STASIS, the company that originally introduced a Euro-backed stablecoin, has announced the launch of EURS on the Stellar blockchain. This partnership agreement was officially disclosed in November of the previous year. This strategic move not only expands the availability of Euro-pegged stablecoins but also underscores STASIS' commitment to the development of multi-chain solutions.

The inclusion of EURS in the Stellar network's standard aims to meet the growing demand for a reliable and time-tested Euro-pegged stablecoin. EURS, which has proven its worth over the past five years, serves both corporate clients and retail users in 175 countries.

One of the key features of the Stellar network is its ability to provide fast, cost-effective, and efficient payments. The decentralized protocol of Stellar connects people, organizations, and payment systems worldwide. The collaboration between STASIS and Stellar enables an expansion of EURS user base and maximizes the benefits of the Stellar ecosystem. Stellar's emphasis on transaction speed, low fees, and scalability aligns with STASIS' mission to create a stable and accessible digital version of the Euro.

One of the primary advantages of EURS is its full reserve backing, securely held in the Central Bank of Lithuania and audited by the globally renowned auditing firm BDO.