Stasis, euro-backed stablecoin EURS announced an important development for Integration with Ripple and XRP Ledger has been completed to expand the payment layers it uses to facilitate cross-border payments with EURS.
Stasis stands out as a Malta-based startup. XRPL is an open-source blockchain developed by blockchain payment company Ripple.
The firm’s CEO, Gregory Klumov, explained the contribution of this development to adoption.
“We have added another brick to the foundation of EURS. This will solidify our presence for the next cycle of stable cryptocurrency market adoption.”
According to Klumov, the partnership with XRP is an important step in the Web3 and financial services industry.
EURS Takes Ripple Partnership To The Next Step
To date, more than $5 billion in EURS has already been paid on the chain stablecoinwas issued as an ERC-20 token. According to the company’s website, a large chunk is devoted to the Ethereum mainnet and Layer 2 solutions. The amount distributed through Algorand and XRP Ledger will be less.
The latest partnership marks the firm’s “will to go into the next phase” to begin integrating strategies for cross-border payments. Ripplewill continue to provide technical support to Stasis.
Ripple is expanding its dominance in the cross-border payments region. As a result, last month, the payment company began operating in France and Sweden.
Bringing ODL services to France, Ripple has partnered with Lemonway, a Paris-based payments provider. On the other hand, the network made its way to Sweden with Xbaht, a Swedish money transfer provider.
Koinfinans.com As we previously reported XRP Ledger It has recently started to offer NFT support as well. As a result, the developments will help grow the Ripple ecosystem.
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