Review on STASIS EURO by Pedro O. Alvino M.
First stablecoin backed by EUR.
A completely safe project given the backing of various European institutions, the operation of STASIS seeks to give it more flexibility when it comes to trading with any type of asset, whether physical or digital, since its tokenization system allows any physical asset to be digitized and entered. to the chain.
The currency presented by the project has a financial backing in physical assets, in this case EUR, which serves as a means to create stability to the currency in the cryptocurrency market, where it allows operators to have a currency resistant to market volatility, although its presence in exchanges is very low given that a large part of the stablecoin market is dominated by USDT, however the flexibility granted by the STASIS project in the tokenization of assets is unique in the scheme of projects with stable coins.
The functionality that EURS has as a means of payment is unique given its equal value to the EUR, however the use and holders of the currency are on a decreasing course, given by the development and expansion of other currency projects, since STASIS still It still does not have a new system that allows EURS holders to have benefits and to have integration in other much more scalable chains, given the congestion of the Ethereum network, many users are moving away from the network due to high gas costs, thus allowing the project to enter a recovery model to increase the tenacity of EURS in the market.
Pros
- First project to develop a stable currency backed by EUR.
- Its tokenization system is backed by fully audited smart contracts.
- The project has several partnerships and endorsements by renowned global institutions.
- Offers great advantage as a payment system for European residents.
Cons
- The tokenization system connected to the Ethereum chain may have limitations due to congestion and high gas costs.
- It has a low trading volume and few holders in the market unlike other stablecoins.
- The wallet provided by the project has few and simple functions.
