Crypto Spotlight: EURS

Region: Europe
Jan 24, 2022, 11:00:00 AM Published By Wirex Team

We’ve expanded our selection of stablecoins in the Wirex app and we want you to get to know them! Today, we’re looking at EURS – the largest euro-backed digital asset. Here’s what you need to know about it.

What is EURS?

EURS is an ERC/EIP20 token that mirrors the value of the euro. It aims to bridge the gap between traditional and digital economies by combining the benefits of blockchain technology with the stability of the euro.

Who created it?

EURS was developed by STASIS and launched in 2017. The project was founded by Gregory Klumov and is based in Malta.

What can you do with it?

You can buy or exchange EURS in the Wirex app at exclusive OTC rates or spend it in real life with your Wirex card!

What makes it unique?

EURS is the first stablecoin to introduce delegated payments on the Ethereum blockchain. This means that users no longer have to worry about paying high gas fees to make transactions. Instead, they can pay transaction fees using EURS or any other digital currency supported by the STASIS wallet.