In today’s world, it’s not uncommon for businesses to have customers and vendors in many parts of the globe. Yet the traditional financial infrastructure that businesses use for payments is outdated and entirely inadequate.
Digital currencies such as stablecoins are gaining momentum as a more efficient way to transact, laying the foundation for a next-generation financial system. With virtually-instant transactions and nominal fees, stablecoins are slated to become a $1 trillion dollar market.
Introducing a EURO-backed stablecoin
Right now, most stablecoins are pegged to the US dollar. This complicates digital currency transactions for European businesses. They must settle in dollars when selling digital currencies, which is expensive and carries significant FX risks.
Non-U.S. citizens must also yield to U.S. regulations when holding dollars, even if it is only transitory. Euro-backed stablecoins represent the reporting currency of crypto holders in Europe, mitigating all the risks and inefficiencies related to U.S. dollars.
The STASIS team is one of the first to recognize the importance of stablecoins pegged to assets other than USD, issuing the EURS stablecoin, which is backed by EURO reserves. With a focus on transparency, EURS receives regular attestations by one of the world’s largest accounting firms.
The EURS stablecoin is built around a cutting-edge API that replaces all the inefficiencies associated with the traditional intermediaries. Now, with Gilded, businesses can integrate the crypto euro into their existing payments and accounting process. A branded euro-backed stablecoin can drastically enhance business performance and boost market leadership in various fields.
Gilded's crypto invoicing solution enables corporate finance teams to send an invoice priced in EURO (or another currency) and receive payment in EURS. Gilded integrates with traditional accounting software like QuickBooks to enable full accounting and transparency for stablecoin payments.
"We're perfectly aligned with EURS mission of bridging the gap between decentralized finance and off-chain market," said Gil Hildebrand, CEO of Gilded. STASIS’ company track record, transparency, and the potential of its EURS API solution is the right combination for success in the digital asset market”.
Gregory Klumov, CEO of STASIS, added, “Stablecoins have become a major, decisive driver of crypto industry growth. By partnering with Gilded, we’re making another vital step to broaden the stablecoins acceptance and usability via the everyday payment method. We’re opening a box of stablecoin use cases, and are glad to use every opportunity for crypto euro promotion.”
Gilded is free up to $5,000 a month in payment volume, and the premium version pays for itself with just two international payments per month. There are no processing fees on transactions, and payments are sent peer to peer.
How to Get Paid in EURS
STASIS is a crypto-enabler platform that aggregates solutions from licensed financial intermediates to provide an institutional-grade link between decentralized finance world and the off-chain market. STASIS team pioneers commercialization of stablecoin use cases: acquiring, DeFi lending, remittance, and white-label corporate settlement.
Since its emergence in 2017, STASIS has functioned as the most transparent and institutional-friendly part of the European blockchain ecosystem through the strategic intersection of licensed financial intermediaries and distributed ledger technology. It’s a real trend-setter of the European cryptocurrency framework, as the project’s team provided priceless help in crafting the Maltese legal framework a few years ago.
The euro-backed stablecoin created by the STASIS to raise the bar for asset-backed digital tokens managed to capture the biggest market share among peers. Currently, EURS is the largest stablecoin backed by the world’s second most-traded currency, accumulating over 50.000 users in multiple social media and local communities.
STASIS has rightfully gained the trust of traditional and conservative regulated institutions that highly regard it’s solutions. The company wants to enable them to experiment at the crypto field for its operations without any regulatory or safety concerns STASIS wallet, fully integrated into the Single Euro Payments Area (SEPA), offers regulated financial institutions in both B2B and B2C markets, acting as a new gateway into cryptocurrencies.
Gilded empowers businesses to transact globally, using blockchain to unlock more efficient business operations. Our seamless invoicing, payment, and accounting software helps businesses get paid faster and more transparently, with dramatically lower fees.
Founded in 2018, Gilded is backed by Techstars, Request Network, and was selected to participate in an accounting-focused startup accelerator presented by the Association of International Certified Public Accountants (AICPA) and CPA.com.