Portals integrates EURS, the 1:1-backed Euro-linked stablecoin

Why should the world revolve around USD, anyway?

May 31, 2024

What is EURS? 💶

Why should the world revolve around USD, anyway? Created by European fintech company Stasis, EURS is the largest Euro-backed digital asset in the world. The stablecoin has been on the market for 6 years and is pegged 1:1 to the Euro, providing the DeFi industry with the stability of the world’s second most traded fiat currency, while pairing it with the transparency and efficiency of blockchain technology.

EURS is an ERC/EIP20 token that has pioneered delegated payments on the Ethereum network. This means gas fees can be paid in EURS or indeed any other digital asset supported by the Stasis wallet, removing a major point of friction from any DeFi user’s experience.

Portals now supports the EURS stablecoin for any-to-any swaps & pool zaps on Ethereum network, Polygon, and Arbitrum, with more to come.

Why integrate EURS?

Portals aims to simplify DeFi on all levels. This includes giving non-US centric users the opportunity to trade in the familiar and the trusted on 7 different blockchains. Portals joins many other trusted and prestigious projects, some of whom we’re actively working with, in the DeFi space in supporting EURS.

A selection of projects integrating EURS stablecoin

EURS is regulated within the EU, has received legal opinions in the US, UK, Switzerland, and Liechtenstein, and can be legally used in 175 countries worldwide. To ensure security, EURS supports 4 streams of verification. With all EURS assets backed on a 1:1 basis with liquid Euro balances held at the Lithuanian Central Bank, we’re expanding our financial inclusivity and ensuring the largest breadth of trading options for our users.

After all, the world’s second most traded currency deserves a transparent, immutable, and efficient stablecoin. EURS aims to be that, and more.

Learn more about EURS & Stasis through the following links ⤵️

🌐 Visit the EURS website
⛓️ Visit the STASIS website
🟦 Visit the STASIS LinkedIn
📚 STASIS Medium
STASIS Twitter/X
🗣️ STASIS Discord