Stasis Euro (EURS) is a fiat-backed euro stablecoin. It has about $8.6M in circulation, ranking #139 among the stablecoins CoinScoop tracks, and runs on 5 blockchains.
What is EURS?
Stasis Euro (EURS) is a fiat-backed euro stablecoin. It has about $8.6M in circulation, ranking #139 among the stablecoins CoinScoop tracks, and runs on 5 blockchains.
In the issuer's words: EURS, an ERC/EIP20 token, is a euro-backed digital asset.
EURS supply history
EURS supply was flat over the past 30 days. Its peak was $131M in March 2022, and supply is 93% below that high.
Is EURS holding its peg?
EURS is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where EURS lives: supply by blockchain
Supply is concentrated: Ethereum holds 85% of all EURS. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How EURS is backed
Each EURS is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: Stasis customers who have undergone a verification process can exchange EUR for EURS and redeem EURS for EUR.
Reserve reports and audits: stasis.net
EURS risks
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
With $8.6M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
EURS vs USDT and USDC
Similar fiat-backed stablecoins
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EURS FAQ
What is EURS?
Stasis Euro (EURS) is a fiat-backed euro stablecoin. It has about $8.6M in circulation, ranking #139 among the stablecoins CoinScoop tracks, and runs on 5 blockchains.
Is EURS pegged 1:1 to the euro?
EURS targets 1 EUR. At the last update it traded at €0.9969, a deviation of -0.31%, which we classify as "on peg".
What backs EURS?
EURS is a fiat-backed stablecoin. Each EURS is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is EURS on?
EURS is live on 5 blockchains. The largest by supply are Ethereum ($6.6M), Stellar ($1.1M), Algorand ($73K).
How much EURS is in circulation?
About $8.6M of EURS was in circulation at the last update, 0.0% over 30 days. That makes it the #139 stablecoin by supply among those we track.
Is EURS safe?
No stablecoin is risk-free. As a fiat-backed design, EURS's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.
