STASIS crypto-enabler platform pioneers commercialization of stablecoin use cases: acquiring, DeFi lending, remittance, and white-label corporate settlement.
The project team aims to bridge the gap between decentralized finance and the off-chain market.
Since its emergence in 2017, STASIS has functioned as the most transparent and institutional-friendly part of the European blockchain ecosystem through the strategic intersection of licensed financial intermediaries and distributed ledger technology.
It’s a real trendsetter of the European cryptocurrency framework as the STASIS team has provided priceless help in crafting the Maltese legal framework a few years ago and helping decision-makers climb the learning curve in E-money 2.0.
The STASIS’s euro-backed stablecoin raises the bar for asset-backed digital tokens and is aimed m to capture the biggest market share among peers. In 2020, EURS is the largest non-dollar stablecoin and is backed by euro reserves to ensure a 1:1 EURS to Euro ratio.
The use of stablecoins
Stablecoins are becoming more and more popular since this type of cryptocurrency is designed to hedge against volatility in crypto markets. Such solutions are backed by relatively stable assets such as commodities, fiat money, or another cryptocurrency. Stablecoins can also be backed by algorithms, which control the stablecoin supply and ensure on-chain adjustments.
The most obvious use case for a stablecoin is to prevent the fall or the rise in prices that impact most cryptocurrencies, so the crypto holders can shift their cryptocurrency into stablecoins to escape traditional volatility risks.
However, stablecoin use isn’t limited to solely financial or trading purposes. Due to their low volatility, such assets are also incredibly fit for payment transactions. Indeed, a seller will hesitate to transact in cryptocurrency if it’s price is likely to drop. It is just as likely that someone will not be willing to pay for goods or services in cryptocurrency if his assets will likely increase in value.
Stablecoins are the right solutions to solve the volatility issue on world markets. Combined with decentralized marketplaces, stablecoins bring more liquidity to the cryptocurrency market by offering a low volatility means of exchange. Moreover, it’s a suitable solution to increase the adoption of blockchain payments since the low volatility combined with the efficiency and simplicity of blockchain transactions makes it perfect for payment-related applications.
By partnering with STASIS, Cartam.world aims to promote the adoption and use of stablecoins in day-to-day transactions between individuals in the native currency for Eurozone customers. EURS provides easy entry and exit from crypto for clients with Euro as balance sheet currency. Users of cartam.world P2P marketplace can now transact using EURS stablecoin to buy and sell second hand goods!