Stasis Euro (EURS): Euro-Backed Stablecoin Explained

Interest in euro-denominated digital assets has grown steadily as European users and institutional investors seek stablecoins that align with regional regulations. EURS, issued by STASIS, has emerged as a prominent option by combining a traditional fiat currency with blockchain transparency. 

The stablecoin has gained attention as on-chain settlement volumes increase and more platforms integrate euro-based liquidity.

Understanding the Rise of EURS in Europe

EURS is designed to mirror the value of the euro on public blockchains. It was created to meet demand for regulatory-aligned stablecoins and to offer a digital asset alternative to USD-backed tokens like USDT or USDC. 

Its issuer, STASIS, positions the stablecoin as a bridge between traditional finance and decentralized finance, enabling users to convert euros to blockchain-based assets without depending on intermediaries.

The digital asset is fully collateralized, meaning each EURS token is backed by one euro held in reserves. 

According to the company, these reserves are audited and independently verified, which is important because transparency remains a core requirement for any euro stablecoin to build trust.

Read also : What is EURR? A New Euro-Backed Stablecoin on the Blockchain

What STASIS Euro (EURS) Offers

EURS operates across multiple blockchain networks, including Ethereum, Polygon, Algorand, Gnosis Chain, XRP Ledger, and XDC Network. This multi-chain distribution strategy helps reduce reliance on a single settlement layer and allows users to choose networks based on transaction cost, liquidity, or speed. 

Cross-chain availability has become a competitive advantage for stablecoins, especially as DeFi platforms increasingly adopt multi-chain infrastructures.

EURS is also notable for supporting delegated payments on Ethereum. 

This feature allows users to pay transaction fees using EURS or other supported assets rather than ETH. 

For many newcomers, removing the need to hold gas tokens simplifies wallet usage and improves the overall experience.

Read also : ECB Pushes Digital Euro Rollout for 2025: Will It Replace Physical Banknotes?

Expanding Transparency and Compliance

STASIS places emphasis on regulatory alignment, auditing, and anti-money-laundering requirements. The company publishes daily statements of balances, weekly verification reports, and quarterly audits conducted by major accounting firms. 

This makes EURS one of the more transparent euro stablecoins in circulation, which has drawn attention from businesses and institutions across Europe.

Malta has played a key role in the project’s development. Since 2012, the STASIS team has worked with Maltese authorities on cryptocurrency regulatory frameworks, contributing to early European policy discussions. 

This long-standing involvement has strengthened their position within the EU’s evolving regulatory landscape.

Read also : What is EURQ? A Quantum Leap in Euro Stablecoins

Who Founded STASIS Euro?

The STASIS Euro initiative is led by a team of financial and technology specialists. The company’s CEO, Gregory Klumov, is known for his background in alternative asset management and early technology entrepreneurship. 

He later entered the cryptocurrency industry during Bitcoin’s emergence, applying his expertise in structuring and managing digital assets. 

Other key contributors include CTO Anatoliy Knyazev and CFO Vyacheslav Kim, who collectively guide the project’s technical and financial operations.

Read also : Best Stablecoin Use Cases For Global Payments

Unique Features of EURS

EURS differentiates itself through regulatory focus, a multi-chain ecosystem, and institutional-grade transparency. It was designed to reduce volatility risk in digital asset markets while enabling on-chain payments, trading, and treasury operations using a euro-denominated instrument. 

The stablecoin also serves as a gateway for businesses looking to integrate blockchain-based payment channels without taking on crypto-native volatility.

The availability of EURS on major blockchains offers flexibility for users and platforms.

For example, DeFi applications on Polygon or Arbitrum can support euro-denominated transactions with lower fees, while Ethereum’s base layer ensures broader liquidity and compatibility with major exchanges.

Circulating Supply and Network Security

EURS currently has over 124 million tokens in circulation. As an ERC-20 token, it benefits from Ethereum’s proof-of-stake security model, reinforced by staking validators that secure the network. Additional deployments on other chains ensure redundancy and prevent single-chain bottlenecks.

On the compliance side, STASIS adheres to European AML and KYC standards and collaborates with governance and reporting partners such as KPMG. 

These mechanisms aim to ensure that EURS remains compatible with evolving digital asset regulations within the European Union.

Where Users Can Access EURS

EURS is available on multiple centralized exchanges, decentralized exchanges, and institutional platforms that specialize in tokenized fiat assets. Users can also manage holdings through the STASIS Wallet app, available on iOS and Android, which supports delegated transactions and multi-network transfers.

Conclusion

EURS has positioned itself as a leading euro-backed stablecoin by combining transparency, regulatory awareness, and multi-chain accessibility. As demand grows for fiat-linked digital assets that operate within European frameworks, EURS continues to expand its presence across settlement layers and DeFi platforms. 

Its approach highlights how traditional financial systems and blockchain technology can merge to create more efficient digital payment ecosystems.

FAQs

What is EURS?

EURS is a euro-backed stablecoin issued by STASIS and pegged 1:1 to the euro.

Is EURS fully collateralized?

Yes, each EURS token is backed by an equivalent euro in reserves.

Which blockchains support EURS?

EURS operates on Ethereum, Polygon, Algorand, XRP Ledger, Gnosis, and XDC.

What makes EURS different?

It focuses on transparency, regulatory alignment, and multi-chain distribution.

How do users hold EURS?

EURS can be stored in the STASIS Wallet or any compatible ERC-20 or multi-chain wallet.