As of yesterday, the platform has enabled deposits, withdrawals and the trading of the stablecoin with the USD, EUR and BTC pairs.
STASIS, a startup based in Malta, launched the project last year with the aim of creating a stablecoin pegged to the euro and thus entering into a sort of potential competition with Tether, the stablecoin pegged to the US dollar.
The STASIS Foundation aims to achieve a balance of economic forces in the crypto market. It has thus created an ecosystem of financial intermediaries, law firms and accounting firms that together have allowed STASIS to create a framework for tokenisation, offering stability provided by the fiat counterpart, the euro.
The OKCoin listing is a big step as the stablecoin is not yet listed on any major exchange. STASIS CEO Gregory Kulmov explained:
“By listing EURS on their exchange, OKCoin has broadened access to our institutional-grade stablecoin and at the same time taken a significant step toward increasing their reach in the European market, where institutional interest in digital assets will continue to grow. We’re excited to be listed on their platform.”
Future plans for STASIS also include launching a tokenised altcoin index that will allow investors to differentiate exposure with a single trade.