StabIR has integrated the Chainlink Proof of Reserve on Ethereum to introduce world-class transparency for EURR, its euro-backed stablecoins.
Any user can now check whether the amount of fiat held in reserves matches the total supply of EURR, boosting confidence and enabling seamless regulatory compliance.
StabIR has announced a new partnership with Chainlink in which it will integrate Chainlink’s Proof of Reserve for enhanced transparency with EURR, the company’s euro-backed stablecoin.
Stablecoins have become the lifeblood of the crypto sector. They now boast a market cap above $125 billion, account for 10% of daily trading volume, and have close to seven million owners. However, stablecoins are marred with scandals, irregularities, fraud, and shady practices. Tether has been fined over $50 million for its crimes, while USDC depegged by 14% earlier this year after the collapse of Silicon Valley Bank.
StabIR wants to put transparency at the heart of its operations. With the Chainl

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