Dear WBFex users,
WBFex will open WT/DUSD trading pair detailed as follows:
Trading time: 18:00 2019/9/4 (UTC+8)
Introduction to DUSD:
New York digital dollar DUSD is pegged to dollar at the rate of 1:1, which is committed to maintaining the currency attribute and ensuring the stability of the redemption value of stable coins. DUSD is a stable currency based on erc-20 agreement. It regularly reviews its reserve proof in order to prove that the token issued by it is fully supported by dollar. US dollars can be converted into DUSD tokens via the Singapore WBF exchange and transferred to investors’ Ethereum wallet. Reverse trading is also possible: if users deposit their DUSD tokens to Ethereum wallet for exchange, they can convert dollars in the exchange. The dollars equivalent of token will be deposited at Banks worldwide as well as in the United States (meet FDIC deposit requirement, but subject to applicable restrictions). In addition, dollar balances will be audited by independent CPA firms to ensure a 1:1 pegging.
Total supply: 50 billion
Total circulation: 200 million
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. WBFex as a trading technology service provider does not undertake guarantee, compensation and other responsibilities for user’s investment.
Thanks for your support of WBFex. If you have any questions, please contact our customer service.
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September 4, 2019