STASIS EURS

EURS is a fiat-collateralised stablecoin issued by Stasis and pegged 1:1 to the euro. It is fully backed by liquid euro reserves held with regulated institutions and managed by STSS Malta. The token is available on multiple blockchain networks including Ethereum, Polygon, Algorand, XRPL, and XDC, and is also accessible via bridges such as Arbitrum and Gnosis Chain.

EURS was developed to provide a euro-denominated stablecoin with full transparency, targeting both retail users and financial institutions. All issued tokens are supported by daily reserve statements, quarterly verifications, and annual audits conducted by third-party providers such as BDO. This audit framework allows verification of the total supply against underlying euro holdings.

EURS functions as a digital euro and is used across a variety of applications:

• Payments and remittances: Enables low-cost, cross-border transactions without reliance on traditional banking infrastructure.
• Store of value: Offers a stable digital asset alternative for holding funds, especially in volatile crypto environments.
• Hedging: Can be used to manage exposure in trading strategies where euro-denominated stability is required.
• DeFi integration: EURS is supported by decentralised finance protocols for staking, lending, liquidity provision, and yield generation.
• Enterprise finance: Used by organisations for payroll, treasury management, and settlement in both crypto-native and traditional sectors.

The token is also integrated into the Stasis Bridge to facilitate cross-chain value transfer in a capital-efficient manner.

EURS maintains its 1:1 peg to the euro through full reserve backing in liquid euro accounts. These reserves are held at selected partner institutions and managed with the approval of the Stasis Foundation. The stability mechanism does not involve algorithmic models or overcollateralised crypto assets.

Transparency is enforced through a four-tier audit structure:

1. Daily reserve account statements
2. Quarterly third-party verifications
3. Annual financial audits
4. On-demand attestations for institutional clients

All circulation data is available on-chain and verified against reserve balances, ensuring public accountability.

The Stasis Wallet is a non-custodial mobile wallet built by the Stasis team to support EURS and selected digital assets such as Bitcoin, Ethereum, USDT, USDC, and DAI. It is designed to give users full control over their private keys and supports the following features:

• Multi-asset support: Enables sending, receiving, and swapping major cryptocurrencies and stablecoins.
• Delegated transfers: Users can pay Ethereum gas fees using EURS or ETH.
• DeFi connectivity: WalletConnect support enables interaction with DeFi protocols directly from the app.
• Security: Private keys are encrypted and stored locally; users maintain sole ownership.

The wallet also supports recovery via standard derivation paths, enabling compatibility with other wallet services like MetaMask and Ledger.

The Stasis Bridge enables cost-efficient transfers of EURS across different blockchains without the need for liquidity pools. This is achieved by minting and burning tokens on supported chains to preserve a consistent 1:1 parity across networks.

The bridge uses Hash-Time Locked Contracts (HTLCs) to enable secure, trust-minimised transfers, with atomic swap support and on-chain verification. The roadmap includes a phased transition from a centralised, permissioned bridge to a decentralised framework based on smart contracts.

Stasis Bridge aims to offer:

• Seamless DeFi integration
• Interoperability with decentralised exchanges
• Broad chain compatibility
• Minimal transaction fees