A Malta-based firm Stasis has launched a brand new stablecoin referred to as EURS. EURS is backed by the Euro and may commerce on a one-for-one foundation. The coin has been constructed on the Ethereum EIP-20 customary platform and has already begun buying and selling on London-based trade DSX already.
DSX predict the order quantity to achieve $500 million USD by year-end.
Stablecoins: EURS and Tether
Anybody conversant in Tether might scratch their beard dubiously on the EURS coin. However why?
Firstly, you will need to know stablecoin is the title given to a coin that’s backed by an precise tangible asset, and in