Month in Review: September — October ‘23
STASIS welcomes Autumn with new updates
Welcome to Month in Review, where the team behind STASIS and EURS shares updates and some thoughts on key events & issues in the crypto and stablecoin space. MiR is distributed each month, initially as a newsletter. Sign up to stay tuned here.
Greetings, stablecoiners,
In the past decade, the cryptocurrency market has demonstrated growth in October for eight out of ten years, achieving an average increase of 14% in total capitalization of digital assets, as observed by CoinGecko’s analysts. This phenomenon has been dubbed the “Uptober effect.”
As we bid adieu to the warmth of summer and welcome the golden hues of autumn, the realm of cryptocurrencies and digital markets continues to be as vibrant and exciting as ever.
Great news for our community: in late October, Standard Chartered Bank’s SC Ventures and Deutsche Bank successfully pioneered the first Universal Digital Payments Network proof-of-concept, achieving real-time digital transactions between USDC and EURS stablecoins. This innovation marked a change of tide in digital payments and stablecoin adoption within the EU, highlighting another confirmation of our product superiority, STASIS leadership, and commitment to setting new industry standards for efficiency and interconnectedness.
Meanwhile, Circle announced an upcoming closure of consumer accounts. Why settle for less when STASIS offers more? We are rolling out the red carpet and onboarding everyone, including consumers.
Moreover, PayPal’s PYUSD stablecoin gets a tap on the shoulder from the U.S. SEC enforcement! Seems like the tide’s turning for onshore stablecoins. Meanwhile, EURS might just be the next safe haven for stablecoin users looking for less US risk exposure.
Our euro stablecoins stand as a dependable tool for both those new to the world of investing and the more experienced investors. Visit https://stasis.net/ to know more.
Autumn is the perfect time to start working on your goals. Our Web3 journey continues.
🔐 STASIS x Propine
We partnered with Propine, Asia’s most trusted, enterprise-grade digital asset custodian licensed by the Monetary Authority of Singapore (MAS) to custody the most transparent euro stablecoin. This integration marks yet another milestone for the rapidly growing EURS network.
⚙️ EURS x Holyheld
You can off-ramp straight from your wallet on both Ethereum and Polygon, where EURS is supported. Holyheld is not a wallet; instead, you use your own self-custody wallet. Learn more in our article on Medium channel.
🌐 STASIS x Assetux
STASIS partnered with Assetux to enable more users to dive into Web3 using the EU’s most reliable stablecoins. Assetux is a decentralized FIAT-to-crypto gateway that enables users to purchase crypto using their VISA or Mastercard and have it on their decentralized wallet.
💡 STASIS x Chaintrail
EURS can now be tracked on Chaintrail — the platform driving visibility on the adoption of the Algorand blockchain. Check it here: https://chaintrail.io/tvl.
🤝 STASIS Partnered with Innovator Chain to boost EURS adoption
💡 Innovator chain is an energy-efficient layer one interoperable blockchain built on substrate technologies with limitless potential by seamlessly integrating Substrate’s customizability with EVM compatibility.
Innovator integrates essential ecosystems for project owners such as exchanges, NFT marketplaces, and crypto shops, and offers built-in products and a range of services within the chain runtime to benefit projects and expand their utility.
🌍 Expanding support for new fiat currencies, including AED, GBP, and SGD!
Buy crypto fees:
0.1% (Euro <> EURS)
0.3% (Euro <> any crypto)
0.5% (Other fiat currencies <> EURS)
1% (Other fiat currencies <> any crypto)
Don’t miss out on the most cost-effective way to buy crypto — visit https://scb.io/.
🔍 New audit completed
Just checked: STASIS EURO (EURS) reserves are always transparent! Every coin is cash-backed, ensuring trust and stability in the ecosystem. See for yourself and tell others: https://stasis.net/transparency/.
Autumn is in full force now. Expect some cool partnerships and massive developments within the last few months of 2023! With an upcoming WebApp 3.0 release, user experience, and onboarding are about to get more efficient and seamless. Stay tuned, folks.
Thanks for reading this letter and staying with us! Check out our website and don’t forget to tune in to our socials on Telegram, Discord, Twitter, and LinkedIn to stay tuned to what we’re up to!
