Press Release View Non-AMP

STASIS Deployed The Largest Euro Stablecoin EURS on XDC Network To Boost Web3 Payments

Published by
PR Manager

Singapore, December 12, 2022 — STASIS, the issuer of the largest euro-backed stablecoin, has deployed its EURS stablecoin on XDC Network, enabling the XDC community to advance their crypto journey into stablecoins.

Turbulence is a familiar feeling to dwellers in the crypto realm. In a record-breaking bear market, even trusted companies lose crowns and go bankrupt, while stablecoins and ecosystems can fail in the blink of an eye. Recent events have only strengthened the need for transparent solutions that keep users as risk-free as possible. 

Given that the global user base has just started climbing their learning curve in understanding the risks behind cryptocurrency products, many stablecoin companies have tried to penetrate the market with various models, struggling to achieve notable adoption. If you’re up for a crypto journey, start not only with trusted, but transparent solutions. 

By 2022, the STASIS-issued EURS has cemented its place as the most reliable asset in the euro stablecoin segment and even beyond for users, businesses, traders, merchants and pretty much everyone else involved in the cryptocurrency domain. 

The combination of specific qualities makes the STASIS-issued stablecoin stand out from the crowd. The deep research conducted by the project team clearly shows why EURS is a superior multichain asset after facilitating a study on the euro stablecoins.

Being focused on multichain development, the STASIS team was happy to upgrade EURS with the features of a new blockchain that offers enhanced transaction time, fewer fees and better scalability. This continuing initiative boosts the EURS userbase, and the team is pleased to elevate XDC community’s trust in stablecoins with the introduction of the first euro stablecoin on the network.

“With the help of XDC, EURS gained support of new powerful tools and a new global community and enterprise participants. By now, we have enforced our brand sufficiently to see the need for our stablecoin become apparent in world markets. More companies are realizing the importance of transparency, and this is a confirmation that we are doing our job right — educating the cryptocurrency community and improving the financial inclusion within Web3,” — said STASIS CEO Gregory Klumov.

About XDC Network

The XDC Network is an enterprise-grade, EVM-compatible Layer 1 network equipped with interoperable smart contracts. A highly optimized, bespoke fork of Ethereum, the XDC Network reaches consensus through a delegated proof-of-stake (XDPoS) mechanism, which allows for two-second transaction time, near zero gas fees, and over 2,000 transactions per second (TPS). 

Secure, scalable, and highly efficient, the XDC Network powers a wide range of novel blockchain use cases. 

XinFin the creators of the XDC Network was founded in 2017, whereas XDC Foundation was formed in 2021 to support the growth, development and adoption of the XDC Network by collaborating with an informed and active community of developers, world trade experts, and content creators. XDC Network is designed to support those who utilize blockchain technology to more efficiently store and exchange data, assets, and ideas.

About STASIS/EURS

STASIS is a European financial technology company that provides a bridge from Web2.0 to Web 3.0 financial services and is a pioneer in the commercialization of stablecoin use cases. The team develops customer-friendly instruments to enable institutional and retail customers to manage digital currencies and public blockchains for payments and settlements, e-commerce, and DeFi.

Since its inception in 2017, it has functioned as the most transparent and institutional-friendly part of the European blockchain ecosystem through the strategic intersection of licensed financial intermediaries and distributed ledger technology. The Malta-based startup has rightfully gained the trust of traditional and conservative regulated institutions. 

The STASIS team built an app that allows customers to pay, earn and run digital asset treasuries globally and stay compliant with a traditional financial system. The institutional grade infrastructure is based on and connected to the leading banking (BankFrick), capital markets (Exante), data compliance (Chainalysis, Elliptic), and custody (PrimeTrust, BitGo) service providers.

STASIS is the issuer of the largest non-USD stablecoin EURS with $6B+ of transferred value. EURS successfully competes in the DeFi corner with the biggest euro-denominated staking pools. Currently, EURS is the largest stablecoin pegged to the world’s second most-traded currency and ranks as a top-10 stablecoin globally, accumulating tens of thousands of users in its global communities.

Media Contact:

Name: Gregory Klumov, CEO & Founder

PR Manager

Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.

Recent Posts

No Short-term Rally, Bitcoin Bull Cycle is Over: CryptoQuant CEO Issues Warning

Bitcoin’s price has been stuck in a range, with its last trade above $90,000 occurring…

April 6, 2025

Is XRP Set To Rally? Traders Eyes on $2.60

XRP, Ripple’s native token, is strongly holding its key support level at $1.95, even after…

April 6, 2025

Is Dogecoin (DOGE) Primed for a 270% Surge? While FOMO Rises, Ruvi AI (RUVI) Offers Next-Level Opportunities to Early Investors

Dogecoin (DOGE) has the crypto world buzzing yet again, with analysts predicting a potential 270%…

April 6, 2025

Pi Network Price News Today: Token Soars 50% in 24 Hours, Eyes on $1

The PI token has managed to halt its dramatic freefall, posting a major rebound of…

April 6, 2025

XRP Price News Today

XRP is currently struggling to rise above the $2.10 mark and is down by more…

April 6, 2025

Dogecoin (DOGE) Poised for 21% Drop, Bearish Setup Confirmed?

Despite a recent 16% price decline, Dogecoin (DOGE), the world’s largest crypto meme coin, is…

April 6, 2025