STASIS Welcomes A New Player to the Web 3 Stablecoin Arena

“Take the high road — it’s never crowded” — long term investor Warren Buffet

The need for local balance-sheet currency stablecoins, procured locally, is severely underestimated on the global cryptocurrency frontier.

Understanding the STASIS EURO (EURS) differentiation

The euro segment of the stablecoin market has seen very few competitive fintech products. Given that global user base has just started climbing their learning curve in understanding the risks behind these products, many stablecoin companies have tried to penetrate the market and failed to achieve perceptible adoption.

We feel it is important to objectively inform the stablecoin community about the properties and risks of each euro digital asset product that can be trusted with one’s wealth.

Why STASIS EURO?

What defines EURS

Undoubtedly, there is an ancient trend of importing American fintech products & acceptance in the EU: Facebook, Netflix, LinkedIn, Twitter, Instagram, WhatsApp, Telegram, Uber… just to name a few — this could be a topic for a separate discussion, which we will not touch in this article.

IRS and AML5D

It should be noted that transactions through dollar accounts in dollar banks for Americans, United States-based companies or organizations that have a representative office or substance in the US, tend to receive easier and hassle-free compliance than from the rest of the world, even for European residents.

The difference lies in the European and the U.S. tax systems. For a client that interacts with the U.S. dollar within the country, there is a “second line of defence” in a form of IRS — tax reporting and liability of unlimited duration. Since Europe does not have a single body of such magnitude and such power, transaction screening on the financial system level is tighter and more demanding on client documentation.

By choosing EURS, the user gains exposure to pure digital euro, unchained from U.S. regulatory risks as neither STASIS company has any USD exposure nor accounts denominated in this currency.

Staying exempt from conflict of interest.

STASIS treats possible conflicts of interests very carefully, and it was a conscious team’s decision to follow the applicable law — in the event of a full backward audit, we are confident that all transactions can be properly reconciled. Sooner or later there will be some EU regulation present — and STASIS will be the first to comply with forthcoming requirements.

When a euro stablecoin is issued by a U.S.- based entity using the U.S. legal and financial infrastructure, the risks of U.S. legislation multiply by European ones. When risks multiply, the resulting risk becomes the risk squared.

The general user may not be aware of the amount of risks involved when entering the territory of this emerging digital asset class. There are more than a dozen euro stablecoins on the market nowadays. By choosing EURS, you can be sure that you are protected from pitfalls in case of a known risk events. The STASIS team watches your back. EURS will always offer you a piece of stability in this volatile crypto environment.

At the end of the day, a user always wins. We are eager to strive for competitiveness that will contribute to the development of a better cryptocurrency experience.

Follow us on:

Dear community, kindly support us by giving up to 50 claps to this article!

Related posts:

Zhou Guanyu provided an encouraging update on his condition Sunday hours after his frightening crash at the F1 British Grand Prix. The Alfa Romeo driver was inadvertently hit by George Russell’s…

We have to work with what we have and not let the size of our hearts hold us back. | This is why w need courage to expand our world.

People who want to join LeadingAgile in a technical consulting role help us gain a sense of how they approach common problems by working through one or more hands-on exercises. Just as a picture is…