Bittrex Global lists first Euro Stablecoin
- 2020年03月21日 00:00:00
- テクノロジー
- JCN Newswire
The Universal Dollar (UPUSD) is a USD-pegged stablecoin collateralized 1:1 with the US Dollar, the Universal Euro (UPEUR) is a EURO-pegged stablecoin collateralized 1:1 with the EURO, and the Universal Protocol Token (UPT) is the Alliance utility token that will offer holders valuable benefits from Alliance members. Bittrex Global will be offering a lower fee structure for UPT holders.
The Universal Dollar and Universal Euro: Transparency, Low Fees, and Returns
The Universal Dollar and Euro stablecoins are aimed at users looking for an alternative to existing stablecoin products, and those looking for low volatility and a competitive annual rate of return. In countries with high inflation or limited access to traditional banking, users can now lend their EURO and USD-pegged assets and earn interest. To earn a return, users can stake their UPUSD via the CredEarn application on Uphold. In developed countries, UPUSD and UPEUR provide a transparent and secure way for users to store their digital assets held on a 1:1 basis licensed and insured banks.
"We're thrilled to join an Alliance of like-minded blockchain companies dedicated to incubating blockchain-based technologies and helping projects like the Universal Dollar and Universal Euro go mainstream,"said Tom Albright, CEO of Bittrex Global. "The blockchain industry needs technology that can build trust and transparency, and the platform the Alliance has built should help drive mass utility and adoption."
"Unlike other Stablecoins, the Alliance seeks to flood the value substantiation process with daylight so it doesn't operate as a black box. We provide customers verifiable confidence that they are buying a fully-reserved Universal Dollar or Euro,"said Dan Schatt, Chairman of the Universal Protocol Alliance.
UPUSD and UPEUR will trade freely on Bittrex Global. For those wishing to mint or redeem their stablecoins using USD or EUROs, customers may open an account at Uphold (uphold.com), a member of the Universal Protocol Alliance.
The technology underlying the UP Platform also enables the Universal Dollar to inherit some unique attributes, including:
- Key recovery: Users can recover funds should they lose their Private Keys. The key will be split into multiple shares and the corresponding address embedded into the wallet. When two out of three constituents (wallet owner and one of the third parties) agree to recover the shares, the assets can be 'called'from the lost wallet.
- Inheritability: Users can nominate beneficiaries who may 'call'the assets after prolonged account dormancy. The exact period of dormancy and the address will be configured during wallet set up.
- Detachability: Users can 'delegate'control over their assets to a centralized exchange in order to facilitate a temporary trading session. After a session, the user can immediately take back custody and hold them in the safety of their private wallet.
- Dynamic code generation: The Universal Protocol Platform employs smart contracts to generate tokens in a generic fashion. If you trust one UP token instantiation, you can trust the code integrity of all UP token instantiations since the underlying code is dynamically generated in the same manner.
"This is the first of many tokenized digital assets we intend to introduce that will facilitate the instant and seamless conversion of different forms of value,"said JP Thieriot, Co-founder of the Alliance. "In doing so, the UP Platform will unlock the vast and untapped full potential of blockchain to transform how individuals and businesses store and transfer value, with Universal Tokens representing the next generation of digital money."
The Universal Protocol Alliance: Mass Adoption Through Collaboration
The Universal Protocol (UP) Alliance is a growing coalition of the biggest and most respected organizations in the world of blockchain that have united around a new universal transparent reserve standard that aims to attract the next 100 million users to cryptocurrency. The combined expertise of each member organization has enabled the Universal Protocol Platform to create unique digital currency products designed to appeal to mainstream users on a massive scale.
The Universal Protocol Platform allows for the minting, custody, and storage of digital assets that allow for better digital asset products, and the introduction of a set of safeguards required for the mainstream adoption of cryptocurrency.
About the Universal Protocol Alliance
A coalition of cryptocurrency companies and blockchain pioneers, the Universal Protocol Alliance seeks to accelerate the adoption of blockchain as a mainstream financial technology by making digital assets more accessible, secure and convenient to own.
- Alliance: www.universalprotocol.io
- Cred: https://mycred.io/
- Uphold: https://uphold.com/
- CertiK: https://certik.org/
- Blockchain at Berkeley: https://blockchain.berkeley.edu/
About Bittrex Global
Bittrex Global has one of the most secure trading platforms and digital wallet infrastructures in the world where customers can access exciting new products. Built on Bittrex's cutting-edge technology, Bittrex Global provides a high-level experience for professional and novice customers alike. Bittrex Global is headquartered in the Principality of Liechtenstein near the financial center of Zurich. Learn more at: https://global.bittrex.com/
Media Contact
Tom Albright
tom@bittrex.com
Bittrex International GmbH
Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com
水谷隼氏、伊藤美誠からLINEのブロック解除「無理」と言われた衝撃理由にスタジオあぜん
【DeNA】「宮崎大丈夫」トレンド入り 宮崎敏郎が頭部ゴロ直撃で担架「試合どころじゃない」
「小林ホームラン」がトレンド入り!世界のKOBAYASHI緊急帰国だと話題に
【阪神】井上広大、守備交代と勘違いしベンチの方へ戻る&島本浩也リリーフカーで登場もUターン
元=LOVE齊藤なぎさ、黒髪イメチェン舌ペロ姿にファンガチ告白「なんかもう結婚しよ」
小室哲哉、世界的グループ解散で「空いたなと」述懐もリリー「笑点司会が代わるような…やめて」
【中日】根尾昂が今季初1軍登板 3点ビハインドの8回1死二、三塁でマウンド上がるも押し出し
BST、商品検索サービス「ポップファインド」にランキング機能を追加 ECサイト訪問時の楽しみを提供
「金八先生」生徒役の鶴見辰吾が小山内美江子さん追悼「母であり、心の羅針盤たる人でした」
【くら寿司】内部の人に聞いた!「原価の高いネタ・原価の低いネタ」社員いちおしの食べ方も
何があった!?「エアコン」が想定外の壊れ具合!投稿者に話を聞いた
岡本夏生(56)、1600日ぶりにブログを更新した現在が衝撃
「ふてほど」25歳女優“薔薇ブラ”でポロリ寸前?過激衣装に「見えちゃう」「刺激強すぎ」
大物炎上系ユーチューバー”衝撃の預金残高”公開「すげぇ」「エグい」驚きの声
水原一平容疑者 最高刑「懲役33年」トレンド入り 「人生詰んだ」「稀代の詐欺師」の声
水原一平容疑者、歯科治療で大谷翔平から930万円だまし取ったことも判明
米大物俳優、大谷翔平と2ショット公開しネット驚愕「夢のような写真」
元セクシー女優の漫画家、自身の「無痛分娩」の経験振り返り「数時間後には麻酔きれて…」
ベッキー「私のシーン ほとんどモザイクあり」自身”衝撃出演シーン”紹介
ユーチューバーもこう氏、元彼女・成海瑠奈について赤裸々告白
何があった!?「エアコン」が想定外の壊れ具合!投稿者に話を聞いた
岡本夏生(56)、1600日ぶりにブログを更新した現在が衝撃
深夜のファミリーマート徘徊、必ず入っている「フエラムネのミニチュアおもちゃ付」を探し求めた結果……
完全にダマされた! 『ラヴィット!』あのちゃん“事故レベル”大暴走は『水ダウ』遠隔操作のしわざだった ネットも納得
ユーチューバーもこう氏、元彼女・成海瑠奈について赤裸々告白
ガーシー、またも綾野剛の暴露写真でネット歓喜「この写真見て笑っちゃう」
玉置浩二の妻、青田典子(53)の現在がとんでもない事になっていると話題に
小澤征悦と再婚した桑子真帆アナ(34)黒い過去が流出、衝撃の過去にネット騒然
ガーシー、佐野ひなこの暴露を示唆でネット騒然「ファンだったのに」
ガーシーが綾野剛のLINE公開でネット騒然「ショック」「すごいエンタメ」
水谷隼氏、伊藤美誠からLINEのブロック解除「無理」と言われた衝撃理由にスタジオあぜん
【DeNA】「宮崎大丈夫」トレンド入り 宮崎敏郎が頭部ゴロ直撃で担架「試合どころじゃない」
「小林ホームラン」がトレンド入り!世界のKOBAYASHI緊急帰国だと話題に
【阪神】井上広大、守備交代と勘違いしベンチの方へ戻る&島本浩也リリーフカーで登場もUターン
元=LOVE齊藤なぎさ、黒髪イメチェン舌ペロ姿にファンガチ告白「なんかもう結婚しよ」
小室哲哉、世界的グループ解散で「空いたなと」述懐もリリー「笑点司会が代わるような…やめて」
【中日】根尾昂が今季初1軍登板 3点ビハインドの8回1死二、三塁でマウンド上がるも押し出し
BST、商品検索サービス「ポップファインド」にランキング機能を追加 ECサイト訪問時の楽しみを提供
「金八先生」生徒役の鶴見辰吾が小山内美江子さん追悼「母であり、心の羅針盤たる人でした」
【くら寿司】内部の人に聞いた!「原価の高いネタ・原価の低いネタ」社員いちおしの食べ方も