Bermuda Digital Financial institution Jewel Points ‘Absolutely-Backed’ Stablecoin

by Jeremy

In a press launch, Jewel mentioned JUSD will preserve a reserve ratio with a minimal of 1:1 with the US greenback, guaranteeing the financial institution will all the time have funds in its reserves to help every JUSD in circulation. The financial institution can even conduct common audits of its stablecoin reserves, and can present studies on a month-to-month and quarterly foundation.

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