STASIS EURO (EURS) is a tokenized version of the fiat asset — the Euro. EURS mirrors the value of the Euro on the blockchain, and is said to be combining the benefits of a globally recognized fiat currency with the transparency, immutability and efficiency of the blockchain. According to their website, all tokens are fully backed by 1:1 collateral reserves. The company aims to promote transparency by providing daily statements from account providers along with weekly verifications and quarterly audits by a top 5 global accounting firm.
According to company representatives, the STASIS platform aims to bridge the gap between decentralized finance (DeFi) and the off-chain market, professionalize the industry by paving the way for institutional investors and cryptocurrency hedge funds. STASIS provides tech solutions for businesses offering users the following services: third-party audits, custodial services, smart contract creation, brokerage, trading support and more.
EURS is a fully collateralized stablecoin: it's backed at 1:1 with the euro, and all EURS tokens are backed by the company's collateral reserves. STASIS EURO was launched due to the growing demand for stable crypto assets from European countries. With STASIS, investors are able to transfer assets to the blockchain and back. Thanks to the decentralization of payments and the flexibility of STASIS EURO, users can make transactions between any registered securities (stocks, bonds, treasury bills, euros) without banking intermediaries.
Headquartered in Malta since 2012, STASIS EURO has been cooperating with the Government of Malta on the regulatory framework for cryptocurrencies.
## Who Are the Founders of STASIS EURO?
The team behind STATIS consists of financial experts, serial entrepreneurs and crypto enthusiasts. According to Crunchbase, the key figures are Gregory Klumov (CEO), Anatoliy Knyazev (CTO) and Vyacheslav Kim (CFO).
Klumov is a tech entrepreneur specializing in alternative asset management and the development of complex business multi-strategies. He started out in IT, established a high-speed Internet Service Provider (ISP) called BNET at a young age, then moved into finance and later entered the crypto sector during the emergence of Bitcoin.
## What Makes STASIS EURO (EURS) Unique?
The STASIS website states that EURS is a low credit risk stablecoin that makes it easier for users to access the digital asset market by offering business payment channels, a reliable transaction method, price stability and simplified interaction with the crypto world.
The company has a clear focus on regulations when creating the euro-backed digital asset that helps protect funds from the volatility, risks and uncertainty of financial markets.
How to Buy EURS on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing EURS. Some reputable platforms include LBNK, Okx, Kraken, and others.
Step 2: Register an Account
Here, we'll register an account on the OKX (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing EURS.
Step 5: Purchase EURS
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of EURS you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy EURS.
Step 6: Store Your EURS
After purchasing, you can choose to store your EURS in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and EURS assets, be sure to use a strong password and enable two-factor authentication.
EURS Price:STASIS EURO (EURS) is a tokenized version of the fiat asset — the Euro.
The price fluctuates daily, and as of March 30, 2024, the highest price for EURS was $1.40
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