Financial tokenization platform STASIS unveils EURS, a euro-backed stablecoin. The order volume is supposed, according to forecasts, to reach $500 million by the end of 2018 which will make EURS the top verified and fully collateralized stablecoin.
STASIS has designed EURS to meet growing demand on cryptocurrencies from European institutional investors: “By investing in EURS, investors have access to a trustworthy product during periods of excessive volatility and speculation in the cryptocurrency markets combined with the additional ability to seamlessly transfer off-chain assets in the blockchain and back again”.
Secured by the Ethereum blockchain technology, EURS leverages it to travel between wallets. However, Ether is not required to carry out a transaction if using a STASIS wallet application.