STASIS Stablecoin Is Now Available on the Stellar Network!

2024-01-26 11:15:05

STASIS, the first project to launch a euro-backed stablecoin, has announced the availability of EURS on the Stellar blockchain. The partnership was announced in November last year. This strategic initiative not only enhances the usability of Euro stablecoins, but also highlights STASIS’ commitment to multi-chain development.

What’s New EURS Will Bring to Stellar

The introduction of EURS to the Stellar network fills the need for a reliable and proven Euro stablecoin. Well established for five years, EURS serves business and retail users in 175 countries.

What sets the Stellar network apart is its ability to provide fast, low-cost, and efficient payments. Its decentralized protocol connects individuals, institutions, and payment systems worldwide. The integration of STASIS with Stellar expands the EURS user base and expands the benefits of the Stellar ecosystem. Stellar has made strides related to fast transactions, low fees, and scalability, resulting in a partnership in sync with STASIS’ mission to provide a stable and accessible digital version of the Euro.

One of the important features of EURS is that it is fully backed by reserves, which are securely held by the Central Bank of Lithuania. The fact that it is also audited by BDO, a globally recognized auditor, makes this project safer.

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