The stability of conventional finance meets the transparency, immutability, and transactional efficiency of the blockchain in the form of the EURS token, mirroring the euro on-chain and engaging liquidity assurance mechanics.
It is possible to generate EURS via securities instead of currencies and vice versa. This way, users will not engage in bank level transactions. Instead, they will receive EURS for selling securities to liquidity providing partners of STASIS.
STASIS brings a liquidity cushion to the markets, as EURS’ market depth potential is considerably wider than that of any standard crypto-asset. Cryptocurrencies are limited by their circulating supply and current free float that may appear insufficient for a desired amount of investment. On the other hand, STASIS can tokenize any amount of capital.
The STASIS platform utilizes the Ethereum blockchain recognized by the professional community as the most reliable network ever created. The cost of compromising a transaction has been estimated at several billion euro.
EURS smart contract is fully compliant with the EIP-20 Ethereum standard and is the first stable coin to introduce delegated payments. It is a notable improvement in terms of payment convenience to its holders. Until EURS, holders of any Ethereum-based asset had to keep GAS inventories, as all transactions in the Ethereum blockchain require GAS-denominated fees. In the STASIS smart contract, GAS fees are no longer a part of a tokenholder’s operations.
Our reserves are verified quarterly by a reliable third party, while on-chain asset balances are transparent by design.