(MENAFN - GetNews) About USDD
The world's first dollar-backed and interest-bearing stable coin, with interest payments every 24 hours, will be officially released on October 31st by 55 Global Markets. The USDD value is 100% supported by a US dollar reserve, funds are held in trust for the benefit of tokenholders by PrimeTrust ( www.primetrust.com ) as trustee, a third-party trust company that has relationships with major US banks. Cohen & Company ( www.cohencpa.com ), a third-party independent accounting firm will conduct monthly examinations of management's Trust Holdings Report in accordance with Statements on Standards for Attestation Engagements established by the American Institute of Certified Public Accountants. USDD supports highly efficient purchases and redemptions based on the 55 OTC market and Mercurity infrastructure.
As of the third quarter of 2018, the size of the cryptocurrency market was $150 billion U.S Dollars. At the same time, the foreign exchange market was about $96 trillion. In cooperation with its partner Mercurity, 55 Global Markets forex trading section includes not only the cryptocurrency/stabilized currency market ($150 billion U.S Dollars), but also the global forex market ($96 trillion U.S Dollars). Therefore, according to 55 Global Markets, the 55 Forex market is a driving force for the circulation of assets on a global scale.
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Company Name: 55 Global Markets
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Country: United States