EURS-token which is created by the Malta-based company STASIS can now be traded at the HitBTC exchange.
Launched on June 27th, 2018, the EURS is aiming to be the biggest fully verified and collateralized stablecoin in the world. Similar to Tether, the EURS is fiat-collateralized and each EURS-coin is backed by a corresponding unit of Euro.
The EURS token is built on Ethereum’s EIP-20 standard and it’s reserve balances will be verified and posted to the public by one of the ‘Big Four’ accounting firms. STASIS has designed EURS specifically to satisfy growing demand on cryptocurrencies from institutional investors within the European Union. By investing in EURS, the investors have access to a trustworthy product during periods of volatility and speculation in the cryptocurrency market.
Gregory Klumov, CEO of STASIS says: “We sold $2 million worth of EURS today and this HitBtc development continues to check further boxes in our attempt to become the stablecoin for investors and money market operators”.
“EURS bridges the gap between traditional finance and the cryptoeconomy,” Klumov says.
“While cryptocurrency trading is currently dominated by individual and retail investors, STASIS and EURS will pave the way for institutional investors to enter the game and begin allocating capital – that’s what’s needed to take the industry to surpass the trillion dollar mark.”
The listing on HitBTC is a major milestone for the EURS token as it allows for a large number of users to start trading the token. HitBTC is currently ranked number 9 on Coinmarketcap with a trading volume of $295m over the last 24 hours.