Stasis, a Malta-based issuer of stablecoins, has hired accounting firm BDO Malta to conduct quarterly and annual audits of its financials, including the euro reserves backing the startup’s EURS token.

The engagement aims to dispel any doubts that EURS stablecoins are backed one-to-one by euros. Many cryptocurrency investors and traders will be wary of any such claim by a stablecoin issuer, due to nagging questions around the dominant issuer, Tether.

Tether’s USDT tokens lost their parity with the U.S. dollar in a dramatic fashion in October, due to widespread doubts that the company held one U.S. dollar in bank deposits for every token in circulation.

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