Review on STASIS EURO by phuong cong
Statis EURO is a stablecoin using EURO as FIAT
The next stablecoin project I want to evaluate is called Stasis EURS, which is anchored to EURO at a 1: 1 ratio.
The company's headquarters is located in Malta, the coin was created by the company to provide cryptocurrencies to Europeans.
Unlike other stablecoins, the FIAT selected by STASIS is EURO, EURS is guaranteed with the corresponding amount of EURO stored in the partner banks with this company. In addition to euros, EURS can be issued in exchange for securities, which are purchased by STASIS liquidity providers.
EURS is built on ERC20 ETH network in a proxy manner that allows users to pay GAS for transport as EURS instead of ETH.
EURS has a modest market cap of $ 30 million and it's only recently listed on tier 2 exchanges.
Since it is an ERC20 token, EURS can be stored on Metamask wallets, Trust wallet and other standard wallets.
Pros
- The advantage of STASIS EURO is that it is issued by a reputable company that has been licensed to operate in Malta
- Price stability, the coin always holds 1 EURO when the market fluctuates
- The mortgage firm FIAT is closely audited by a trusted 3rd party firm
- Nó có mối quan hệ hợp tác với một số công ty lớn trong lĩnh vực thanh toán tại châu âu
- The development team has experience in the crypto space as well as traditional finance.
- Authorization allows users to pay GAS fees in EURS instead of ETH
Cons
- Small cap, low trading volume and only Europeans use EURO as currency
- It is only listed on tier 2 exchanges
- It has no application to derivatives on exchanges
