STASIS EURO
Crypto Overview
Purpose and Utility
STASIS EURO (EURS) is a stablecoin cryptocurrency designed to maintain a 1:1 peg with the Euro. It was created by STASIS, a Malta-based fintech company, to bridge traditional finance with blockchain technology. The token serves as a digital representation of the Euro on various blockchain networks.
Business Model
STASIS maintains EURS's value by holding Euro reserves in traditional bank accounts. Each EURS token is backed by actual Euros at a 1:1 ratio. The company conducts regular audits to verify their reserves and maintains transparency through financial reporting. The business model focuses on providing a stable, Euro-denominated digital asset for trading, payments, and cross-border transactions.
Real-World Adoption
EURS has achieved notable adoption within the cryptocurrency ecosystem, particularly in European markets. It is actively traded on various cryptocurrency exchanges and used in DeFi protocols. The token has maintained consistent trading volume and market presence since its launch in 2018.
Platform Development
STASIS maintains active development of their platform, regularly updating their infrastructure and expanding compatibility with different blockchain networks. The project has established partnerships with regulated financial institutions and maintains necessary licenses for operation in the EU.
Token Distribution and Governance
EURS tokens are minted and burned based on market demand and Euro deposits. The process is centralized and managed by STASIS, with clear procedures for token issuance and redemption. There is no pre-mine or founder allocation as tokens are only created when backed by actual Euro deposits.
Crypto Impact
To assign a comfort level investing in STASIS EURO from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to STASIS EURO.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.