Leading Stablecoin Issuer STASIS announced its intentions to launch the Digital Euro later this year on Ripple’s XRPL. Ripple will provide tech support. Stasis continues to expand support for the payment method across diverse chains.
“Since STASIS is destined to lead innovation in the stablecoin technology and digital asset space, we are delighted to partner with Ripple, the trailblazer of this realm. The partnership will focus on exploring options to provide our clients with greater financial access to stablecoin infrastructure and services via the XRP Ledger.”Gregory Klumov, STASIS CEO
The Malta-based cryptocurrency wallet provider and stablecoin issuer also hinted at the announcement that Ripple will provide the necessary technical support when it eventually chooses to go live on the network.
Notably, STASIS’ decision to launch its digital Euro on Ripple is due to the enormous benefits associated with the network, which include speed, low cost, scalability, and eco-friendliness.