A Malta-based company Stasis has launched a new stablecoin called EURS. EURS is backed by the Euro and should trade on a one-for-one basis. The coin has been built on the Ethereum EIP-20 standard platform and has already begun trading on London-based exchange DSX already.
DSX predict the order volume to reach $500 million by year-end.
Stablecoins: EURS and Tether
Anyone familiar with Tether may scratch dubiously at the EURS coin. But why?
Firstly, it is important to know that a stablecoin is the name given to a coin that is backed …
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