Wednesday 25 May 2022
Home / binance / STASIS Announces Plan to Issue Euro Stablecoin on the XRP Ledger
FM Home > CryptoCurrency > News > STASIS Announces Plan to Issue Euro Stablecoin on the XRP Ledger Executive Moves of the Week: Round Up STASIS Announces Plan to Issue Euro Stablecoin on the XRP Ledger The company aims to issue EURS on XRPL due to its scalability and cost-effective nature. Ripple will support STASIS through technical assistance. Thursday, 17/02/2022 | 09:03 GMT-0 by Bilal Jafar News XRP // ToDo refactor when changes on back-end are ready 0 Join our Crypto Telegram channel Blockchain services provider, Ripple announced recently that STASIS, a leading company in euro-backed stablecoin production, will issue EURS on the XRP Ledger (XRPL). ADVERTISEMENT STASIS highlighted that scalability, speed, cost-effective nature and carbon neutrality are some of the key reasons to select XRP Ledger for the issuance of Euro Stablecoin (EURS). Ranked among the top 10 stablecoins around the world, the buzz around EURS has jumped substantially in the past few months. According to Rippl..

STASIS Announces Plan to Issue Euro Stablecoin on the XRP Ledger

FM Home > CryptoCurrency > News > STASIS Announces Plan to Issue Euro Stablecoin on the XRP Ledger Executive Moves of the Week: Round Up STASIS Announces Plan to Issue Euro Stablecoin on the XRP Ledger

  • The company aims to issue EURS on XRPL due to its scalability and cost-effective nature.
  • Ripple will support STASIS through technical assistance.

by Bilal Jafar

News XRP // ToDo refactor when changes on back-end are ready

Ripple XRP

0 Join our Crypto Telegram channel

Blockchain services provider, Ripple announced recently that STASIS, a leading company in euro-backed stablecoin production, will issue EURS on the XRP Ledger (XRPL).

ADVERTISEMENT

STASIS highlighted that scalability, speed, cost-effective nature and carbon neutrality are some of the key reasons to select XRP Ledger for the issuance of Euro Stablecoin (EURS). Ranked among the top 10 stablecoins around the world, the buzz around EURS has jumped substantially in the past few months.

According to Ripple, the blockchain company will provide necessary technical support for the integration of EURS with XRP Ledger in the second half of 2022. In September last year, Ripple launched a $250 million creator fund to support NFTs on the XRP Ledger.

“Built for payments, the XRPL and its built-in decentralized exchange (DEX) can support the issuance of stablecoins with a unique, fungible token functionality called Issued Currencies,” Ripple noted in the announcement.

Related content

According to Gregory Klumov, the CEO of STASIS, the partnership with Ripple will facilitate clients with easy access to stablecoin services. “Since STASIS is destined to lead innovation in the stablecoin technology and digital asset space, we are delighted to partner with Ripple as the trailblazer of this realm. The partnership will focus on exploring options to provide our clients with greater financial access to stablecoin infrastructure and services via the XRP Ledger,” Klumov said.

XRPL

The adoption of XRP Ledger rose to a record high in 2021 after leading financial firms announced XRPL's integration. In March 2021, Ripple said that the company is planning to support central banks through a private version of XRPL.

From our Directory Cryptocurrency Exchanges

List of Cryptocurrency Exchanges and their features

Company Logo
Binance
Company Logo
Huobi

Find more

“Developers and institutions require easy on and off-ramps to create great user experiences for their crypto products,” said Monica Long, the GM of RippleX. “We’re thrilled to support STASIS in bringing EURS to the XRP Ledger, whose DEX enables near-instant, low-cost settlement and liquidity for assets of all kinds.”

Blockchain services provider, Ripple announced recently that STASIS, a leading company in euro-backed stablecoin production, will issue EURS on the XRP Ledger (XRPL).

ADVERTISEMENT

STASIS highlighted that scalability, speed, cost-effective nature and carbon neutrality are some of the key reasons to select XRP Ledger for the issuance of Euro Stablecoin (EURS). Ranked among the top 10 stablecoins around the world, the buzz around EURS has jumped substantially in the past few months.

According to Ripple, the blockchain company will provide necessary technical support for the integration of EURS with XRP Ledger in the second half of 2022. In September last year, Ripple launched a $250 million creator fund to support NFTs on the XRP Ledger.

“Built for payments, the XRPL and its built-in decentralized exchange (DEX) can support the issuance of stablecoins with a unique, fungible token functionality called Issued Currencies,” Ripple noted in the announcement.

Related content

According to Gregory Klumov, the CEO of STASIS, the partnership with Ripple will facilitate clients with easy access to stablecoin services. “Since STASIS is destined to lead innovation in the stablecoin technology and digital asset space, we are delighted to partner with Ripple as the trailblazer of this realm. The partnership will focus on exploring options to provide our clients with greater financial access to stablecoin infrastructure and services via the XRP Ledger,” Klumov said.

XRPL

The adoption of XRP Ledger rose to a record high in 2021 after leading financial firms announced XRPL's integration. In March 2021, Ripple said that the company is planning to support central banks through a private version of XRPL.

From our Directory Cryptocurrency Exchanges

List of Cryptocurrency Exchanges and their features

Company Logo
Binance
Company Logo
Huobi

Find more

“Developers and institutions require easy on and off-ramps to create great user experiences for their crypto products,” said Monica Long, the GM of RippleX. “We’re thrilled to support STASIS in bringing EURS to the XRP Ledger, whose DEX enables near-instant, low-cost settlement and liquidity for assets of all kinds.”

Topics stablecoin Ripple xrp. ledger XRP Share this article About the Author: Bilal Jafar Bilal Jafar

  • 1728 Articles
  • 11 Followers

Follow Follow ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT

Most Popular

About Sean Patterson

Check Also

WEF 2022: Ripple CEO reveals he visited SEC several times before lawsuit struck

Brad Garlinghouse, the CEO of cross-border payments company Ripple, spoke during a panel discussion Monday at the World Economic Forum in Davos, Switzerland. Garlinghouse, who also occupies a role as a member of the company’s board of directors, commented on a wide range of topics, most notably the current status of regulation in the United States versus G20 nations. Ripple CEO Brad Garlinghouse. Source: CointelegraphEmphasising the prudent necessity for regulatory frameworks which serve integral principles of “clarity and certainty", Garlinghouse stated his belief that: “The overwhelming majority of people working within the crypto industry are good actors that want to do right by regulators. But when the rules of the road aren’t clear, it’s very difficult to manage within that.”Later in the conversation, Garlinghouse revealed that he personally went to the U.S. Securities and Exchange Commission (SEC) office "four or five times in the years leading up to their decision to file a law..

Leave a Reply

Your email address will not be published. Required fields are marked *