Stasis Euro (EURS), the top Euro stablecoin by market cap at $136M, is now live on Stellar Network. Despite leading in market cap, EURS ranks third in daily trading volume, with Stasis positioning it for DeFi use cases on Stellar.
Stasis has deployed its EURS stablecoin on the Stellar Network, announced by the Stellar Development Fund on Nov. 29. EURS is the largest Euro-pegged stablecoin with $136M market cap, backed by liquid Euro reserves held at the Lithuanian Central Bank. However, EURS trades just $1.46M daily, ranking third behind EURt ($2.9M) and EURC ($1.48M), despite facilitating over 6B euros in transactions since 2018. The integration gives Stellar developers a new stable asset for DeFi protocols, with $20M currently locked in Stellar-based DeFi. Stasis is also expanding to other Layer 1 networks, partnering with Algorand's Folks Finance to boost EURS adoption.