Month in Review — January 2021

The new year starts with a bang

Welcome to Month in Review, where the team behind STASIS and EURS shares our updates from the past month as well as some thoughts on key events and issues in the cryptocurrency and stablecoin space.

The Month in Review is distributed each month initially as a newsletter. You can sign up to receive it here.

Staying safe in digital assets frontier

January was all but cold for cryptocurrency traders. It seems that such a season like winter will cease to exist when it comes to digital markets. The first month of 2021 brought in a lot of exciting news and events — from BTC turmoils and ETH rise to new DeFi advancements and the already famous example of struggle — where Reddit’s army of users joined their forces to show the strength of the free digital world to Wall Street. Fasten your seatbelts!

First, Bitcoin continues to climb new heights. Since X-mass, the blue-chip of the crypto market was in wild swings, facing rapid breakouts and corrections within the $15.000 corridor. Quite a rollercoaster ride for traders and hodlers!

Elon Musk ignited a #1 cryptocurrency pump that was fueled by his Tweet — on Friday, January 29, Tesla and SpaceX founder posted a Bitcoin hashtag on his account with 44 million followers. The result was expectable but still astonishing — the digital gold rate rose by 20% within an hour, reaching $ 38,600 at its peak! However, the breakthrough didn’t manage to hold the momentum, and the price corrected within a few days.

The end of January was also marked by another pump — the Dogecoin (DOGE) meme coin grew by an insane 1000% during a single day, reaching a new all-time high at $ 0.078! It seems that the “Doge Time” has come as an unexpected and rapid surge in price was the result of another action provoked by Reddit traders.

Meanwhile, XRP price jumped rapidly after Ripple’s response to the SEC lawsuit, and the popular Robinhood app was involved in the GameStop stock scandal. However, the latest controversy surrounding investment brokerages halting the markets for GameStop and AMC stock has presented a growing DeFi and crypto exchanges field as a possible alternative to the centralized traditional finance sector.

The growing volatility of cryptocurrency markets could lead to more pitfalls in the future, further highlighting the importance of stablecoins. As more use cases are discovered, stablecoin liquidity in emerging decentralized finance is growing.

Taking such news into account, there was no wonder that the DeFi market cap hit another vital milestone last week — $50 billion! STASIS also continues to contribute to the growth of the sector with the rising demand for our stablecoin on Uniswap, Yearn Finance, and CurveFinance pools. Don’t be misguided and lost in these complex topics — check our guide to capitalize on your EURS! Our team is further aimed to explore this promising direction, which is surely becoming the foundation for the new finance during the current decade. Stay tuned!

New Partnerships

STASIS x Chainlink

STASIS integrated with the world’s largest decentralized oracle network, Chainlink, to provide automated on-demand audits directly on-chain regarding the reserves backing its flagship product, the EURS stablecoin.

This added layer of transparent data will allow STASIS to scale EURS’s reliability to match its growing demand in emerging markets, bringing more value to DeFi while continuing to improve its overall security!

STASIS x LockTrip

STASIS has partnered with LockTrip.com, a blockchain-based travel website, giving users the opportunity to pay for their travel and hospitality using cryptocurrency. Starting on January 14th, LockTrip listed EURS stablecoin as a direct payment option for those booking hotels and properties, as well as trips through more than 1000 airlines.

We believe that 2021 will be a promising year for cryptocurrencies as a service payment method and the forthcoming cooperation will be mutually beneficial since stable assets gained significantly greater traction last year with investors and mainstream users looking to advanced options and transparent, volatility-free digital currencies for their daily payments!

STASIS x Cream Finance

STASIS stablecoin has been added to the CREAM Finance protocol. EURS market is live on the Iron Bank or CREAM v2. Head there to check out increasing activity and lowest borrowing rates among stablecoins!

Worth Reading

• “Key Trends For Crypto In 2021”

ValueWalk published an article, outlining STASIS CEO’s opinion on the emerging DeFi market.

“In 2021, the biggest experiment will be a migration of stablecoin settlement to cheaper blockchains to leave Ethereum. There are currently several blockchain solutions competing for this service — such as Algorand, Solana, Polkadot, and some other Ethereum second-layer scaling solutions to address this issue. However, the greatest challenge of 2021 will be the competition between those who can capture some market share from Ethereum to settle those transactions,” he says.

Check the full article here.

• “10 of the most promising Malta-based startups to watch in 2021”

STASIS company has made it to the list of 10 of the most promising Malta-based startups to watch in 2021. We’re thrilled to receive another high regard since our team played a vital part in crafting local regulations.

Watch the full list of companies here.

• “50 Industry Specialists Make Predictions on the Role of Emerging Technologies in 2021”

STASIS’s opinion was included in the full-scale list of companies in the extensive article that features insights-driven predictions from the industry specialists who belong to the fields of Artificial Intelligence and Machine Learning engineering, data science, business intelligence, cybersecurity, mobile automation, IoT automation, Cloud computing, and storage. Check the whole piece at this link.

• “Enter the emerging DeFi with EURS!”

Two parts of cryptocurrency ecosystems, stablecoins, and DeFi, are coming closer in early 2021 as STASIS joins a new DeFi initiative. In light of Curve Finance recently launching an sEUR/EURS liquidity pool, Synthetix is running an incentive to provide sEUR liquidity. One more step to the trustless Forex markets has been made!

• “The first DeFi guide by STASIS has arrived”

It’s about time for you to leverage opportunities in the emerging DeFi market. Check the How to Get Profits on EURS in DeFi: the Definitive Guide 1.0!

Decentralized Finance gains momentum and EURS users enjoy growing demand for the largest euro-backed stablecoin. Unravel how to capitalize on your preferred digital asset. The latest lucrative opportunity to capitalize on EURS in DeFi is the pool on Yearn Finance — it automatically converts rewards and provides the maximum boost!

• “Year-in-Review 2020”

If you still haven’t checked our summary for the past year, don’t hesitate to read Year in Review — 2020 to fill in the gaps in the story of our turbulent journey through 2020.

Worth watching

Having trouble with understanding how to send and receive EURS? Watch the latest tutorial video to simplify your entry to crypto. Check it up right now! Like, share, and recommend our simple-to-use app to your friends!

What’s coming next?

We are thrilled to expand further into the DeFi area. Expect more cool news, articles, and videos next month!

Stay tuned on More

Stay with the STASIS team to know our plans! Subscribe to Weekly Stablecoin Digest to stay updated on what’s coming in the crypto world, and read our “Month in Review” to read the 4-week summary of our achievements!

Moreover, make sure you subscribed to our socials on Telegram, Facebook, Twitter, and LinkedIn to stay tuned to what we’re up to!

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