The token project is implemented with the support of the Ministry of Finance of the country, which will provide $ 500 million as a reserve of asset, and in the future the security volume will be increased to $ 2 billion. The reserves will undergo an independent audit.
Initially, Stablecoin is planned to be used for cross-border translations and international trade in Central Asia, with the subsequent expansion of Southeast Asia and the Middle East to countries.
Earlier, the Kyrgyz company Old Vector has released the A7A5 stabelcoin tied to the ruble for the Russian platform of cross -border calculations of Promsvyazbank and A7.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
