Full audits promised by Euro-backed stablecoin issuer, Stasis-7.77

Stasis, the Maltese stablecoin startup, will have its financials and euro reserves independently audited, the company has announced, hoping to prove that its supply of EURS token is backed by an equal deposit of euros.

The move is the latest in a stablecoin shake-up in the last month. Fellow stablecoin issuers Circle, Gemini, and Paxos all published attestations that their USD-pegged tokens have sufficient fiat collaterals in their bank deposits. However, Stasis will go a step further if it fulfils its commitment to conduct full audits, as other issues – including Gemini – have said they are unattainable given crypto’s novelty.

Original source
https://www.theblockcrypto.com/tiny/full-audits-promised-by-euro-backed-stablecoin-issuer-stasis/

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