Introducing EURS and USDT Stablecoins to the DSX platform

As you know, at DSX we’re constantly looking to make our platform the most professional on the market and give our traders that little bit extra.

It’s why we’re delighted to say that we’ve introduced EURS and USDT Stablecoins to our platform.

Both offer a fantastic chance to our traders to take advantage of the latest stablecoins and enjoy the opportunity they bring. Stablecoins are less volatile than other cryptocurrencies and allow traders to move a fiat equivalent among different crypto exchanges and services in a simple and fast way.

Asset tokenization platform, STASIS, has developed EURS which is the first stablecoin built on Ethereum’s streamlined EIP-20 standard that is backed 1-for-1 by the Euro with reserve balances verified quarterly by a Big Four firm.

Gregory Klumov, CEO of STASIS, said, “We are happy to have EURS listed on DSX and made available to the investment community. Our stable token is protected from the high volatility inherent to most cryptocurrencies, and our financial partners are ready to support trading by providing the necessary volumes of liquidity to the exchange. We strive to reduce counterparty risks for both the exchange and the token holder.”

This is one of the most rigorous and transparent verification processes of any stablecoin available in the market.

USDT, a cryptocurrency backed by USD, can also be deposited and withdrawn from DSX as an ERC20 token. The Ethereum network, unlike the Bitcoin one, allows the faster movement of USDT and with lower fees.

Our focus is on professionalising the industry and championing innovation, USDT and EURS fits perfectly with this vision and approach.

We’re confident our customers are going to be delighted with this new opportunity and we also look forward to welcoming new traders looking to take advantage of the benefits Stablecoins bring.

DSX customers have access to these new developments today.

Happy trading!