USDZ Capital Group Announces USDZ Stablecoin Project Launch
March 02 2020 - 05:00AM
JCN Newswire (English)
LONDON, Mar 2, 2020 - (ACN Newswire) - USDZ Capital Group was
engaged in the development and creation of a new stablecoin in
2019. Today, Robert Evans, CEO of company, announces that USDZ
Capital will be conducting a global promotional campaign for the
USDZ stablecoin project.
Stablecoin is a cryptocurrency pegged to less volatile external
assets such as official currencies, precious metals, or oil. The
value of a stablecoin can also be pegged to other crypto-assets or
fixed by algorithms. Stablecoins retain the same value as the
underlying asset and are not subject to sharp price fluctuations.
The general idea behind a stablecoin is to maintain a stable value
over a long period of time. Stablecoins play a crucial role in the
cryptosystem. They allow more people to access the benefits of
blockchain without the risk of sharp price fluctuations. They also
provide a solid basis for traders, investors, sellers, and other
players who want to keep their profits or assets. Basically,
backing a coin with less volatile conventional assets such as the
US dollar or gold makes it more stable, thus providing a safer
alternative for all players in the crypto community.
Most coins are built on the same principle - a centralized
organization keeps assets in the target account and issues the
corresponding tokens at the ratio of 1:1 to the underlying assets.
The advantage of USDZ Capital Group is that it is more transparent
in its activities, disclosure of information about its holding
companies, reporting, and compliance with regulatory requirements.
USDZ Capital Group consists of professionals with extensive
experience in major companies such as Lloyds Banking Group, Wincor
Nixdorf, Deloitte, Danske Bank. The core of the company consists of
five people: CEO Robert Evans, CFO Richard Moore, CCO James Turner,
CTO Sebastian Schneider, CMO Kirsten Larsen.
The USDZ stablecoin
USDZ stablecoins are issued on Ethereum blockchain as ERC-20
tokens, which means compatibility with most software, hardware
wallets, exchanges, and other projects. It is developed to become a
simple, transparent, and reliable stable coin. For this reason, it
does not use a hidden bank account or any special algorithm. Dollar
collateral for each USDZ stablecoin is distributed among different
bank accounts belonging to trust companies that are not affiliated
with each other. USDZ Capital Group undertakes to publish monthly
reports on backed assets and audits. Once the tokens reach your
wallet, they can be used for anything you need.
USDZ tokens combine the best features - stability, trust, low fees,
and fast transfer times. If you want to convert USDZ back to USD,
the reverse procedure is performed. The user sends USDZ tokens back
to the smart-contract address, which notifies the trust company and
initiates sending of the order back to the user's account. This
system uses multiple APIs and makes token management easy and
superior to previous alternatives. The current fee for buying and
exchanging USDZ to USD makes 0.1%.
USDZ stablecoin created for:
Traders and exchanges: USDZ stablecoin is an excellent tool to
protect your money against volatility and enter the markets without
buying BTC/ETH.
Commercial companies: Every day people and companies can take
advantage of the blockchain technology without significant price
fluctuations.
Emerging economies: Emerging markets can use stable currencies to
trade.
Long-term financial contracts such as loans, salaries, or market
forecasts.
Financial institutions that can use a reliable asset to trade with
cryptocurrencies.
Advantages of USDZ
Security: USDZ Capital Group company publishes regular reports
accompanied by reliable legal protection.
Fully collateralized: One USDZ token is always collateralized with
one USD, kept by the company responsible for escrow. New tokens are
issued and burned under officially verified smart-contracts.
Regular certifications: All deposit accounts are subject to regular
certification which is published in public sources.
USDZ stablecoin is an ERC-20 token issued on the Ethereum
blockchain. It can be stored in any wallet that supports the ERC-20
standard. The most popular options include MyEtherWallet, MetaMask,
Mint, or Jaxx. In the nearest future, the team plans to release new
cryptocurrencies, namely EUROZ, GPBZ, and GOLDZ. In addition, USDZ
supporters can count on stable baskets of tokenized goods, such as
precious metals or real estate.
Join and help us grow our community:
Facebook: https://www.facebook.com/usdztoken/
Twitter: https://twitter.com/usdztoken
Youtube: https://youtu.be/EBTYVEGowqM
Telegram: https://t.me/usdztoken
USDZ Capital Group LTD
London, UK
support@usdztoken.io
https://usdztoken.io/
Source: USDZ Capital Group LTD
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