Thursday, October 28, 2021
Home Crypto News Market Stasis And Occam.Fi Become Partners To Launch Euro Stablecoin On Cardano

Stasis And Occam.Fi Become Partners To Launch Euro Stablecoin On Cardano

- Advertisement -

The Occam Association announced that it will partner with leading stablecoin issuer Stasis to offer the first Euro stablecoin on Cardano, the Stasis Euro (EURS) through its Occam.fi Ethereum–Cardano bi-direction bridge.


Stasis will also work with the Occam.fi team to develop innovative decentralized financial solutions for Cardano.

Read: Alonzo White Testnet Can Go Live Soon Plus Cardano Hits New Milestone As ADA Crossed 660K Staking Addresses

 

Stasis is a platform that offers its partners the creation of smart contracts, third party audits, custody services and in-depth knowledge of current crypto regulatory environment.

stromgain

EURS Stasis is the leading Euro stablecoin that combines the benefits of decentralization with the reputation and relative economic stability of the Euro. All EURS stablecoins are backed on a one-to-one basis by collateral held in the company’s reserve accounts.

Read: ADA Pay Continues to Grow As COTI Powered Wolfram Alpha Adopt ADA Pay For NFT Auction 

Stasis CEO, Gregory Klumov said:

“Stasis has long been interested in exploring the Cardano native token environment to both extend our wallet infrastructure to, and to build out stablecoins on. With low transaction fees and a strong focus on decentralization, Cardano looks to be a promising blockchain for financial inclusion. We’re excited to work alongside the Occam.fi team, and leverage their experience of building for the Cardano ecosystem.”



Occam Association President, Mark Berger said:

“This is the first time that a fiat-backed stablecoin of one of the world’s major economic zones has been made usable on the Cardano blockchain. We are looking forward to working closely with Stasis not only to deliver its EURS stablecoin to Cardano through our bridge infrastructure, but also to build out more DeFi solutions unique to Cardano.”

Read: Another Big Cardano Partnership on The Cards As Charles Hoskinson Is Planning El Salvador Visit

 

 

- Advertisement -
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Shiba Inu Surpasses Dogecoin For The First Time Ever, Shib Becomes First Meme Token To Live Up To The ‘DOGE Killer’ Title

Shiba Inu is now officially the biggest canine coin after surpassing Dogecoin. window.coinzilla_display = window.coinzilla_display || ; ...

MoneyTree Announces the Launch of its NFT Store on Lootex

London, England / October 27, 2021 / MoneyTree, a truly deflationary and fully decentralized gaming token, announced the launch of its NFT store on...

Dubai Financial Regulator Approves Bitcoin Fund Which Is First Registered Product Of Its Kind In The Middle East

Launched by Canadian firm 3iQ Digital Asset Management, the Bitcoin Fund (QBTCu.TO) is the first registered product of its kind in the Middle East.

DOGE Lost Its 9th Position & Slips to 10th By Means of Market Capitalization, Is DOGE Going to Dump and SHIB Going to Pump?

USD Coin (USDC) has just surpassed doge by means of market capitalization. DOGE is standing at $31,026,080,066. ...

TurboXBT Is Introducing Short-Term Synthetic Digital Asset Trading

TurboXBT is delighted to introduce a next-generation cryptocurrency trading experience for both professional and beginner users. By leveraging short-term contracts of synthetic assets in...

Brazilian Giant 99 To Enable Bitcoin Trading On Their 99Pay App

Coindesk report Brazilian 99Pay wallet users will be able to make commission-free transactions in bitcoin. Read: FDIC Chairwoman Says US Regulators Are Exploring Policies For...

Tiki Token is waiting for you – Get it for automatic BNB Rewards

Let’s get things straight.  There are over 10,000 cryptocurrencies out there, at least according to Planet Crypto. But let’s be honest, most of them are...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.