Description
Round Dollar (RD) is a revolutionary synthetic stablecoin pegged to the value of a basket of mainstream Asian currencies. One RD is equivalent to 47 CNH + 550 JPY + 25 HKD. With fiat currencies deposited for subscription of RD placed into custody of third-party trusts for safekeeping, which are subject to monthly audits and public disclosures, RD is regarded as a safe and well accepted stablecoin for transactional uses and storage of values. Compared with stablecoins pegged to a single currency (e.g. USD), RD has the advantage of reduced foreign exchange rate risk, particularly for Asian users Primary usages: 1. A medium through which value can be exchanged within the crypto world as well as between the fiat and crypto worlds is essential ? RD can bridge that gap 2. RD as a medium for trade settlement increases the efficiency of cross-border trade by avoiding redundant intermediaries. It also reduces foreign exchange rate risk for both importers and exporters 3. RD?s value is pegged with a basket of major Asian currencies, making it an effective denomination for Defi
