Stable Coins –ERC Token Exchange
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As a digital asset, ERC Token Exchange can move instantaneously anywhere in the world. Built on the Ethereum blockchain, it offers the benefits of crypto-assets such as immutability and centralized accounting. Since it is fully collateralized by dollars, ERC Token Exchange Standard offers a liquid, digital alternative to cash that is available 24/7 for instantaneous transaction settlement and is fully redeemable. As a Trust company, ERC Token Exchange is a fiduciary and qualified custodian of customer funds, and can therefore offer greater protections for customer assets than any other existing stablecoin. Dollar deposits are always held in segregated accounts at multiple FDIC-insured U.S.-domiciled banks.
Verified ERC Token Exchange customers can purchase and redeem tokens directly through erctoken.exchange. When ERC Token Exchange is in circulation, the corresponding dollars are held in reserve. Upon redemption for dollars, ERC Tokens are immediately destroyed. Tokens are only in circulation when the corresponding dollars are in custody.
Investors who trade digital assets through the ERC Token Exchange have the option to withdraw digital assets to ERC Token Exchange instantaneously. ERC Token Exchange is available to be listed on other venues and will trade under the ticker symbol (ETH)
ERC Token Exchange has been designed as an Ethereum token written according to the ERC-20 protocol, so that anyone with an Ethereum wallet will be able to send and receive ERC Token Exchange. The smart contract has been audited by smart contract auditor Nomic Labs and account balances will be audited by top U.S. auditors.
ERC Token Exchange has long been a partner to institutional investors, focused on financial compliance since its genesis as the first NYDFS-approved Trust company to offer trading and custody services for digital assets through its exchange, ERC Token Exchange, one of the leading crypto asset exchanges.
"In the current marketplace, the biggest hindrances to digital asset adoption are trust and volatility. As a regulated Trust with a 1:1 dollar-collateralized stablecoin, we believe we are offering an asset that improves on the utility of money," added Cascarilla.
ERC Token Exchange today has also published a white paper explaining product construction and design decisions for ERC Token Exchange. To download the paper and read more about ERC Token Exchange, please visit https://erctoken.exchange/#/.