The stablecoin solution runs on NEXUS. NEXUS is our platform for automated token, crypto and fiat transaction processing. It connects traditional financial infrastructure to public and private blockchains and has been in production since 2015.
The total number of stablecoins in circulation can be backed by assets held in reserve.
To verify that the fiat collateral reserve corresponds to the issued stablecoins to ensure the pegged value. The solution offers fully auditable bookkeeping between fiat and token transactions.
The platform comes with an intuitive interface, which does not require any previous knowledge or technical skills regarding things as digital wallets, crypto trading or crypto handling.
The configuration can be limited to issuance of private stablecoins for a limited network. Under PSD II this type of stablecoin can be issued without an e-money license.