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
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 December 17, 2019 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 November 5, 2019 Reply
Recently, many new alternatives linked to stable assets of cryptocurrency tokens have appeared.
Jack January 16, 2019 Reply
EURS token is a virtual financial asset that is designed to digitally mirror the EURO on the condition that its value is tied to the value of its collateral. This allows it to curb the extreme volatility inherent to many cryptocurrencies. Its compatibility with the traditional financial system allo...
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