Algorand Ecosystem Guide For EURS Users
Learn more about the opportunities for using EURS within the Algorand blockchain network!
In the dynamic world of cryptocurrency, where market fluctuations can be unpredictable and often drastic, the role of stablecoins becomes increasingly critical. STASIS EURO (EURS), a stablecoin pegged to the Euro, offers a beacon of stability in this volatile environment. STASIS added Algorand support as the first additional blockchain layer a few years ago, and over the years, it has become popular amongst our users.
For the Algorand ecosystem and the local ecosystem, incorporating EURS into their digital asset portfolios can be a strategic move, providing a safeguard against volatility while enabling smooth and stable transactions. What are you waiting for? Get EURS on Algorand straight from the source!
The benefits of EURS on the Algorand blockchain
The Algorand blockchain is renowned for its advanced technological framework, which includes a Pure Proof of Stake (PPoS) consensus mechanism, instant finality, and low transaction fees. This environment is exceptionally conducive for stablecoins like EURS, which rely on quick and cost-effective transaction capabilities to mirror the stability of their fiat counterparts accurately. Algorand’s unique architecture not only supports the basic utility of EURS, but also enhances its potential as a medium for daily transactions, savings, and cross-border payments without the typical overhead costs associated with traditional banking.
For Algorand users, EURS offers a multifaceted value proposition:
- Volatility Shield: In a market known for its swings, EURS provides a stable store of value that can protect capital and ensure predictability in financial planning.
- Efficient Transactions: Leveraging Algorand’s low-cost, high-speed transactions, users can send and receive EURS globally without the hefty fees and delays common in traditional financial systems.
- DeFi and Beyond: Within Algorand’s growing decentralized finance (DeFi) ecosystem, EURS acts as a stable currency for trading, lending, and other financial services, fostering a healthier, more robust economic environment.
- Swiss On/Off-ramping Rails: STASIS enables a regulated and trusted gateway to enter and exit crypto.
This guide delves deep into how to effectively utilize STASIS EURO on the Algorand blockchain, from setting up and securing your digital wallet to engaging in complex financial activities like trading and yield farming. Whether you’re a seasoned trader or a newcomer to the world of cryptocurrency, understanding how to incorporate EURS into your financial strategy is crucial for navigating the digital economy with confidence and security.
Unraveling the EURS Network on Algorand
Over the years, EURS has become a popular asset in the Algorand ecosystem. First and foremost, you can also check our ecosystem page and track EURS demand in real-time using the Vestige website. The STASIS team has been forging strategic relations with prominent local projects. Let’s explore this further.
First and foremost, Folks Finance is the spearhead of the Algorand Ecosystem and the very first and strongest supporter of EURS. We partnered in late 2023 and have continued the co-marketing efforts ever since.
This collaboration aims to boost EURS adoption on Algorand, enhancing its reach and usability within the ecosystem. Lend, borrow, and trade $EURS in one location and experience juicy APRs on the largest euro stablecoin: http://app.folks.finance.
Pact is a specialist Automated Market Maker (AMM) on Algorand. Powered by its decentralized, secure, and scalable blockchain. As one of the most user-friendly Algorand dApps, Pact is a mobile-first designed trading experience offering deep liquidity and low transaction fees. With accessible smart contract functionality, transactions on Pact are available to users of all levels of wealth and experience.
Euro met Algorand on Tinyman, with a warm welcome to STASIS EURO (EURS). You can explore farms here. Tinyman boosted our $ALGO/$EURS & $USDC/$EURS farms at the end of last year and more updates are coming.
We started with Xbacked with EURS/xUSD Rewards in DeFi. Xbacked welcomed us to the family with a solid Algo EURS/xUSD initiative! Look for incoming pools/farms on Pact Finance & Tinyman.
STASIS officially announced a partnership with Algorand’s most well-known wallet solution, Pera Wallet. EURS adoption on the Algorand chain is growing, and we’re excited to continue our mission. Pera is an open-source, self-custodial wallet that allows users to store, buy, and swap safely on the Algorand blockchain. Download the Pera Wallet and learn more about it via the link: https://perawallet.app/.
We collaborated with Algomint to enhance DeFi adoption on Algorand. Algomint digitalizes assets, enabling seamless integration into the Algorand ecosystem. This venture utilizes blockchain’s power to bring a new level of efficiency and interoperability to asset management. This strategic alliance begins with incentivizing initiatives for the DeFi pair, uniquely combining traditional asset tokenization with STASIS’ euro-backed stablecoins.
Meld Gold platform digitizes and streamlines the gold trading process, modernizing the market and enhancing liquidity plus transparency by leveraging blockchain technology. Our strategic collaboration started with Pact Finance incentives for the DeFi pair, blending traditional gold assets with euro-backed stablecoins.
STASIS continued rapid advancement on the Algorand ecosystem as we partnered with HumbleSwap to further boost EURS adoption. This project is literally “DeFi for Everyone,” which utilizes blockchain technology and education to ease the entry barrier to decentralized finance on Algorand. Initially, two dynamic pools with EURS have been launched.
Polkagold emerges as a digital parallel to traditional gold, encapsulating trust and reliability in the digital age. As the first part of our partnership, a significant $EURS / $PGOLD trading pair was created. Limited to a genesis production of only 10,000,000 coins, Polkagold is designed to uphold the principles of scarcity and non-inflation, available now on Tinyman.
As we continued to grow the EURS Network by partnering with the best Algorand projects, STASIS and AlgoFAME joined forces. We announced the partnership with FAME — RWA Social marketplace, enabling food transparency and financial inclusion in the EU and beyond. This partnership is a beacon of progress in the Eurozone ReFi sector, inviting users to experience the benefits of a digitally enhanced agricultural economy.
We’ve partnered with EXA Market, and EURS is now integrated as a payment method with the innovative Algorand-driven NFT marketplace.
Experience the future of NFT trading with EURS and EXA Markets. Dive into a world where art meets digital currency effortlessly — https://exa.market/.
As STASIS continued to conquer the Algorand ecosystem, EURS was listed on Defly Wallet — the ultimate Algorand Wallet for all your trading needs.
Defly offers a comprehensive DeFi experience featuring multi-DEX trading, precise limit orders, and detailed portfolio analytics. Connect to any dApp with WalletConnect and experience seamless trading in the Algorand ecosystem. Defly is your one-stop solution for all DeFi needs.
STASIS partnered with Biatec to deliver a better decentralized experience for Algorand users!
Algrorand-driven Biatec powers a suite of blockchain services ranging from on-chain voting solutions to Biatec DEX, AWallet, and a gold tokenization platform with verifiable gold reserves, Aramid Bridge, and NFTs.
STASIS further explored EURS stablecoin use cases on Algorand as we entered a partnership with the Day by Day platform, which operates in the insurance and DeFi sectors. You can now mint your insurance policy as NFT with EURS!
STASIS continued to grow the network in the Algorand ecosystem as EURS is now available on the Lute wallet!
What you’ll get is a web wallet interface for easy access, Ledger support, and upcoming Passkey integration, plus compatibility with rekeyed and multi-sig accounts.
To be continued…
As we progress further in enabling more partners for our EURS Network, this list is surely set to grow in the next months. Feel free to revisit this article, as it will be updated with new collaborations and updates! Do you have any suggestions, or interested in partnering with us? Feel free to reach out to pr@stasis.net!
