Features of StableCoin
Stable Currency
Our Blockchain based platform converts fiat into digital currency to chain in the value of other stable assets such as gold or US dollar.
100% Backed
Every StableCoin is backed by a stable asset or stable fiat currency that are held in our reserves.
Transparent
Since, our reserve holdings are subject to recurrent audits, all Stablecoins that are in circulation are equivalent to those in our reserves.
Blockchain Technology
Since, our platform is powered by ERC 20 compliant Ethereum based Blockchain, security and transparencycome along readily
Widespread Integration
Stablecoins like Tether are digital-to-fiat currency that enjoy widespread integration. In fact, they can easily be bought, sold and used at several exchanges such as GoCoin, Bitfinex etc.
Secure
Since, Stablecoins are developed over Blockchain-based platform, security is ensured.
Why Choose Prolitus for StableCoin Development?
15+ years of Experience
50+ Team of Blockchain expert
50+ Projects Delivered
Utilization of StableCoin
FIXED VALUE TRANSACTION
Since, Stablecoins are backed by another stable asset or stable currency like Gold or Dollar, they promise of price stability, which indeed is important for mass adoption, as well as regular utility.
TOKENIZATION
Stablecoins are pegged to real-world assets such as dollar, Euro or gold, which makes them a safe mode of transaction.
RESERVE VALUE
Reserve backed Stablecoins are backed by one-to-onereserves of the stable assets or currencies they are pegged to. Furthermore, these reserves are subject to audits, which them more credible.
How it Works?
1. User Submit Wire to trust company with crypto wallet information
3. Corresponding StableCoin are sent to User’s crypto Wallet
2. The trust company sends signal to StableCoin smart
contract verifying the purchase
Purchase Process
We co-ordinate with several trust companies that are entrusted to manage billions of dollars. We conduct, and pass KYC check followed by sending USD to a trust company with an Escrow agreement. When the funds are verified, the smart contracts are instructed by API to issue equivalent value USD to your public address.
Redeem Process
For redeeming a USD, a KYC/AML check needs to be conducted. Followed by this, users need to send USD tokens to the smart contract from a registered address, which will prompt the escrow bank to disburse the funds. This ensures that the funds aren’t being touched by the USD system and all the purchase and money receipt are being done by trust companies through Escrow accounts.
3. User Submit Wire to trust company with crypto wallet information
1. Corresponding StableCoin are sent to User’s crypto Wallet
2. The trust company sends signal to StableCoin smart
contract verifying the purchase