Article written by: Avi Mizrahi
Stasis Launches EURS
Malta-Based Company Launches New Euro Backed Stablecoin, EURSStasis, a financial tokenization platform, has launched EURS, a new stablecoin built on Ethereum’s EIP-20 standard and claimed to be backed 1-for-1 by the Euro. The EURS has begun trading on one exchange already, London-based DSX, and the company says that the order volume is projected to reach $500 million by year’s end.
The company adds that EURS was specifically developed to satisfy growing demand for cryptocurrencies from European institutional investors. “EURS bridges the gap between traditional finance and the cryptoeconomy,” commented Gregory Klumov, Stasis CEO. “While cryptocurrency trading is currently dominated by individual and retail investors, STASIS and EURS will pave the way for institutional investors to enter the game and begin allocating capital – that’s what’s needed to take the industry to surpass the trillion dollar mark.”
Read the whole article here: https://news.bitcoin.com/malta-based-company-launches-new-euro-backed-stablecoin-eurs/
Should crypto traders welcome the new alternatives for Tether such as EURS?
Yupp.. Good for Crypto. @cbandit
Also check my posts @crypto.update
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the upvote and steem on.✌️👏👏👏🎉
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit