STASIS EURS Token

Stasis Euro (EURS) is a fiat-backed stablecoin designed to maintain a value of 1 Euro. Stablecoins are digital currencies that are typically pegged to a traditional asset like the US Dollar or the Euro. Cryptocurrencies, like Bitcoin or Ethereum, can change in price significantly. However, a stablecoin aims to stay affixed in value. One stablecoin typically equals one unit of the asset it represents. For example, €1 Euro approximately equals 1 EURS. 

Stablecoins, like EURS, are widely used for payments, savings, and as a bridge between traditional finance (TradFi) and decentralized finance (DeFi). You can use EURS to trade and transact with digital currencies, as well as participate in blockchain networks such as Ethereum and others that support ERC-20 tokens. EURS is an ERC-20 token, which means it is compatible with the Ethereum Virtual Machine (EVM). Its value is maintained through full fiat backing and regular audits, rather than decentralized mechanisms or algorithmic collateral. EURS is issued and redeemed by Stasis, which is a regulated entity.

EURS is beneficial for crypto networks because it increases accessibility, liquidity, and interoperability. With EURS, users can transact with a Euro-backed price-stable asset across different blockchains.

You can redeem EURS for other assets through centralized or decentralized exchanges (CEXs or DEXs), or by converting directly to fiat with Stasis, subject to their procedures, for EURS redemption. Today, EURS is recognized as one of the world’s most widely used Euro-backed stablecoins, trusted for payments, trading, DeFi, and more.

Token type: Stablecoin