Stasis Launches Euro-Pegged Stablecoin EURS on DSX Exchange
Cryptovest
Published Jul 11, 2018 06:00AM ET
Updated Jul 11, 2018 06:20AM ET
Stasis Launches Euro-Pegged Stablecoin EURS on DSX Exchange
The Stasis project unveiled a brand-new the event on the government website.
https://twitter.com/stasisnet/status/1014475211750682624
In May, Cryptovest talked to Stasis founder Gregory Klumov, who then presented EURS as a fixed-price asset aiming to take some market share from Tether (USDT).
Malta recently passed new laws in parliament in a bid to become an even more hospitable destination for crypto projects. The country’s lawmakers are set to approve several bills regulating ICOs, cryptocurrency exchanges, and the overall blockchain sector. This favorable regulatory climate has also supported the launch of the Stasis project and its new digital asset.
EURS is the latest addition to the family of fixed-price coins. EURT is an older digital asset that exists on the Ethereum network, along with the more prominent USDT. Another newcomer is the TrueUSD (TUSD) coin, which recently saw its supply dwindle from 88 million to 79 million tokens, indicating that withdrawals and token burns are possible.
Stasis claims that its token is not only pegged to the euro but backed by funds which are regularly verified. EURS is currently linked with London-based exchange DSX and was recently also listed on HitBTC, allowing investors to move the token and potentially buy into a wider array of assets:
https://twitter.com/ExchangesNews/status/1016332912684339200
EURS is already available for trading in pairings with BTC, as well as a direct pairing with the euro. Fixed-price assets are often linked to exchanges as a workaround to accepting cash assets and facilitating the movement of funds between exchanges. The current supply of EURS, which is an ERC-20 asset, is just 291,000, with the tokens spread across 162 addresses. The This article appeared first on Cryptovest 
Get The News You Want
Written By: Cryptovest
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.