The latest example is from Malta where a company seeking a local crypto license has launched a Euro-backed stablecoin, EURS.
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Stasis Launches EURS
Stasis, 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.
The post Malta-Based Company Launches New Euro Backed Stablecoin, EURS appeared first on Bitcoin News.
Stasis Launches New Currency Project EURUS On DSX Exchange The Stasis project of Malta recently launched a brand-new stablecoin, EURS, during an event at the Maltese Chamber of Commerce. In a sign of support for cryptocurrency market, the Prime Minister of Malta attended the launch, with President Marie-Louise Coleiro Preca posting pictures from the event […]
With all the controversy and mistrust surrounding Tether (USDT) it’s no surprise that a multitude of new alternatives have popped up recently. The latest example is from Malta where a company seeking a local crypto license has launched a Euro-backed stablecoin, EURS.
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