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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.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.