What is STASIS EURO (EURS)?
STASIS EURO (EURS) is the company that created the blockchain platform that allows investors to tokenize any financial assets headquartered in Malta. It launched EURS, a stablecoin backed by the Euro. STASIS created the EURS coin to meet the growing demand for cryptocurrencies from European investors.
EURS is the world’s first euro-backed digital asset, combining the benefits of the world’s second most traded currency with the transparency, immutability and efficiency of Blockchain. EURS reflects the Euro’s value on the Blockchain and is supported by the liquidity assurance mechanisms provided by STASIS partners. Each EURS token is backed at 1: 1 with the Euro, and is held in the STASIS reserve account. In addition to euros, EURS can be issued in exchange for securities, purchased by liquidity providers of STASIS.
EURS, built according to the EIP20 standard, is the first stablecoin to introduce authorized payments on the Ethereum network. Users no longer need to pay GAS fees to make transactions. Instead, they can pay transaction fees in EURS or any other digital asset powered by STASIS wallets – a huge improvement in user experience.
Features of STASIS EURO
Prestigious company: The company behind issuing EURS is STASIS. As a company, EURS is regulated as a Virtual Financial Asset under Malta’s Virtual Financial Property Act.
Price stability: STASIS is committed to bringing stability in the value of EURS, and always fluctuates around 1 EURO. Investors can convert 1 EURS to 1 EURO at any time.
The partner is a large electronic payment company: You can exchange all of your EURS in the market through ePayments. ePayments is a leading e-payment company in the UK, and a partner of STASIS. This gives users more confidence in the value of EURS.
STASIS is backed by a team of cryptocurrency pioneers, quantitative experts, entrepreneurs and financial experts. Here are some key members of the company:
Gregory Klumov, CEO and founder: Gregory started his career at the age of 15 as an entrepreneur when he founded the Internet Service Provider High-Speed Internet Service Provider, then moved from IT to finance. He has over 15 years of experience in alternative investment management, which helps him realize the investment potential of digital assets in the early stages of the Blockchain revolution.
Anatoliy Knyazev, CTO: Anatoliy is a computer scientist. He started his career as a derivative trader for his own fund in the early 2000s. With Anatoliy’s extensive experience and in-depth knowledge of market intelligence systems and tools allowed him to develop a unique trading platform that turned into a main broker Exante based in Malta. In addition, he and his partners were the first in the world to launch a Bitcoin hedge fund in 2012.
Vyacheslav Kim, Chief Financial Officer: Vyacheslav has over 12 years of experience in the field of Strategic Management, Asset Restructuring, Business Development and Finance. He also has a diverse experience in communicating with local authorities and officials. His core interests include fintech projects, data analysis, and private equity.
EURS is a tokenized EURO currency on a blockchain whose value is tied to its collateral value. This allows it to limit the extreme fluctuations inherent in many cryptocurrencies. Its compatibility with the traditional financial system gives professional investors access to the cryptocurrency market, similar to the way they operate in traditional financial systems.
You can check EURS price here.