New York digital dollar DUSD is pegged to dollar at the rate of 1:1, which is committed to maintaining the currency attribute and ensuring the stability of the redemption value of stable coins. DUSD is a stable currency based on erc-20 agreement. It regularly reviews its reserve proof in order to prove that the token issued by it is fully supported by dollar. US dollars can be converted into DUSD tokens via the Singapore WBF exchange and transferred to investors’ Ethereum wallet. Reverse trading is also possible: if users deposit their DUSD tokens to Ethereum wallet for exchange, they can convert dollars in the exchange. The dollars equivalent of token will be deposited at Banks worldwide as well as in the United States (meet FDIC deposit requirement, but subject to applicable restrictions). In addition, dollar balances will be audited by independent CPA firms to ensure a 1:1 pegging.

DigitalUSD

DUSD is a stable currency based on erc-20 agreement. US dollars can be converted into DUSD tokens via the Singapore.

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Bake, the crypto establishment responsible for DeFiChain (DFI) and DUSD, co-initiated by Julian Hosp, appears to be in turbulent times.

CryptoTicker

Bake Crypto in Danger? Chaos Happening with Bake DeFi…

In a startling revelation during Coinbase’s Q2 earnings call, CEO Brian Armstrong revealed that Binance, the world’s leading cryptocurrency exchange, has liquidated its entire holdings of the stablecoin USDC. This unexpected disclosure comes as a surprise, prompting a flurry of speculation and analysis about Binance’s motivations and the potential implications for the stablecoin market. “USDC […]

DigitalUSD DUSD

Latest DigitalUSD News and Social Media Feed

Bake Crypto in Danger? Chaos Happening with Bake DeFi…

Bake Crypto in Danger? Chaos Happening with Bake DeFi…

Bake Crypto in Danger? Chaos Happening with Bake DeFi…

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