As UBTC continues to ride the waves of the crypto market, we are launching a new stable coin that will be pegged to the US dollar at a 1:1 ratio for those in the community who are calling for something more reliable and transparent. The first stable coin will be known as “UUSD.”
The stable coin will be audited by a global third-party firm to ensure complete transparency regardless of everything being viewable on the blockchain.
Of utmost importance, the stable coin shall be 300% collateralised at all times by UBTC. i.e. for every 1USD issued, there will be 3USD collateral in UBTC. Over time the collateral may change but the ratio of the collateral is not intended to be below 300%.
Block Speed:10 seconds
Consensus mechanism: DPOS (delegated proof-of-stake)