Blockchain technology-oriented Island of Malta is backing a digital Euro or EURS cryptocurrency, has obtained a dollar pairing at a Hong Kong-based crypto exchange Hitbtc. The CEO of STASIS, Gregory Klumov announced the pairing in his twitter account.
World's first crypto euro to crypto dollar pair is live on HitBTC #EURS
— Gregory Klumov (@gregoryklumov) July 23, 2018
We have earlier covered the planning of EURS by STASIS Platform in greater details:
EURS aims to address a growing demand from European institutional investors towards cryptocurrencies. The stablecoin will provide a trustworthy haven during excessive periods of cryptocurrency market volatility, while also enabling a free off-chain transfer of assets via blockchain.
STASIS launched EURS in Malta three weeks ago with a 1:1 ratio to Euro during a press conference, which was also attended by Prime Minister Joseph Muscat who announced crypto-scape changing new regulations.