Singapore, December 12, 2022 – STASIS, the issuer of the largest Euro-backed stablecoin, has deployed its EURS stablecoin on the XDC network, allowing the XDC community to further their crypto journey towards stablecoins. .

Turbulence is a familiar feeling to denizens of the crypto realm. In an unprecedented bear market, even trusted companies lose kronas 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.

As the global user base has only just begun to climb their learning curve to understand the risks behind cryptocurrency products, many stablecoin companies have tried to penetrate the market with various models, struggling to achieve notable adoption. If you are ready for a crypto journey, start with not only reliable but also transparent solutions.

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

The combination of specific qualities makes the stablecoin issued by STASIS stand out from the crowd. the depth investigation conducted by the project team clearly shows why EURS is a top multi-chain asset after facilitating a study on euro stablecoins.

Being focused on multi-chain development, the STASIS team was pleased to update EURS with the features of a new blockchain that offers better transaction time, lower fees, and better scalability. This ongoing initiative boosts the EURS user base, and the team is excited to increase the XDC community’s confidence in stablecoins with the introduction of the first euro stablecoin on the network.

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

About the XDC network

The XDC network is an enterprise-grade EVM-compliant Layer 1 network equipped with interoperable smart contracts. A custom and highly optimized fork of Ethereum, the XDC network reaches consensus via a delegated proof-of-stake (XDPoS) mechanism, allowing for a 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 new blockchain use cases.

XinFin, the creators of the XDC Network, was founded in 2017, while the 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, experts in global trade and content creators. XDC Network is designed to help those using blockchain technology to store and exchange data, assets, and ideas more efficiently.

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About STASIS/EURS

STASIS is a European financial technology company that provides a bridge between Web 2.0 and Web 3.0 financial services and is a pioneer in commercializing stablecoin use cases. The team develops easy-to-use tools to enable institutional and retail clients to manage digital currencies and public blockchains for payments and settlements, e-commerce, and DeFi.

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

The STASIS team created an application that allows clients to pay, earn and run treasuries of digital assets globally and comply with a traditional financial system. Institutional-grade infrastructure is built on and connected to major providers of banking (BankFrick), capital markets (Exante), data compliance (Chainalysis, Elliptic) and custody (PrimeTrust, BitGo) services.

STASIS is the issuer of EURS, the largest non-USD stablecoin, with a transferred value of more than $6 billion. EURS successfully competes in the DeFi corner with the largest euro-denominated staking pools. EURS is currently the largest stablecoin pegged to the second most traded currency in the world and ranks among the top 10 stablecoins globally, amassing tens of thousands of users in its global communities.