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.
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.