Before trading any crypto asset, it is important to understand the risks. This overview summarizes certain risks associated with this asset. No securities regulatory authority has issued an opinion regarding this asset, including an opinion that it is not itself a security and/or derivative.
Investors in Canada are reminded that no securities regulatory authority or regulator in Canada has assessed or endorsed any Crypto Contract or Crypto Asset made available through the Uphold Platform. Read our risk summary for qualifying crypto assets.
What is Stasis Euro (EURS)?
Stasis is a platform which tokenizes fiat currencies. The Stasis team stated their mission is to combine the efficiency offered by digital assets with the relative price-stability and reputation of traditional fiat currencies. Stasis claims to be 100% reserved - according to the EURS website, all digital assets are backed 1:1 in fiat currency.
You can check out their transparency page here - the project has committed to providing daily account statements, and quarterly audits are performed by BDO Malta.
EURS is a stablecoin which has been developed by Stasis. Its value is directly tied to the Euro.
EURS token utility?
EURS is a euro-backed stablecoin: its value is directly tied to the euro. It gives businesses and users access to the same levels of transactional efficiency as other digital assets, but with minimal risk.
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