Statis is not your typical boring stablecoin that never does anything naughty in terms of price volatility. This summer, it had two price spikes: one can be called average, when the price of the supposed stable currency went from $1.12 to $1.25 for a brief moment, but the other has turned out to be a massive one. Only a few days later after the first small pump, EURS had shot to $1,64 and possibly even higher, and then crashed as quickly as it went up. Was it a price manipulation?

Bernie   May 31, 2020   Reply

In short, Statis Euro is yet another stablecoin that is supposed to be backed by the corresponding fiat currency. I am not sure whether the company has provided the actual proof of liquidity to back EURS, but let's not dwell on that. In my opinion, EURS, and the similar low-ranked stablecoins, will not survive the competition with USDT, USDC, and other well-established cryptocurrencies. Not to mention that we have Libra on the horizon, which might render all other stablecoins obsolete.

Yngwie   April 9, 2020   Reply

Please tell me how a stablecoin that is supposed to be backed by fiat currency shows -6,95% all-time ROI and price spikes to almost $1,25 per token? That is, of course, not overly volatile price swing, but still not what we could expect from a stablecoin. Anyway, STATIS is not worthy of much attention because it has a real presence on only one crypto exchange - Tokens.net.

V00d00   February 25, 2020   Reply

Recently, many new alternatives linked to stable assets of cryptocurrency tokens have appeared.

Jack   January 16, 2019   Reply