STASIS Blog
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STASIS Blog

STASIS IN 2021

A YEAR IN REVIEW

The world is experiencing drastic transformation as we leave the first year of a new decade in the rearview mirror, heading into the unknown. Undeniably, 2021 turned out to be a truly record-breaking year in crypto.

The total market cap reached $3 trillion for the first time in history. Digital asset acceptance evidently continued as the number of unique Bitcoin addresses reached 917 million with over 15000 crypto assets on the market and more than 400 exchanges operating in the digital asset space. Web3, NFT and Metaverse are no longer geeky words. Venture Capital (VC) investments in crypto reached $30 billion and countries like El Salvador started to adopt Bitcoin as a legal tender, further opening the door to mainstream adoption.

The NFT mania continued as more players entered the space. OpenSea became a key venue with daily volumes exceeding over $100m regularly. Projects like CryptoPunks and Bored Ape Yacht Club saw incredible demand, leading to multiple auctions at Sotheby’s, with the most expensive NFT selling at $69.3 million!

The end of the year was also marked by the rise of the so-called “ETH killers,” such as Avalanche, Solana, and Terra, as well as layer-2 solutions like Polygon, which saw their native tokens hit a new all-time high.

2021 also boosted the popularity of fintech services and digital assets, fueling the faster shift to a cashless society — which is inevitable eventually. Now, a few more steps closer to the times where cryptocurrencies become mainstream, we witness that stablecoins have gained substantial popularity.

Last year, STASIS experienced an uplift in global traction and brand recognition. We re-established our website, tripled the EURS supply, and achieved new strategic partnerships.

It’s been such a whirlwind of a journey and we are extremely grateful to all of you for supporting us throughout these years. Amazing to see how EURS evolved, how far it’s come, and the impact it has on the stablecoin arena. Let’s check the snapshot of some of our top highlights for the last year.

Let’s check STASIS key milestones in 2021

  • EURS supply & demand significantly increased
  • 30+ articles and quotes in global media published
  • 20+ new partnerships established
  • New services introduced
  • New websites launched
  • Alternative blockchains support added
  • Numerous followers on social media achieved.

Technology

At the verge of the year, EURS total supply is currently over 100 million in USD equivalent. This milestone represents 3x growth in 2021 only! Euro-backed digital assets are the future of cryptocurrency and DeFi ecosystems, and such advancements are a sign that we’re on the right track.

We also celebrated 3 Years in Operation! June 22nd marked the 3rd anniversary of the STASIS project launch and the first emission of our euro-backed stablecoin.

EURS has also been upgraded to 2.0 and the STASIS team presented a brand new EURS Website to provide a better experience and the most up-to-date info on the largest euro-backed stablecoin.

We were delighted to unveil a much-needed upgrade to the native STASIS wallet — giving you the functionality that enables a bridge to different DApps called “WalletConnect.” STASIS has now implemented the long-anticipated feature. Check the guide here to know how it works.

Partnerships

We have been fortunate to start working with some of the most accomplished and well-connected partners in the cryptocurrency field.

First of all, the STASIS team was delighted to announce its partnership with Algorand Foundation, the developers of the world’s first open-source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products.

In December, we announced a partnership with XinFin, the creators of the XDC Network — a highly interoperable hybrid blockchain platform that supports global trade and finance. The collaboration will onboard EURS into the XDC Network to form part of its diverse stablecoin ecosystem.

STASIS integrated with the world’s largest decentralized oracle network, Chainlink, to provide automated on-demand audits directly on-chain regarding the reserves backing its flagship product, the EURS stablecoin. We have also announced a partnership with the digital assets platform StableHouse to allow the platform’s users to earn and trade EURS.

The partnership with Tixl, a project based in the European Union, with an interoperable, minimum-fee, instant tx network, was an ideal ground for the euro-backed stablecoin to find more use cases.

Next, 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.

STASIS explored real-world use cases when partnered with LockTrip.com, a blockchain-based travel website, giving users the opportunity to pay for their travel and hospitality using cryptocurrency. LockTrip listed EURS stablecoin as a direct payment option for those booking hotels and properties, as well as trips through more than 1000 airlines.

We engaged in a partnership with LuxFi in October. 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.

EURS is also available on AnyswapNetwork — a trustless protocol to bridge assets between heterogeneous layer-1 platforms and to facilitate cross-chain swaps.

Read our STASIS blog to check out more.

A way forward to 2022

The new year often consists of new ideas, new philosophies, and new ways. So what’s in store for us?

We are looking forward to continuing our mission to provide you with that oasis of stability amid the global turmoil and times of uncertainty.

At STASIS, we remain focused on and committed to maintaining the institutional-grade link that helps to bridge the gap between the traditional financial world and DeFi, providing the world with a true E-money 2.0: fast, cheap, and reliable payment channel for Europe and beyond. We will strengthen our position in the emerging DeFi space and continue to work to ensure blockchain interoperability for EURS. Some major news is coming soon!

Dear STASIS community, we hope you fulfill your dreams and reach your goals in the upcoming year! And remember, a result is a number of attempts!

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