STASIS, the first project to issue a stablecoin backed by the euro, announced the release of EURS on the Stellar blockchain. The partnership was announced in November last year. This strategic initiative not only increases the availability of Euro stablecoins, but also underscores STASIS’ commitment to multi-chain development.
The introduction of EURS to the Stellar network standard is a response to the growing need for a reliable, time-tested Euro stablecoin. EURS, which has been well established for five years, serves both business and retail users in 175 countries.
What makes the Stellar network different is its ability to provide fast, low-cost, and efficient payments. Its decentralized protocol connects individuals, institutions and payment systems around the world. Integrating STASIS with Stellar expands the EURS user base and extends the benefits of the Stellar ecosystem. Stellar’s emphasis on fast transaction processing, low fees and scalability is combined with STASIS’s mission to provide a stable and accessible digital version of the Euro.
One of the key strengths of EURS is that it is fully backed by reserves, which are securely held by the Central Bank of Lithuania and audited by BDO, a world-renowned auditor.
