Progress is taking place in the right direction for the EURS stablecoin following an announcement that was made lately that an institutional investor had spiked a $10 million stake in the coin just a few days after it’s launching in Malta.
The coin accomplished yet another landmark when it was freshly made public that the world’s first crypto EUR to crypto USD pair was trading live on the crypto exchange HitBtc.
In an interview with CCN Stasis CEO Gregory Klumov made clear that this was definitely a major milestone for the stablecoin which had gone public after its launch hardly a few days ago.
“We sold $2 million worth of EURS today and this HitBtc development continues to check further boxes in our attempt to become the stablecoin for investors and money market operators”. Klumov said.
HitBtc has laid claim to being one if not the most sophisticated and updated crypto exchanges around the world even though it been on the forefront for some serious criticism in the previous years. A major critic has been the maverick John McCaffee who said in a tweet that: “The crypto exchanges have become the thing that we have originally fought against. Their power is immense. Hitbtc, for example, has increased suffering for millions of poor people who cannot afford the minimum buy-in since it is greater than their monthly income,”
That tweet led to quite an argument which evolved into a full-fledged debate between the exchange and McCafee although there was “word on the street” that this was all a strategy for good publicity for McCaffee’s ICO promotions that were recently a target of regulators in the US.
CCN had also been the first to reveal that the EURS coin had secured institutional investor funding last week to the tune of $10 million.