides a bridge from Web2.0 to Web3.0 financial services. The company is the issuer of the largest non-USD fiat-backed stablecoin with a transferred value of +4B. STASIS has built an app that allows customers worldwide to pay, earn, execute treasuries and comply with a traditional financial system for digital assets. The institutional infrastructure is based on and connected to leading service providers in banking (BankFrick), capital markets (Exante), data compliance (Chainalysis, Elliptic) and custody (PrimeTrust, BitGo).
EURS competes successfully in the DeFi corner with the largest euro-dominated strike pools. The multi-chain infrastructure is live on Ethereum, Algorand and Polygon with several other blockchains (Ripple, XDC) in development.
While other major stablecoins are active in the USD market, EURS (solo) caters to the needs of the European Union.
STASIS Mission
STASIS, pronounced “stey-sis”: In the world of physics, STASIS refers to balancing different forces to achieve equilibrium or keep something in one place. STASIS’ tokenization services are responsible for all forces affecting a digital asset, from technology to corporate structure, from government relations to public relations. To make this happen, STASIS has brought together an ecosystem of licensed financial intermediaries, top law firms and a global accounting firm. Each party contributes to the ecosystem based on their own specific expertise, enabling STASIS to create a comprehensive framework for tokenization and ensure that a digital asset mirrors its off-chain counterpart in the long run. Despite changing regulations and economic environments, the assets they token remain the same; they are in ‘stasis’.
STASIS Foundation
The issuer of STASIS is owned and accountable to the STASIS Foundation, a special purpose foundation established under the laws of The Isle of Man. The purpose of the Foundation is to oversee the STASIS companies through a board of multiple directors so that no one ever has full control over the company’s assets, including the reserve accounts for EURS and other tokenized assets. The Foundation owns 100% of the debt capital of STSS (Malta) Limited, the token issuer. The Foundation will bring together a board of well-known, respected directors with deep expertise in several relevant areas, including asset management, government relations and economics. The board currently consists of several members from different backgrounds. This will continue to grow for the foreseeable future. The STATIS team consists of IT and finance experts with a fintech background. The EURS publisher is advised by highly trained external professionals with international experience in investment, asset management, legal, accounting, regulatory and business development.
What is EURS?
EURS, an ERC/EIP20 token, is the first stablecoin to introduce delegated payments on the Ethereum network. The EURS stablecoin combines the advantages of blockchain technology with the reputation and relative stability of the euro. Most cryptocurrency holders are subject to significant volatility and counterparty risks. EURS mitigates these risks by allowing users to hold a stable digital asset, transparently backed by euro reserves.
EURS is the largest euro-backed digital asset, combining the benefits of the world’s second most traded currency with the transparency, immutability and efficiency of the blockchain.
STASIS Project News
The STASIS team is working hard as usual to ensure smooth operation of the services, new partnerships and integrations. There is a lot more content in the project than meets the eye. The iron is hot and it’s time to unravel the news!
STASIS x Wrinkle
STASIS will issue Euro Stablecoin on the XRP Ledger platform. The largest multi-chain euro-backed stablecoin now comes to XRPL! EURS is the leading euro stablecoin and is among the top 10 stablecoins worldwide. Ripple will provide STASIS with the technical support needed to integrate EURS with XRP Ledger in H2 2022.
STASIS x Wirex
Too much volatility? Wirex Introduces the Largest Euro-Backed Stablecoin in the World, EURS! Buy and redeem EURS in-app at unbeatable OTC rates or spend it seamlessly at 54 million retailers with a Wirex card.
EURS on AAVE3
DeFi protocol Aave has announced the launch of V3, marking a significant evolution from the existing liquidity pool model, promising to improve financial efficiency. It also strengthens current safety and security measures, promotes greater decentralization through DAO development, and optimizes user interface design.
STASIS x Mt Pelerin
STASIS is pleased to announce that Switzerland-based platform Mt Pelerin is now offering on and off ramps for EURS. STASIS-issued stablecoins can now be seamlessly exchanged with their fiat counterparts on Mt Pelerin’s website and Bridge Wallet mobile app on Ethereum and Polygon!
Algorand Mobile Wallet support
The STASIS team is happy to give another gift to its community in 2022. STASIS continues to develop the STASIS Wallet by introducing additional functionalities.
For more information about the exciting project of STASIS, please visit the website or the medium page
