Description
topia USD stablecoin is an anonymous, low cost payment method designed to maintain 1:1 parity with the US Dollar. It is built upon Utopia’s serverless, peer-to-peer blockсhain. UUSD's value is backed by DAI cryptocurrency collateral that is publicly verifiable and equals the total supply of UUSD.
The liquidity of the Utopia USD is supported by several exchanges including Crypton Exchange ensuring fast and cost effective conversion to other currencies. Crypton Exchange is available at https://crp.is/ or CRP from inside the Utopia ecosystem.
The purpose of UUSD is to provide price stability to Utopia users. UUSD represents an attractive option to make payments without being subjected to unnecessary market volatility risk which is essential to daily business/private transactions.
Utopia USD provides a combination of features unique for the cryptocurrency market:
Anonymous transactions
Instant transactions
Fees are 30 times lower than Ethereum
No network congestion through P2P infrastructure
No KYC or transaction limits inside the ecosystem
Price stability of USD
Desktop GUI and console software, built-in API and tools for merchants
