Largest European Stablecoin STATIS EURS Now On XDC Network

• STATIS puts Europe’s largest stablecoin upon XDC network.
• STATIS aims to take a faster Web3.0 integration and approach powered by XDC. 
• Value of EURS spikes up suddenly and regains stablecoin momentum back.

The debate upon the stablecoins has been the most anticipated topic for the year 2022. Most people know very well that the crypto industry is indeed an extremely volatile industry along with extreme insecurities, being the situation in recent times desperately.

The stable coins were always said to be a strong pillar to maintain the stability without suffering losses. However, the recent times in 2022 have evidently put on face that even these so-called stablecoins cannot be trusted, witnessing the fall of certain predominant and standard stablecoins.

 And so, the fear upon the entire crypto industry has been skyrocketing to the worst possible ever in the history of the cryptocurrency industry till date. In a bid to neutralize the current situation, and to restore the faith upon the industry, the only key way for any crypto based firm is to be as transparent as possible. 

In such terms, many crypto firms, cryptos and stablecoins, including the exchanges are doing their best possible to establish their transparencies to the best possible. Accordingly, STATIS, the European fintech firm to which houses Europe’s top stablecoin, the STATIS EURO (EURS), now establishes itself together with XinFin’s XDC network. 

EURS Into Web3.0

With the entire crypto industry moving towards the current trend of the Web3.0 decentralization, has indeed been the major reason for STATIS in establishing itself with the XDC network, and blockchain. And so, now the EURS will be available upon the XDC blockchain, therefore enabling it to become faster, secure, and at a lower cost for the transactions being made. 

WIth this bridge up between STATIS, and XDC, the CEO of STATIS, Gregory Klumov, states that they are extremely thrilled with this partnership. In addition, Gregory terms that their partnership with XDC has enabled them to be involved with support of new powerful tools, support of enterprise participants, and a completely new global community. Moreover, Gregory adds that transparency is the key towards making themselves trustworthy. Also, he adds the necessity of educating cryptocurrency, along with fintech inclusions towards the new trends of the Web3.0.