STASIS Wallet adds support for Dai, establishing itself as a multi-stablecoin wallet
ST. JULIANS, Malta; Dec. 24, 2018 — STASIS, the issuer of the EURS stablecoin, has added DAI to their wallet app. The support of Dai, a crypto-backed stablecoin, establishes the STASIS wallet within the new niche of multi-currency stablecoin wallets.
Users of the STASIS Wallet can now send and receive EURS, BTC, ETH, and Dai, and exchange seamlessly between the supported tokens according to their requirements and preferences.
EURS and Dai utilize different mechanisms for supporting a stable price: EURS is fully and transparently backed by fiat euros with the exchange rate pegged to the euro, while Dai is decentralized and backed by crypto-collateral held in smart contracts and completely viewable on chain. Dai is pegged to the price of the US dollar.
Gregory Klumov, the CEO of STASIS : “We continue to build a comprehensive infrastructure around our stablecoin and are happy to have MakerDAO join the community of our partners. We plan to develop our wallet into a stable currency hub, as part of our mission to make the cryptocurrency market transparent and safe for investors of any level.”
Rune Christensen, Founder of MakerDAO : “Dai availability on STASIS Wallet creates a great opportunity for a new audience of people to get the benefits of cryptocurrency without the extreme volatility. Working with STASIS we are making it more accessible and convenient for people around the world to use Dai.”
In 2019, MakerDAO will introduce Multi-Collateral Dai, which will allow users to create Dai with any number of crypto-collateral types. STASIS is working toward making EURS a collateral-type for Dai; the process is ongoing, but we are hopeful that someday EURS holders will be able to issue Dai using EURS as collateral.
Stasis is a tokenization platform designed to bridge the gap between traditional finance and cryptocurrency markets. Its first product, EURS, is a fully collateralized, euro-pegged stablecoin. Launched in July 2018, EURS currently has a market cap of over €30 million and is a top 100 digital asset by market cap. To download the STASIS Wallet, visit stasis.net/wallet.
