Stasis is Coming to FunctionX
Stasis is coming to FunctionX. EURS will be integrated into the EVM Chain (f(x)EVM) and once it’s deployed, developers and users can utilize the EURS token in dApps on f(x)EVM. It will be included in the upcoming p(x)Change and people can access EURS at retail merchants.
Bringing Euro Stablecoin to Function X
Function X is an accumulation of its use cases. Adding more types of stablecoins will help onboard more users to the blockchain space, especially ones that have not yet been introduced to blockchain technology.
There are many good reasons behind adding the EURS. EURS is a digital euro, or stablecoin, designed by the platform to mirror the price of the euro. The euro is notably the second-largest reserve currency after the US Dollar and it is also the second most traded currency in the world.
Furthermore, the EURS stablecoin aims to offer the benefits of reputation combined with the relative stability of the euro and blockchain technology. STASIS ensures that the tokenized assets on the platform are always backed 1:1 by collateral held in reserve accounts.
EURS on f(x)EVM
Following this integration, Function X developers will be able to integrate EURS into their own dApps on f(x)EVM and offer users the same stability, reliability, and liquidity inherent to the euro. Users can bridge over EURS from the Ethereum blockchain to f(x)EVM via f(x)Core Gravity Bridge.
In addition, EURS will be listed on f(x)Swap and users will be able to add liquidity to the pairs that utilize the token. This listing will also enable users to seamlessly convert cryptocurrencies like FX, PUNDIX, and USDT to a euro stablecoin. The f(x)Swap is the first AMM DEX on f(x)EVM and it allows users to trade and provide liquidity to cryptocurrencies in a decentralized way.
ABOUT Stasis
STASIS is a crypto-enabler platform that aggregates solutions from licensed financial intermediaries. It also provides an institutional-grade link between the decentralized finance world and the off-chain market. It serves as a bridge from Web2.0 to Web3.0 financial services. Pioneers in the commercialization of stablecoin use cases such as acquiring, DeFi lending, remittance, and white-label corporate settlement.
About Function X Foundation
Function X Foundation is a non-profit, independent organization that supports the growth of the Function X Ecosystem. A next-generation internet service framework built entirely on and for the blockchain. It is a completely new ecosystem providing a novel service framework. By improving the existing internet and blockchain architectures, combining the benefits of both, and using the most commonly used technical solutions.
