Digital USD ("DUSD") registered in New York City, NY, DUSD is a dollar pegged stablecoin and plans to serve a worlwide client base. DUSD will be regulated stablecoin with the oversight of U.S. regulators. With superior management style and an advanced product research & development team, DUSD will solve challenges and problems the last generation of stablecoins had encountered.
With a bank-level KYC verifiction, DUSD is
committed to maintain its price stability and transparency. DUSD aims to become a fundamental part of the future of cryptocurrency market, and transfom real-world assets on blockchain.
With PoA (Proof of Authority) consensus, DUSD plans to design a stablecoin that is dynamic and user-friendly, which is free from any external financial system's influence.
Supported by artificial intelligence, DUSD will be an Ethereum-based stablecoin that is stabilized and scalable. In addition, DUSD will also apply the ObeliskToken algorithm to ensure its security and scalability.
The Characteristics of DUSD:
Open to Audit: (we will be partnering with one of the Big Four firms in the United States)
Transparent: (our reserves will back every DUSD token issued)
Scalable: (pegging to the USD and tieing up with the major exchanges in Asia, Europe and America for transactions helps us scale)
Accessible: (DUSD wants anyone with US dollars to have the ability to generate a DUSD stablecoin and access the cryptocurrency market)
US dollars can be converted into DUSD tokens via the WBF exchange, and then transferred to an investors Ethereum wallet. The inverse transaction holds true as well: if users deposit their DUSD tokens into their wallet for redemption, they can be converted back to USD.
The U.S. dollars that correspond to the issued DUSD token will be held in multiple banks located in the United States (eligible for FDIC deposit insurance, subject to applicable limitations). In addition, the U.S. dollar deposit balance will be audited monthly by an independent registered public accounting firm to verify the 1:1 peg.
By pegging itself to the USD at ratio of 1:1, DUSD essentially is an asset backed stable token (tokenized asset) and is based on the IOU model. The DUSD token is basedon the Ethereum platform.
The first target is Asia. Followed by expansion into Europe and the Americas. Asian investors hold the most promised for technical adoption. They are also early adopters of cryptocurrencies. Cryptocurrencies have always had a cult following from Asia, especially in China, Japan, and South Korea.
What makes Asia the target of crypto market?-Bitcoin-Medium. Retrieved from https://medium.com/@Bitcoinus/what-makes-asia-the-target-of-crypto-market-1199770a2b351 Any fintech company can sandbox a pilot project in Asia and then course correct. Later on with additional funding and regulatory approvals we envision opening the tokens to US residents.