Stasis has completed an integration with XRP Ledger in order to increase the settlement layers it utilizes to allow cross-border payments with its EURS stablecoin.
Stasis CEO Gregory Klumov said in a statement:
“Another brick has just been added into the foundation of EURS, and it will solidify our asset for the next cycle of stablecoin market adoption.
Our ongoing partnership will focus on exploring the newly-emerged opportunities of XRP to enable a better financial inclusion as well as stablecoin infrastructure and services that truly align with the values of the Web3 realm.”
XRP Ledger is an open-source blockchain created by the Ripple community and cross-border payment corporation. By integrating the blockchain with EURS, Stasis hopes to reduce the cost and speed of cross-border payments while also improving scalability.
According to a its website, more than $5 billion in EURS has been resolved on-chain to date, with around 66.7 million EURS in circulation.
On February 16, Ripple announced that Stasis would issue EURS on the XRP Ledger. Following the integration, Ripple will continue to give technical assistance to the organization.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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Stasis Integrates With XRP Ledger For EURS
Stasis has completed an integration with XRP Ledger in order to increase the settlement layers it utilizes to allow cross-border payments with its EURS stablecoin.
Stasis CEO Gregory Klumov said in a statement:
“Another brick has just been added into the foundation of EURS, and it will solidify our asset for the next cycle of stablecoin market adoption.
Our ongoing partnership will focus on exploring the newly-emerged opportunities of XRP to enable a better financial inclusion as well as stablecoin infrastructure and services that truly align with the values of the Web3 realm.”
XRP Ledger is an open-source blockchain created by the Ripple community and cross-border payment corporation. By integrating the blockchain with EURS, Stasis hopes to reduce the cost and speed of cross-border payments while also improving scalability.
According to a its website, more than $5 billion in EURS has been resolved on-chain to date, with around 66.7 million EURS in circulation.
On February 16, Ripple announced that Stasis would issue EURS on the XRP Ledger. Following the integration, Ripple will continue to give technical assistance to the organization.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
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