Ripple integrates EURS, the main euro stablecoin
STASIS’s EURS is one of the biggest euro stablecoins around and has caught the attention of Ripple (XRP). The company just announced that it is integrating the stablecoin into its public blockchain, Ripple Ledger. What drives interest in a fixed asset based on the euro?
Ripple Ledger integrates STASIS EURS
As mentioned in the press release of STASIS, EURS It was thought of as a “multi-chain” stablecoin. Its integration with the XRP Ledger is therefore in line with its ambitions, comparable to Tether (USDT) on the dollar stablecoin side. However, so far its EURS has been mainly in Ethereum (ETH) and the Arbitrum, Matic and XDai consortia. We also noted that it was launched on Algorand (ALGO).
? How to buy Ether (ETH)? follow the leader
After this, EURS will be available on the Ripple blockchain. STASIS teams explain this choice by the performance of the latter:
“We found it [XRP Ledger] is a blockchain that provides significant benefits such as advanced scalability, improved speed, and reduced costs.»
Of course, Ripple’s connections are also of interest to STASIS with companies and institutions. Unlike dollar stablecoins, which are particularly scrutinized at the moment, no euro stablecoin has ever really broken. And STASIS believes that its EURS has all the advantages to make a name for itself:
“EURS has found its place as a reliable asset in the euro stablecoin segment, which sees very few competing Fintech products.»
? To go further – Stablecoin, everything about this kind of cryptocurrency
No. 1 exchange in the world – regulated in France
10% off your payments with the code SVULQ98B ?
Really the biggest stablecoin?
A STASIS press release states that the EURS “the largest stablecoin” from. However, according to data published by CoinGecko, EURS is preceded by Tether’s EURT, has a capitalization of more than 200 million euros, against 122 million for its counterpart in STASIS. However, note that EURS has a higher transaction volume (€6.4 million vs. €2.3 million for EURT). Different figures on CoinMarketCap, where EURT is listed with a capitalization of 39 million euros.
However, STASIS shows its ambitions. Cryptocurrency markets they will eventually become more euro stablecoins ? In an ecosystem where dollar stablecoins are king, that remains to be seen.
? More information about Tether and its stablecoins
Join the Experts and Premium Community
PRO
Invest in your crypto knowledge for the next bullrun
Sources: Stasis via Medium, CoinGecko
Newsletter ?
Get a roundup of cryptocurrency news every Monday by email ?
What you need to know about affiliate links. This page presents assets, products or services related to investments. Some of the links in this article are affiliate. This means that if you buy a product from this article or register on the site, our partner pays us a commission. This allows you to continue to offer original and useful content. There is no impact on you and you can even get a bonus using our links.
Investing in cryptocurrencies is risky.Cryptoast is not responsible for the quality of the products or services provided on this page and is not responsible, directly or indirectly, for any damage or loss resulting from the use of the goods or services highlighted in this article. Investing in cryptoassets is risky, readers should do their own research before taking any action and invest only within their financial means. This article is not investment advice.
A journalist at Cryptoast, I fell into the cauldron of cryptocurrencies a few years ago. I’m passionate about innovative technologies stemming from blockchain and I love finding the crunchiest information to share with you.
Sea Debelloir
2175 pieces
