Month in Review: October

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.
Some thoughts on regulation
Last week, Sylvia Garcia, the representative of Texas’s 29th congressional district, introduced a new legislation to the House Financial Services Committee, which aims to regulate stablecoins under the Securities Act of 1933. In its turn, the Congress may consider classifying stablecoins as securities.
In our opinion, it is impossible for such outdated regulatory framework to address technological disruptions of stablecoins today. There was no internet nor blockchain technology to compete with clearing custody and settlement services back in 1933 when the SEC was established. Governments need to intervene and follow the market that demands a new set of laws to support entrepreneurship projects and not to protect existing monopolies. Monopolies which grow to become too big to fail, causing harm to the economy and to the society. History has no example of a triple deficit country servicing for a long period of time.
STASIS at Delta Summit 2019
On October 3rd, our CEO Gregory participated in a panel discussion at the Delta Summit about “Blockchain relevant use cases”. You can watch it here. Next day, on the 4th of October, our CTO Anatoliy spoke about “Cyber Security in Crypto Space”.
We have made sure that all the bars and catering services at the conference accept EURS for payments. More than one thousand attendees have used EURS as a means of payment during the event and enjoyed 10% off while paying with EURS. A receipt was also issued for all purchases, thanks to our partner Cyclebit. You can watch how a transaction is performed here.
Stablecoin Wallet releases
In October, we have released a new version 1.7.25 for Android. It includes new menu, new navigation, new onboardng tutorial screens — to help you dive in. Moreover, the TX data format has been changed to international standards in all interfaces and “About” section design has been updated.
iOS version has been updated to 6.1. It includes new “Send” screen design and user experience for transaction confirmation. We have updated controls to “amount” window in all interfaces. In addition, we have updated to the new TUSD contract and added a bunch of metrics at back-end which will help us improve the overall user experience.
Feeless transactions
On the 22nd of June, EURS celebrated its one year anniversary. To celebrate, we removed the 0,5 EURS transaction fee for an amount of 5,000 transactions initiated from STASIS stablecoin wallet. As we have observed high interest from our users, we decided to not just keep the 5,000 transactions feeless, but much more. Therefore, you can now continue transacting onchain, a euro pegged stablecoin, with 0 commissions, if the transaction is initiated from the STASIS stablecoin wallet.
New listings and partnerships
- EURS is now available on Atomic Swap Wallet. Atomic Swap Wallet is a decentralized browser based cryptocurrency wallet supporting p2p swaps. It does not store your data, keys or coins and operates directly from your browser with no software or plugin installations and downloads required.
- EURS is now listed on StealthEX cryptocurrency exchange. StealthEX is an anonymous and limitless cryptocurrency exchanger that stands for customer privacy, meaning that users can exchange coins withour providing personal data or registration.
- Starting with 27th of October EURS is also available on Domitai cryptocurrency exchange. Domitai is the first exchange in Mexico and Latin America. The listing means that users from Mexico will now be able to exchange directly between EURS and Mexican Peso. Our Spanish speaking friends can read more here.
Worth reading
“I always wanted to create some competitor to the US dollar and simplifying the reach for the underlying currency, the Euro, makes a lot of sense macro-wise” says Founder & CEO of STASIS Gregory Klumov. In October, Gregory was quoted giving his opinion on how stablecoins should be regulated in the Cointelegraph. Read the full article here.
Worth watching
Can you imagine that stablecoins might become the only way of thinking about money? Watch this video and find out how stablecoins can benefit your personal wellness.
Our Cashless Society Meetup event series brings together local and international crypto pioneers, institutional investors and other members of the blockchain community to discuss the future of cryptocurrency and how stablecoins can be used to drive adoption. Here you can watch how our Cashless Society Meetups are held.
Thanks for reading the STASIS Blog! Want to learn more about what we do? Check out our website, or download the STASIS Wallet.

