HitBTC Adds Euro-Backed Stablecoin EURS by Stasis
— HitBTC (@hitbtc) July 23, 2018
According to the announcement, the EURS is the first ever fiat-collateralized cryptocurrency pegged to the euro and is already is leveraged by European institutional investors looking to enter the cryptocurrency markets, which works to minimize their funds’ volatility.
The project has already been highly appraised in media for taking the stablecoin transparency standards to the next level. (daily statements from third-parties and quarterly reviews by the Big 4) The coin maintains the benefits of both traditional instruments of finance and crypto-markets. STASIS EURS is a stablecoin, aimed to offer the users highest liquidity on exchanges, from crypto to fiat and back.
HitBTC currently has 880 markets with more than by 440 coins. The exchange features a number of other stablecoins, including Andreessen Horowitz-backed TrueUSD.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.