STASIS 2022 Q4 Milestones Report
A glimpse into the past
Welcome to Month in Review, where the team behind STASIS & EURS shares updates from the past month and thoughts on critical events and issues in the cryptocurrency, DeFi & stablecoin space. Sign up to receive it here.
About the STASIS Newsletter
Your inner circle might often ask you: what’s your final destination in the crypto space? New information is raining cats & dogs in crypto. If you want to stay tuned for what’s going on in this chaotic realm and not get overwhelmed with confusing information of all sorts, please subscribe to our newsletter!
The Disappointing Tale of Uptober & Moonvember. Will it continue?
Autumn was perceived to be the locomotive of the crypto industry that struck back. This idea was going strong until the end of last year, but 2022 was all about the different atmosphere and narrative. We witnessed quite a few record-breaking bull runs in the industry over a few years back. Wealth was pouring into the crypto realm from all possible sources, making many basement dwellers multi-millionaires and garage startups — unicorns.
With the continuous shaking of the market, it’s become more evident that the cryptocurrency train exists in the same reality as the other realms like TradFi, and eventually, it stumbled across the same trap. The downfall of FTX was the very Lehman Brothers in the crypto world.
A new bearish “narrative” is being actively dispersed in the media. The news became another nail in the coffin for the hopes of crypto enthusiasts and ruined plans for another bull reversal trend.
The last few months were fatal for investors, hedge funds, high-net-worth individuals,, and large companies. As a result, 17 of crypto’s wealthiest investors and founders have collectively lost an estimated $116 billion in personal wealth since March, according to Forbes’ estimates.
Moreover, the number of scams has been on the rise, as from the beginning of 2021 through March 2022, over 46,000 people have reported losses due to crypto scams. Recent events reinforce the need for self-custody. Remember that your funds’ safety is guaranteed only if you trust reliable and market-tested solutions. For example, the STASIS wallet is the first mobile non-custodial wallet developed specifically for stablecoins and applications, designed for hassle-free interaction with digital assets and on/off ramp in the cryptocurrency realm. Our wallet provides clients from all over the world with an option to buy and sell EURS with the shortest user journey on the market.
The News
We are excited to finally reveal support for highly-anticipated blockchain developments for EURS. In Q4 2022, our tech team has come up with another miracle spell and completed 2 major blockchain integrations. Check out to know more:
2022 was tough for crypto. Is DeFi dead? Will regulation hamper it?
- Find out the answers to all these questions in the latest interview with STASIS CEO Gregory Klumov published in Securities.io!
The videos
- Check out STASIS CEO speech on “Institutional Offerings And Adoption On TradFi” at AIBS Summit Malta in November 2022.
- Watch the EURS overview with all the latest details made by a popular crypto influencer.
- Learn more about the possible risks for the crypto sector & the benefits of STASIS-issued stablecoins in the latest video by @1EUROCRYPTO! What to do in the current situation? Keep calm & buy EURS!
Thanks for bearing with us. See you in 2023!
Thanks for reading this letter till the end and staying with us! We’ve made it to the New Year and now leave for a short holiday break just to bring you more news and exciting content in 2023!
Before you leave, subscribe to Monthly Stablecoin Digest to stay updated on what’s coming in the crypto world!
We remain focused on and committed to bridging the gap between the traditional financial world and DeFi, providing the world with a true Web 3 bridge: a fast, cheap and reliable foundation based on blockchain technology. Start your drive in Web3 Finance via STASIS bridge without traffic jams!
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