STASIS will bring the EURS stablecoin beyond Ethereum to Bitcoin and EOS blockchains via Wanchain
MALTA — JANUARY 13, 2020
EURS, the most widely used Euro-backed stablecoin issued by technology provider STASIS, can now be bridged from Ethereum to Bitcoin and EOS via Wanchain, a cross-chain network, which allows users move value between separate blockchains.
“The latest collaboration with Wanchain represents a perfect opportunity for our company to expand fungibility to achieve a network effect. Moreover, we provide our users with enhanced and mutually beneficial cryptocurrency experience,” said Gregory Klumov, Founder and CEO of STASIS.
This cooperation will allow Wanchain developers to integrate EURS into their own dApps and enable users to seamlessly convert cryptocurrencies like ETH, BTC, and EOS to a stablecoin.
STASIS’ EURS is already live on Wanchain’s mainnet and after the decentralized exchange (DEX) launch users will be able to use it. EURS will initially be listed on Wanchain’s DEX as a trading pair with RiveX — a decentralized enterprise economy supported by three main pillars such as Blockchain as a Service (BaaS), Enterprise Solutions, and Decentralized Finance (DeFi). Technically speaking, RiveX is a scalable layer-2 on-chain and off-chain solution on Wanchain protocol and private chains, which combines the strength and virtues of both public and private chains to empower a scalable enterprise economy and decentralized finance.
Moreover, EURS will initially be listed on Wanchain and Rivex’ DEX (WRDEX) as a trading pair for WETH, WBTC, WEOS, and a combination of ERC-20 assets. The WRDEX is the first smart-contract cross-chain DEX in the space, allowing users to trade highly liquid assets such as BTC, ETH, EOS in a completely decentralized way: straight from the user’s wallets.
“Wanchain’s vision has always been to connect all blockchains and assets, but with the integration of EURS, we are truly getting closer to the new digital economy that the whole DeFi industry has been working towards,” — said Oliver Birch, VP of communications at Wanchain.
Wanchain connects isolated blockchain networks to enable decentralized transactions between them. Wanchain launched its mainnet in January 2018 and has already established bridges across Ethereum, Bitcoin, and, later this year, EOS.
Wanchain is EVM-based but has privacy enabled (using Monero’s OTAs and ring signature) as well as a rare yet scalable interoperability solution, using sMPC.
Users of the Wanchain network will be able to use EURS in Dapps and trade for other cryptocurrencies on the decentralized exchange in collaboration with RiveX. This network is an interoperable blockchain project that is to allow different chains to interact with each other. EURS integration means that it will have an opportunity to become a truly fungible crypto euro with greater usability and adoption.
STASIS is a technology provider that creates, governs, integrates, and audits fiat-backed digital currencies, known as stablecoins. It issues the most widely used Euro-backed stablecoins with the highest transparency standard in the digital asset industry. Its vision is to streamline the inefficiencies of the global financial ecosystem.
Wanchain launched its mainnet in January 2018. It is a blockchain platform that connects isolated blockchain networks to enable decentralized transactions between them. Wanchain has already established bridges to Ethereum, Bitcoin, and later this year, EOS. Wanchain is EVM-based but has privacy enabled (using Monero’s OTAs and ring signature) as well as a rare yet scalable interoperability solution, using sMPC. Wanchain has moved over to a Proof of Stake consensus with a significant increase in transactions per second and a more decentralized network. Wanchain’s economic infrastructure enables cross-chain financial capability for distributed applications. Going forward, Wanchain will continue to bridge blockchains and bring cross-chain finance functionality to companies in the industry. Wanchain has employees globally with offices in Austin (Texas, USA) and Beijing (China).