Published on July 11th, 2018 | by bitcoin0
New Euro-Backed Stablecoin, eurs, Released by Malta-Based Innovator
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.
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