STASIS EURO (EURS)

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Historical price evolution of STASIS EURO

Daily historical data. Updated automatically.

STASIS EURO (EURS) has its origins in the trajectory of its co-founders Gregory Klumov and Anatoliy Knyazev. Klumov, a serial entrepreneur who at 15 founded a high-speed Internet provider and accumulated 15 years of experience in alternative asset management, partnered with Knyazev, a computer scientist with deep experience in financial systems and developer of the trading software that served as the foundation for Maltese broker Exante. Between 2011 and 2012, both co-founded the Bitcoin Fund in 2012, described as the first legal investment vehicle that securitised digital assets and as the fund with the best year-on-year performance according to Bloomberg. During this period they began collaborating with the Government of Malta on regulatory frameworks for cryptocurrencies.

In June 2018, the company STSS (Malta) Limited, known as STASIS and based in Malta, officially launched STASIS EURO (EURS), the first euro-pegged stablecoin in history, as an ERC-20 token on the Ethereum blockchain. The first exchange to list EURS was DSX of London. In December 2018, EURS reached a market capitalisation of 33 million USD, positioning itself in the top 50 by capitalisation. In 2020, STASIS launched a new wallet that offered traditional financial institutions access to cryptocurrencies.

The year 2021 marked a significant expansion for EURS, which experienced a considerable increase in market capitalisation amid interest from institutional investors. During this period, EURS became available on multiple second-layer and alternative blockchains: Arbitrum, Polygon, Gnosis Chain, Algorand, XRPL and XDC Network. In February 2022, STASIS announced the issuance of EURS on the XRP Ledger (XRPL) for its scalability, speed, low cost and carbon neutrality. In April 2022, a partnership was established with Mt Pelerin, a Swiss crypto company, to launch direct on/off-ramp between EURS and fiat, available on Ethereum and Polygon via the Bridge Wallet app. In May of the same year, STASIS partnered with European company Metamouse to expand the real-world use cases of EURS.

On 30th October 2023, STASIS partnered with Propine, a digital asset custodian licensed by the Monetary Authority of Singapore (MAS), for the custody of EURS in Asia. On 30th June 2024, the EU's MiCA Regulation came into force for e-money tokens (EMTs) and asset-referenced tokens (ARTs). STASIS EURO, classified as an EMT, became subject to MiCA requirements: full reserves, regular reporting, whitepaper and authorisation. STASIS obtained qualification as a MiCA-regulated company. Prior to MiCA's implementation, the euro-stablecoin market experienced a 48% contraction in capitalisation in the 12 months leading up to June 2024.

In October 2025, EURS's market capitalisation reached 283.9 million USD, representing 644% growth from its pre-MiCA low point. The total euro-stablecoin market reached 680 million USD according to CoinGecko. Monthly transaction volume for euro-stablecoins grew from 383 million USD to 3,800 million USD in the 12 months following MiCA, primarily driven by EURC and EURCV, with EURS also amongst the main beneficiaries. However, on 10th March 2026, EURS recorded a severe depeg of 24.8%, falling from approximately 1.26 USD to a low of 0.937 USD. Market capitalisation fell to 116.3 million USD from approximately 283.9 million USD at the October 2025 peak. The 24-hour trading volume during the event was just 3,562 USD, an abnormally low figure that suggests liquidity or exchange issues rather than a reserve failure. As of May 2026, STASIS has not published an official explanation of the event.

STASIS EURO (EURS) functions as an ERC-20 stablecoin that maintains a 1:1 parity with the euro through a full backing system in fiat currency. For each EURS token in circulation, STSS (Malta) Limited holds one real euro in reserves, which are managed by a AAA-rated European financial institution. This entity employs a "buckets" strategy differentiated by time duration, distributing reserve assets according to historical patterns of token issuance and redemption. The company operates under MiCA regulation since June 2024 and guarantees transparency through a triple verification system: daily asset reports from its financial counterparties, quarterly audits carried out by BDO Malta, and complete annual audits, in addition to specific verifications for newly incorporated entities.

The token presents multi-blockchain compatibility, operating on Ethereum, Arbitrum, Polygon, Gnosis Chain, Algorand, XRP Ledger and XDC Network, which facilitates its integration in DeFi protocols, cross-border payment systems through SEPA and SWIFT, and institutional custody services. STASIS has developed a mechanism called "Crypto-ISDA" that allows users to obtain EURS by depositing various traditional financial assets such as shares, bonds or cryptocurrencies, operating under an agreement governed by English law. The incorporation of institutional users requires a KYC/AML verification process with notarised and apostilled documentation. EURS holders do not receive yields on their holdings, as the profits generated by the reserves are retained directly by STASIS as a business model.

Data verified against external sources. Some values may have changed since the last update.