STASIS’s EURS is one of the biggest euro stablecoins around, and it caught the attention of Ripple (XRP). The company has just announced that it is integrating the stablecoin into Ripple Ledger, its public blockchain. What arouses interest in a stable asset based on the euro?
Ripple Ledger integrates STASIS EURS
As a press release from STASIS points out, the EURS was thought of as a “multi-chain” stablecoin. Its integration with XRP Ledger is therefore in line with its ambitions, which can be compared to Tether (USDT) on the dollar stablecoin side. Until now, however, its EURS was mainly on Ethereum (ETH) and its consorts Arbitrum, Matic and XDai. We also noted its launch on Algorand (ALGO).
👉 How to buy Ether (ETH)? follow the leader
From now on, the EURS will be available on the Ripple blockchain. The STASIS teams explain this choice by the performance of the latter:
“We found that [XRP Ledger] is a blockchain that provides significant benefits like advanced scalability, improved speed, and reduced costs.»
What also interests STASIS is of course Ripple’s connections with companies and institutions. For the moment, no euro stablecoin has indeed really broken through, unlike the dollar stablecoins which are particularly scrutinized at the moment. And STASIS considers that its EURS has all the advantages to make a name for itself:
“EURS has found its place as a trusted asset in the euro stablecoin segment, who sees very few competitive Fintech products.»
👉 To go further – Stablecoin, all about this type of cryptocurrency
The No. 1 exchange in the world – Regulated in France
10% off your fees with code SVULQ98B 🔥
Really the biggest stablecoin?
The STASIS press release states that the EURS is “largest stablecoin” from the moment. But according to data published by CoinGecko, EURS remains overtaken by Tether’s EURT, which has a capitalization of more than 200 million euros, against 122 million for its counterpart at STASIS. Note, however, that the transaction volume of the EURS is higher (6.4 million euros against 2.3 million for the EURT). Figures that differ at CoinMarketCap, where the EURT is listed with a capitalization of 39 million euros.
Still, STASIS shows its ambitions. The cryptocurrency markets will they eventually turn more to euro stablecoins ? That remains to be seen, in an ecosystem where dollar stablecoins are king.
👉 More info on Tether and its stablecoins
Join Experts and a Premium Community
PRO
Invest in your crypto knowledge for the next bullrun
Sources: Stasis via Medium, CoinGecko
Newsletter 🍞
Receive a summary of crypto news every Monday by email đź‘Ś
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky.Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
Journalist at Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that stem from the blockchain and I like to find the most crispy information to share with you.
Marine Debelloir
2175 items
