Digital Cash is issued as ERC20 tokens on Ethereum, and BEP20 tokens on Binance Chain.
Using reForge, users can transfer Digital Cash between blockchains.
DIGITAL CASH IS
BACKED BY TRUST
Same Currency Banking
Digital Cash, such as eEUR, eUSD & eGBP are backed by highly liquid, government assets in their native currencies, such as European bonds, T-bills & UK Gilts. This means that Digital Cash are bearer instruments, where you as the token holder are the owner of the underlying assets.
In some cases, we will use cross-currency backing. An eNOK (Norwegian krona) could, for example, be backed by EU bonds. ARYZE treasury will in this situation offset currency risk in FX markets. These purchases will be done through a go-between being a government guaranteed entity to remove credit risk from the FX .
What Is It Worth?
Digital Cash is overcollateralized by 2.5 percent to avoid mark to market risk and settlement risk. This overcollateralization ensures that there is always some fiat available on bank balances, which reduces the risk of losses due to market fluctuations or settlement issues.