Fireblocks Integrates STASIS’ EURS Stablecoin, Expanding Euro Digital Currency Reach
EURS Network is Undergoing a Swift Expansion
Isle of Man, 8/02/2024 — In a landmark development for the digital currency landscape, STASIS, the European fintech company, has announced that its EURS stablecoin has now been integrated into the Fireblocks Network. This strategic integration is set to significantly elevate the growth prospects of the booming EURS network and enhance the stablecoin’s functionality and accessibility on a global scale.
The benefits of the most well-known euro stablecoin
STASIS EURO, or EURS, a digital currency firmly backed by fiat 1:1 and anchored to the Euro, maintains a consistent value, providing a robust alternative amidst the frequently erratic cryptocurrency markets. EURS is the largest euro stablecoin, accessible in 175 countries and audited by one of the most renowned companies in the world — the BDO. All the assets are backed on a 1:1 basis with liquid euro balances, and reserves are held at the Lithuanian Central Bank. EURS is also the oldest euro stablecoin on the market, with over €6 billion transferred on-chain to date across six major blockchains.
Fireblocks, known for its stringent security protocols and forward-thinking approach to digital asset management, represents an ideal platform for the integration of EURS. The addition of the EURS stablecoin on the Fireblocks platform highlights their commitment to providing the most comprehensive access to the crypto capital markets ecosystem.
Gregory Klumov, CEO of STASIS, shared his insights on the collaboration: “The inclusion of EURS on Fireblocks’ platform reinforces our stablecoin’s position as a trustworthy and resilient asset within the cryptocurrency arena. This collaboration extends the EURS Network and stablecoin’s reach, underscoring our commitment to delivering a digital currency that is secure, stable, and transparent, adhering to the highest standards of financial integrity.”
The introduction of EURS on the Fireblocks Network aims to capture the attention of institutional investors and those in pursuit of stable, secure, and reputable investment avenues within the digital asset ecosystem. The EURS signifies a significant step in the fusion of traditional financial mechanisms with the innovative capacities of blockchain technology, marking a new era in financial digitalization.
Stephen Richardson, Managing Director, Financial Markets at Fireblocks, said, “In a higher-for-longer interest rate environment, successful and unsuccessful use cases of stablecoins have demonstrated the conditions that appropriately designed stablecoins could live in to expand both their immediate ecosystem, as well as the broader digital assets ecosystem. These conditions include a fiat-backed stablecoin, interoperable on multiple blockchains, with verified and transparent asset reserves — all of which are characteristics of the EURS. We are delighted to work with STASIS to integrate the EURS into the Fireblocks Network and provide our customers with access to non-USD denominated stablecoins as business use cases expand.”
For an in-depth understanding of STASIS-issued EURS and its integration into the Fireblocks platform, you are encouraged to visit the official website.
About Fireblocks
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves thousands of financial institutions, has secured the transfer of over $4 trillion in digital assets, and has a unique insurance policy that covers assets in storage and transit. Some of the biggest trading desks have switched to Fireblocks because it’s the only solution that CISOs and Ops Teams both love. For more information, please visit www.fireblocks.com.
About STASIS/EURS
STASIS is a European fintech firm that serves as a conduit between traditional financial services and emerging Web 3.0 technologies. It specializes in stablecoin applications and is dedicated to providing user-friendly tools for managing digital currencies. The STASIS EURO, or EURS stablecoin pegged to the euro, stands out as a top euro digital asset in the cryptocurrency space and enjoys widespread usage and adoption.
The EURS Network, powered by EURS, is an integrated ecosystem encompassing various crypto exchanges, financial services and platforms, and digital wallets. This hub is designed to provide users with a comprehensive suite of tools for managing and transacting in the EURS stablecoin. This integrated environment aims to enhance the practicality and usability of the EURS stablecoin for various financial transactions.
To learn more about Stasis and EURS, check out the links below:
