STASIS EURO
Crypto Overview
Overview
STASIS EURO (EURS) is a euro-backed stablecoin launched in 2018 by STASIS, a Malta-based fintech company. The token is designed to maintain a 1:1 peg with the euro through full fiat collateralization.
Intended Utility
The primary purpose of EURS is to serve as a stable digital representation of the euro on blockchain networks. It aims to bridge traditional finance with digital assets by providing a regulated, transparent stablecoin solution for European markets.
Actual Utility and Implementation
STASIS EURO has achieved its intended utility as a euro-denominated stablecoin. The token is fully backed by euro reserves held in European credit institutions, with regular verification by external auditors. The project maintains transparency through weekly and quarterly reserve attestations.
The token operates on multiple blockchain networks including Ethereum and Polygon, facilitating cross-border transactions and serving as a trading pair on various cryptocurrency exchanges.
Business Model Analysis
The business model is straightforward and transparent: STASIS generates revenue through nominal fees on EURS transactions and minting/redemption operations. The company does not engage in lending or interest-bearing activities with the reserve assets.
Founder and Team Assessment
STASIS operates under EU regulations and maintains necessary licenses. The team has consistently delivered on their roadmap since 2018, focusing on regulatory compliance and institutional partnerships rather than speculative marketing.
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.