Month in Review: March
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 issues for the stablecoin space.
The Month in Review is originally distributed each month as a newsletter. You can sign up to receive it here.
The world may be in a great shake, but we continue our mission
The world of today is full of insecurity, and a crypto market is a place where stability is nothing but a dream. The infamous COVID-19 virus is still at large, and the unexpected challenges have affected many businesses. While markets crashed in Europe, the prices of many crypto assets declined rapidly, and it has prompted many stablecoins to rise in the market cap ranking.
Still, the STASIS team is glad to provide that oasis of stability during the global turmoil. We continue to operate as usual and reassure our customers that STASIS is open for business, as nothing harmed our chain of services. It’s a perfect time to outline that unlike fiat money, cryptocurrencies, and stablecoins in particular, you use in STASIS Wallet can’t be the host for the deadly virus. Our non-custodial solution provides more than 30,000 users with an option to buy and sell its EURS stablecoin by card or directly from their bank accounts.
In the looming threat of the upcoming global financial crisis, our stablecoin wallet, fully integrated into the Single Euro Payments Area (SEPA), would offer regulated financial institutions in both business-to-business and business-to-consumer markets, a new gateway into cryptocurrencies!
Buy EURS with cards now!
We are futher working to improve the user experience by enabling EURS purchases via credit cards. Soon, our clients will be able to buy up to 50 EURS without the need to pass KYC! Moreover, USDT is now available in our wallet!
Check it out and download our STASIS wallet to see for yourself.
The STASIS Community has expanded greatly!
Thanks to the STASIS team’s marketing efforts, we’ve managed to significantly expand our global outreach, draw public attention to our new developments and attract many new participants in social networks groups! More than 8000 new members have joined the STASIS community during the last month: in the official Telegram group, Twitter and Facebook.
Moreover, we’ve discovered a high interest in EURS from various parts of the world as more digital communities have been established to provide support for local markets.
Tracking the regulation news
During the latest month, regulatory discussions were fueled in the wake of the increasing virus pandemic throughout the planet. We’ve highlited the most important here:
- A bill has surfaced in the Senate called the “Banking For All Act”, sponsored by the Ranking Member of the Senate Banking Committee, U.S. Senator Sherrod Brown (D-OH). In the press release, Senator Brown lays out the details of his bill as well as how he looks forward to urging his colleagues to include it as part of the coronavirus economic stimulus package.
- As central banks arround the world are cutting interest rates to zero and taking aggressive action against the economic recession due to the coronavirus pandemic, China’s central bank is accelerating it’s central bank digital currency (CBDC) plan.
- The Riksbank, Sweden’s central bank that started testing its own central bank digital currency in February, wants to host the digital currency innovation hub by the Bank for International Settlements (BIS).
- Jon Cuncliffe, the deputy governor for the financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the emergence of a cryptocurrency economy may weaken of eliminate bank credit issuance.
- And finally, stablecoins popularity is on the rise in the cryptocurrency market in 2020. Standalone projects, private banks, and even governments have realized the potential of digital assets pegged to the value of fiat cryptocurrencies.
Worth reading
STASIS CEO Gregory Klumov had spent his time wisely, coming up with many complex and exciting author’s pieces during March. Take your time and enjoy reading the top-notch analytics on the blockchain, stablecoins, DeFi and more:
Learn why the world needs a next-generation e-currency designed to provide better options for trading, payments, and transfers. Ultimately, gold is not the asset that stablecoin-issuing comapanies should look up to, but there are possibilites to tie cryptocurrencies to other assets — such as the United States dollar or the Euro.
Our history indicated that if you have honey, the bees will follow. However, countless illicit schemes and scam projects have caused some misguided investments. So, why have there been so many attempts to establish an ideal crowdfunding approach for the maturing technology industry, yet still, none of the introduced models can change the standard venture succes rate when it comes to investments?
Acquiring financial knowledge is priceless nowadays and, to tell the truth, has always been. We live in times when the usage of fiat is steadily decreasing in the world’s top-GDP countries, and the cash era is meeting its end. Right now, most of the existing money in circulation is already digital, and while the digital age with the decade of e-money 2.0 steps in, one should gain a substantial understanding of how financial gravity works so as to not find themselves on the sidelines of the world tomorrow.
Cryptocurrency rates may be in the red zones from time to time, global and local regulations might influence its global and local regulations might influence its global image and adoption, but the digital asset market is still at large and use cases beyond speculation are growing. If we consider specific milestones during the way of the global cryptocurrency adoption, the 2019–2020 period could definitely be called the years of DeFi advent. Don’t you want to know why?
With its growing influence on individual consumers and large economies alike, the internet has become a crucial part of our day-to-day lives. Moreover, acceptance of the World Wide Web is growing faster than ever with the rise of mobile technology. Many studies reveal an exciting revelation: the development of the web is driving acceptance of cryptocurrency. Quite an exciting revelation, isn’t it?
Greg’s opinions:
Gregory Klumov predicts that over the last 10 years of Bitcoin’s lifecycle, the flagship crypto asset has exhibited short periods of correlation with risk assets such as equities and emerging-market currencies. In his interview with Cointelegraph, he states that:
“In the long run, I could not find any meaningful (>0,5) r-squared value comparing it to other assets. I believe that BTC will further continue to gain traction as a non-correlated asset, and become a genuine member of the liquid alternatives asset class.”
Worth watching
If you missed our cool expertise video last month — you can fill this gap right now. It’s about time to know more about Gregory Klumov’s role in the stablecoin industry and our ultimate goal — to help decision makers climb the learning curve in E-money 2.0.
Thanks for reading the STASIS Blog! Want to learn more about what we do? Check out our website, or download the STASIS Wallet.
