Month in Review: April-May’23

Welcome to Month in Review, where the team behind STASIS and EURS shares our updates from the past month and some thoughts on key events and issues in the cryptocurrency and stablecoin space. The MiR is distributed each month, initially as a newsletter. Sign up to stay tuned here.

In the whirlwind of Memecoin Frency

The end of spring was traditionally exciting. An infamous saying “sell in May and go away” played right once again. The meme coin frenzy seems to be out of steam, and with the FED raising the debt ceiling, it seems that the summer will be hot in crypto markets.

Here are the five major takeaways from the trends of the past months in crypto:

Nothing New in Crypto Narrative: With an oversaturation of Layer 1 technologies, some participants suggested that the sector needs a compelling narrative to drive excitement and adoption, as was the case with Decentralized Compute, DeFi, and NFTs in past years. Layer 2 (L2) technologies are considered a potential future narrative, but they don’t seem to stir as much excitement as previous ones.

The Seed-Stage Investment Continues: Despite uncertainties and turbulence in the market, prominent seed-stage funds signaled they are prepared to continue deploying capital into crypto projects, with many reporting active first quarters and anticipating a strong half-year of funding through 1H 2023. The areas of infrastructure, gaming, and DeFi are particularly promising, with an emerging sub-narrative around cybersecurity.

Crypto Gaming Reset: While the fervor around crypto gaming has cooled, there’s still a belief that it could be a significant avenue for mass crypto adoption. There’s a general realization of the flaws in existing game-token models, and teams are rethinking the integration of tokens into gaming ecosystems. The trend is toward a more selective and responsible capital deployment into the sector, despite a slower pace in deals and funds deployed.

And what else? Volatility, high gas fees, high gains and even higher losses — EURS investors watched all that from the sidelines, comfortably sitting with the most trusted and transparent digital asset. Stay safe, and hold EURS!

⚙️ STASIS team visualized the main problems and solutions of the current crypto infrastructure and how we solve them!

Check it, get inspired — and let’s start working together!

⚙️ EURS has been listed on the DCOneCrypto!

DCOne Crypto — Cardano ecosystem interface map showing all projects and Dapps on the Cardano blockchain (ADA).

⚙️ Learn why EURS — is still the №1 stablecoin for institutional companies!

In the event of the EURCV release, we decided to remind the global crypto community that we were the first to pioneer this sector. Read the full article on the STASIS Medium channel

⚙️ The summary of the fintech event held by EXANTE in an article by Cyprusmail, folks!

…And don’t miss the video record of the EXANTE Horizon event panel discussion with STASIS CEO Gregory Klumov

⚙️The Stablecoin Revolution is Coming! Level up your knowledge of stablecoins & crypto.

Don’t miss out on an insightful interview featuring De.Fi Host Michael Rosmer and CEO of STASIS Gregory Klumov. Grab your coffee and tune in!

⚙️ Learn why EURS is a more reliable digital asset than USDC issued by Circle in the latest article by Cryptonomist!

⚙️ Put your EURS above inflation and start earning unbeatable interest rates in X-Accounts Plus!

✔️ Grow your savings starting with €1

✔️ Interest accumulated daily & paid weekly

Get started: https://wirexapp.com/press!

⚙️Want to take advantage of paying with EURS?

Cryptonomist dives into the usage of the EURS stablecoin with Mastercard Wirex Card and the bridging of traditional and digital currencies.

⚙️Bitpanda Custody has listed EURS!

Thanks to this partnership, the platform will be able to offer support for the most important euro-based stablecoin.

⚙️Refresh your memory and level up your knowledge on stablecoins and upcoming CBDC products by watching the European Web3 summit video with STASIS CEO Gregory Klumov!

Thanks for reading this letter and staying with us! In June 2023, we’ll be celebrating the 5th anniversary of the EURS launch and our team has prepared something to mark this milestone! Don’t forget to tune in to our socials on Telegram, Discord, Twitter, and LinkedIn to stay tuned to what we’re up to!

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