Ripple: Euro-pegged Stablecoin integrated with XRP Ledger
Stasis has completed an integration with XRP Ledger in an effort to expand the settlement layers it uses to facilitate cross-border payments with its euro-backed stablecoin—EURS. As such, Stasis is a Malta-based startup, while the XRPL is an open-source blockchain developed by blockchain payments company Ripple . With respect to how this would foster adoption, the firm’s CEO Gregory Klumov said in a statement, “Another brick has just been added into the foundation of EURS, and it will solidify our asset for the next cycle of stablecoin market adoption.” Commenting on the partnership, Klumov added, “Our ongoing partnership will focus on exploring the newly-emerged opportunities of XRP to enable a better financial inclusion as well as stablecoin infrastructure and services that truly align with the values of the Web3 realm.” Partnership taken to next stage Per the official blog post, more than $5 billion in EURS has been settled on...