STASIS EURO (EURS) Price

EURS is a euro-backed stablecoin created by STASIS, a blockchain technology company. The goal of EURS is to provide a transparent digital asset that has parity with the euro and can be utilized in any number of applications.

Stablecoins are electronic tokens designed to maintain a stable value against assets like fiat currency, commodities or even cryptocurrencies. Unlike other cryptocurrencies whose values fluctuate wildly in short periods of time, stablecoins offer stability while retaining some benefits of cryptocurrency transferability and borderless access.

To create EURS, STASIS holds international standard bank accounts where it maintains one-to-one Euro reserves as collateral for every issued token. In simple terms, for each EURS token in circulation there is an exact match with real Euros held in reserve by Stasis to ensure its stability.

STASIS reportedly promises daily auditory reports through internationally recognized business auditing firms ensuring transparency and clarity as to the amount of euros backing all outstanding issued units.

One major use case for using EURS is when you want to avoid fluctuations in cryptocurrency value when converting your Bitcoin or Ethereum holdings into another asset. Additionally, because you are essentially holding euros with an electronic certificate (EURS) rather than physical notes or coins which require storage space, you can trade euros cross-border more easily compared to carrying cash across borders.