XDC Network Adopts Euro Stablecoin EURS Into Its Decentralized Trade Finance Ecosystem by Krypto Walker STASIS Blog

Businesses and developers can leverage the global euro digital currency with the speed, affordability, and reliability of the Stellar network. EURS can be sent, spent, held, and traded around the globe 24/7, with low-cost, near-instant transactions. The EUSRs support the work of the EU High Representative/Vice President (HR/VP) in the regions concerned. They play an important role in the development of a stronger and more effective EU Foreign and Security Policy (CFSP) and in the Union’s efforts to become a more effective, more coherent and more capable actor on the world stage.

  1. The introduction of STASIS EURO or EURS to the Stellar network is a timely response to this need, offering a market-tested and dependable option amidst the market’s ups and downs not only to Eurozone clients but globally.
  2. It offers builders a protocol optimized for payments, with a design intended to keep fees low and to provide transaction speeds that can scale with increased adoption.
  3. This integration will also help users within the XDC ecosystem by providing a transparent stablecoin solution that complements solutions pegged to the US dollar.
  4. Depending on your system specifications, the agency solution can be installed and validated within a matter of days.
  5. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate.

Read about Euro Coin (EUROC) — another stablecoin whose price is pegged to the EUR. Headquartered in Malta since 2012, STASIS EURO has been cooperating with the Government of Malta on the regulatory framework for cryptocurrencies. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.


The team behind STATIS consists of financial experts, serial entrepreneurs and crypto enthusiasts. According to Crunchbase, the key figures are Gregory Klumov (CEO), Anatoliy Knyazev (CTO) and Vyacheslav Kim (CFO). Mr Eamon Gilmore is a former Deputy Prime Minister, and Minister of Foreign Affairs of Ireland. He had government responsibility for the implementation of the Good Friday Agreement, including its core human rights provisions. Since October 2015, he is also the High Representative’s Special Envoy for the Colombian Peace Process. The Special Representative has a broad, flexible mandate, capable of adapting to evolving geopolitical circumstances.

He also supports the implementation of the General Framework Agreement for Peace (GFAP) in BiH. To ensure you get the most out of your purchased solution, we offer detailed training for each product within the EXTEDOpulse solution portfolio. Training sessions are tailored to your individual needs and cover a broad range of technical and regulatory topics. Designed to educate you on how to utilize your EXTEDO solution, our training sessions are conducted either in-house or onsite. They add hidden markups to their exchange rates – charging you more without your knowledge.

She seeks to build upon her long experience to channel strong cooperation in-between the EU and Central Asia region. The European Union has Special Representatives in different countries and regions of the world. Quick access to submissions throughout the entire lifecycle of a medicinal product. All investment services are provided by the respective Wise Assets entity in your location. In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider.

Your Europe

The Stellar network stands out as a blockchain designed for facilitating efficient, low-cost, and fast payments. Its decentralized protocol enables seamless transactions, connecting individuals, institutions, and payment systems globally. However, one of the significant challenges in traditional cryptocurrency transactions, especially for daily use, is volatility. The reliability and consistency of stablecoins make them highly valuable for everyday transactions and a critical component in the realm of payments.

The mandate of the EUSR for the Middle East Peace Process is to provide an active contribution to the final settlement of the Israeli-Palestinian conflict based on a two-state solution, in line with the UNSCR 2334 (2016). The EUSR maintains to this end close contacts with all parties in the peace process as well as with the United Nations and other relevant organisations such as the League of Arab States. The tasks of the Special Representative for Human Rights are to enhance the presence, effectiveness and visibility of EU human rights policy in the EU external actions. Purchasing a new EXTEDO application is the first step to streamlining business and regulatory processes within your organization. However, ensuring correct installation, implementation and integration is a crucial step in the process of deploying your new solution.

The EU Special Representatives (EUSRs) promote the EU’s policies and interests in specific regions and countries and play an active role in efforts to consolidate peace, stability and the rule of law. Banks often advertise free or low-cost transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Mr Johann Sattler is the EU Special Representative in Bosnia and Herzegovina since 1 September 2019.

Consumer Technology Overview

This interconnected network serves as a hub that streamlines 24/7 crypto-fiat exchanges, enhancing https://cryptolisting.org/ usability. SAN FRANCISCO, Nov. 29, 2023 /PRNewswire/ — STASIS, a trailblazer in issuing euro-backed stablecoins and the company behind EURS, has recently achieved a significant milestone by integrating with the Stellar blockchain. This integration brings a new digital version of the second-most widely used currency in the world to the Stellar network, broadening access to transparent and reliable euro-denominated stablecoins. The EUSR seeks the best ways to contribute to the stability and security of the region by engaging and supporting dialogue and long-term regional solutions with individual Gulf partners and relevant regional organisations. He equally supports and cooperates with the Council and the European Commission to help ensure the consistency of the EU’s external action in the region, and contributes to increase the visibility and understanding of the role of the EU.

The EURS token is deployed as an ERC-20 token on the Ethereum blockchain, which is secured by a proof-of-stake (PoS) consensus mechanism. EURS is also available on Ethereum layer-2 chains like Arbitrum, Polygon, Gnosis Chain, Algorand, XRP and XDC Network. The STASIS EURO price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. In a world where understanding the intricacies of cryptocurrency remains a challenge for many, the existence of a transparent and trusted stablecoin like EURS is a game-changer. Mr. Luigi Di Maio was appointed as the first EU Special Representative for the Gulf region on 15 May 2023 and he took up his duties on 1 June, with an initial mandate of 21 months. Scalable for numerous internal and external users where IT resources may be limited.

Business Technology

This integration will also help users within the XDC ecosystem by providing a transparent stablecoin solution that complements solutions pegged to the US dollar. STASIS’ prior commitment to multi-chain development led to the integration with Stellar, renowned for its quick transaction processing, low fees, and scalability. This initiative not only expands the user base for EURS but provides the Stellar ecosystem access to one of the most prominent EURO stablecoins that can be leveraged in the Stellar network’s ever growing real-world use cases. Tailored specifically to the needs of regulatory and related stakeholders, EXTEDO’s business process and regulatory consulting services are designed to support you during and after your eCTD submissions.

The Special Representative also aims to enhance the quality, intensity and impact of the EU’s multifaceted engagement in the Horn of Africa. The company has a clear focus on regulations when creating the euro-backed digital asset that helps protect funds from the volatility, risks and uncertainty of financial markets. Klumov is a tech entrepreneur specializing in alternative asset management and the development of complex business multi-strategies. He started out in IT, established a high-speed Internet Service Provider (ISP) called BNET at a young age, then moved into finance and later entered the crypto sector during the emergence of Bitcoin. The cryptoasset is additionally supported by a complete ecosystem of liquidity providers, custodians, exchanges, payment platforms, and many others. Already, EURS boasts over 70,000 users all across the globe, and reserves for the asset have reached almost 100 million Euros — representing a full 3x growth during the last year alone.

It recently partnered with Tradeteq, a technology and software provider for the trade finance industry. Together, the pair aims to launch the world’s first Stablecoin backed by a basket of tangible and well-established trade finance instruments. EURS provides a safe alternative for users, including institutional investors, to leverage a digital asset safely and without the need for costly intermediaries. It is also entirely and transparently backed by Euro reserves, offering daily account statements, monthly verifications, and quarterly audits through their auditor, BDO Malta.

They provide the EU with an active political presence in key countries and regions, acting as a “voice” and “face” for the EU and its policies. Through the agency solution interface, you can access imported submissions and search, view, and annotate them. This powerful feature allows you to organize and filter submissions based on certain criteria, such as regulatory activities corresponding to the overall regulatory status of a drug product. As recognized by regulatory authorities around the globe, the agency solution is the requisite solution for effortless review and validation of regulatory submissions. Regulatory agencies are faced with increasing volumes of submission documents and data.

Depending on your system specifications, the agency solution can be installed and validated within a matter of days. Its user-friendly and intuitive interface is equipped with integrated, context-sensitive online help that ensures ease of adoption amongst your users and minimizes the need for expensive structured training sessions. Supporting distributed workforces with many hundreds of users, the agency solution is an extremely scalable solution. He previously served as a political and eurs legal advisor in peace and mediation processes under the auspices of the EU, the UN, and other international organisations, including in Cyprus, Kosovo, Mali, Sudan and Syria, among others. Mr Tomáš Szunyog was appointed European Union Special Representative for Kosovo on 1 September 2020. In order to achieve the policy objectives, the mandate includes the task of offering the EU’s advice and support in the political process and promote overall Union political coordination in Kosovo.

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