EURS (EURS) Review
STASIS EURO — the oldest operating EUR stablecoin (2018), MiCA-grandfathered via MFSA Malta
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EURS is the oldest operating EUR stablecoin, launched July 2018 by STSS (Malta) Limited under MFSA Malta supervision. Authorized as a MiCA EMT, having been effectively grandfathered from the pre-MiCA Maltese EMI regime. Aggregator market cap shows ~$151M / ~124M EURS, but Stasis's own daily transparency portal reports only ~7.4M EURS in actively-backed float — a 17x discrepancy worth flagging openly. Reserves are 100% cash in Central Bank accounts (the most conservative model in the EUR stablecoin space). Native on Ethereum, Polygon, Algorand, XRP Ledger, XDC; bridged on Arbitrum, Gnosis Chain. Bitpanda's 2024 pivot to EURCV partnership signaled waning institutional support for EURS.
Builders on Algorand, XRP Ledger, or XDC Network — EURS is the only fully MiCA-compliant EUR stablecoin natively issued there. Investors who value the most conservative reserve model (100% cash in Central Bank accounts, no T-bill exposure). Market makers seeking less-saturated EUR pools on Curve and Uniswap V3 Polygon.
You want retail-grade trading liquidity (24h volume ~$4k vs EURC's $30-40M). You prefer monthly Big-Four attestations (EURS has BDO Malta quarterly + annual, not monthly). You need CASP distribution in Italy (only Bitstamp and DEX accessible). The aggregator-vs-issuer supply discrepancy concerns you structurally.
Datos rápidos
- Ticker
- EURS
- Issuer
- STSS (Malta) Limited (Stasis)
- Peg
- EUR
- Backing
- fiat collateralized
- Market cap
- $151M
- Chains
- 7
- Attestation
- quarterly
- Fiat redeem
- Yes
Desglose de puntuación Skrumble
Lee nuestra metodología de puntuación completa.
Auditors / attestors
- · BDO Malta (financial, quarterly + annual)