STASIS stablecoin has unveiled a highly-anticipated Sell-Back UI, a new cryptocurrency off-ramp which is structured to decentralize fiat reserves while allowing users to easily exchange EURS for Euros.
According to the official press release, that was shared with iHodl, the stablecoin team has chosen 3 main cases — lending, remittance, corporate settlement — for the next cycle of project development.
"STASIS team has successfully created EURS token, forming a solid foundation around it step by step," the press release states.
In the meantime, previously iHodl reported the Council of the European Union issued a report, according to which the EU decision-maker will ban all stablecoins until all of the risks related to them and concerns are properly addressed.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.