Stasis Integrates Euro-Backed Stablecoin with XRP Ledger

Stasis completed an integration with XRP Ledger in an effort to expand the settlement layers it uses to facilitate cross-border payments with its euro-backed stablecoin, $EURS.

"Another brick has just been added into the foundation of $EURS, and it will solidify our asset for the next cycle of stablecoin market adoption," Stasis CEO Gregory Klumov said in a statement. "Our ongoing partnership will focus on exploring the newly-emerged opportunities of XRP to enable a better financial inclusion as well as stablecoin infrastructure and services that truly align with the values of the Web3 realm."

XRP Ledger is an open-source blockchain developed by a community and cross-border payment company Ripple. Stasis aims to make cross-border payments cheaper and faster by integrating the blockchain with $EURS, as well as improve scalability.