Month in Review — September/October 2021
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 Month in Review is distributed each month initially as a newsletter. You can sign up to receive it here.
Autumn in the crypto market never disappoints to amaze!
If you’ve been following the cryptocurrency news over the last few years, there is no way to deny that Autumn is always hot in crypto.
Institutions started to push the cart of the digital asset market again as inflows into cryptocurrencies have substantially increased in Bitcoin products in October, highlighting the positive sentiment for the blue-chip of the digital asset field. In total, crypto investment products saw inflows totaling $288 million for the week ending Oct. 31, with Bitcoin accounting for $269 million, according to CoinShares’ weekly flows report. The demand for Bitcoin has been rising over the past few months amid expectations that the United States’ SEC would approve its first Bitcoin exchange-traded fund. The expectations came to be fulfilled with 2 Bitcoin-linked products entering the field.
On another bank of the river, in the opposite camp, Ether bulls have been wild about asset growth with $5,000 per one ETH looming on the horizon. The derivatives data suggests that the price is finally realistic. A portion of these bullish calls is based on ETH 2.0 staking and the reduced inflation resulting from the EIP-1559 upgrade.
The bullish market incentivized shady assets to find a response in the hearts of investors. The Squid Game series-inspired token surged despite multiple scam warnings and topped above $2,800 before falling to less than $0.01. Despite the initial meteoric price surge, the Squid Game (SQUID) token fell over 99% shortly after Twitter flagged its “official” accounts as suspicious on the social media platform.
Last month, we noticed another vital sign for crypto enthusiasts, as the increasing adoption is looming on the horizon — more and more companies agree to offer new cryptocurrency onramps. Payment giant Mastercard will add support for cryptocurrencies on its network, simplifying entry to the cryptomarket. The news was met with highly positive sentiment, as the initiative would make it easier for banks to offer cryptocurrency rewards on their credit and debit cards as part of the payment network’s recent embrace of digital currencies.
In the meantime, we continue our mission to stay in the harbor of volatile-free assets space. Many world corporations are now exploring ways to move value around using blockchain technology. For decades, people have experienced challenges with opening banking accounts, and the population in emerging countries has been cut off from the global economy. With the advent of stablecoins, and on/off ramp solutions, inclusion into borderless financial services has become much more accessible and seamless. Check out STASIS Wallet today to learn more about gateway into digital assets!
- STASIS (EURS) News Is Now Available On Crypto.Com
We are pleased to announce that you can read the latest news about STASIS EURO (EURS) on the price page of Crypto.com through our new RSS feed collaboration. This collaboration will increase the access our community has to our latest EURS project updates. You will be able to view the RSS feed integration soon at the STASIS EURO (EURS) page on Crypto.com.
- EURS x Lux Finance
STASIS partnered with LuxFi in October to provide marketplaces with the most transparent stablecoin as a payment method. We continue to explore more use cases for our flagship product — EURS. The latest collaboration with the world’s first asset-backed NFT marketplace for luxury assets is aimed to bring the benefits of the most transparent stablecoin to the online marketplaces.
As part of this partnership, LuxFi will accept STASIS tokens — EURS — as a payment method on the LuxFi NFT marketplace. Moreover, it’s worth noting that STASIS is the very first stablecoin company that LuxFi will collaborate with.
Finally, we’re going to host a special AMA with Aidaa Wong — CEO & Founder of LuxFi on November 10th, 12 PM UTC.
Join STASIS Global group — https://t.me/stasis_community, ask a tricky question to win a share of 50 USDT!
- EURS x Ibandirect
We are thrilled to announce that EURS is now available on Ibandirect! This crypto-friendly solution with a virtual IBAN and VISA prepaid card broadens the horizon and expands the use case scenarios. Read the full article here.
Explore features and get your new card here: https://ibandirect.com?referral_id=542271524.
- EURS x Votium
EURS is now supported on Votium Protocol — an auction platform where CVX holders can delegate their voting power and receive compensation from buyers interested in amassing voting power.
STASIS in Media
During the last few months, our PR team was working hard to pitch opinions into global crypto media. And we savor the results.
- Check out STASIS CEO Gregory Klumov’s comment in Cointelegraph! PayPal’s British crypto launch is a “breath of fresh air”. “Since the country is in the world’s top 10 economies, such a milestone will clearly drive the continued adoption of digital assets in Europe and beyond,” he said.
- China’s harsh position in the long term does not affect the cryptocurrency markets. Digital assets will continue to integrate into the financial system, and also become an increasingly popular sector for the allocation of assets among large investors and institutions — but outside the Middle Kingdom. Gregory’s opinion also appeared in many popular outlets such as Forbes, Express.co.uk, MSN, Brinkwire, Supernews, Crowdfundinsider, FNtalk, and others!
- Mr. Klumov said that BTC is in the development ceiling where the community does not want to interfere with new functionalities that might compromise BTC’s primary function, a digital gold. STATIS CEO believes Bitcoin is now a store of wealth and Greg still trusts the coin to hit $100K.
- STASIS Wallet Tutorial
Are you having trouble with understanding how to send and receive EURS? We have prepared a new tutorial video to simplify your entry to crypto. Check it out right now!
- STASIS Expertise video
The STASIS team is known to be the ultimate trendsetter of the European legal frameworks, starting in Malta. Why us? Because our team has multiple and vast expertise. Watch our latest expertise video to know more about Gregory Klumov’s role in the stablecoin industry and our goal — to help decision-makers climb the learning curve in E-money 2.0.
What’s Coming Next?
Thanks for reading this letter and staying with us!
As we transcend into the last month of Autumn, the STASIS team would be happy to announce more partnerships. Expect vital news about your favorite Sellback Service as well!
Subscribe to Monthly 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!