Malta-based start-up Stasis has completed the integration of a euro-backed stablecoin and XRP Ledger.
Ripple announced earlier this year that Stasis will offer a euro-backed stablecoin on XRP Ledger. After a long time, EURS and XRP Ledger integration took place. In addition to the integration, technical information will be transferred between the two companies.
Stasis Integrates Euro-Backed Stablecoin into XRP Ledger
Stasis announced that it has completed the XRP Ledger integration with the euro-backed stablecoin EURS.
XRP Ledger is an open-source blockchain network developed by international payments company Ripple. By integrating its blockchain network with euro-backed EURS, Stasis aims to make international payments cheaper and faster, as well as improve scalability.
Stasis CEO Gregory Klumov said in a statement:
“Another brick has been added to the EURS foundation and will solidify our presence for the next cycle of stablecoin adoption. Our ongoing partnership will focus on exploring stablecoin infrastructure and services that truly align with the values of the Web3 space, as well as XEP’s emerging opportunities to drive better financial inclusion.”
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