Digital Asset Entirely Backed by Physical US Dollar
USD Token (USDOT), is a collateralized stablecoin running on the Avalanche C-Chain, Polygon and Ethereum blockchains, and its price is always pegged to the US dollar.
USDOT
USDOT USD Token
The Crypto Equivalent of the US Dollar
USDOT is a cryptocurrency with a physical equivalent. For every USDOT generated, the same value of dollars is added to the company’s treasury. USD Token (USDOT) aims to make the US dollar more accessible to everyone and facilitate dollar transactions.
Trade 24/7
USD Token (USDOT) is a digital asset that can be traded 24/7.
Traceable on Blockchain
All USDOT transactions can be traceable on the blockchain.
1:1 Equivalence with Physical USD
The ratio between USD Token (USDOT) and physical USD stored in safe deposit vaults is 1:1.
No Storage Cost
Unlike physical USD, USDOT investors are not charged custody, transfer, and administration costs.
Convertible to Turkish Lira
Investors holding USDOT can convert their assets into Turkish lira via the cryptocurrency trading platform bitlo.com.
24/7 Support
You can get 24/7 support for your token tradings to make an investment in the correct way.
How does USD Token (USDOT) work?
USD Token (USDOT), which is issued in the equivalent of the US dollar, is generated on the Avalanche C-chain, Polygon and Ethereum blockchains. For every USDOT generated, the same value of dollars is added to the company’s treasury. Investors can store USDOT tokens in compatible cryptocurrency wallets.
A smart contract has been created to maintain the supply-demand balance between USDOT and fiat USD. When a USDOT token is generated, the same value of USD is automatically added to the company’s treasury by this smart contract.
When the amount of dollars in the company’s treasury decreases, USDOT tokens in the equivalent value are burned by the smart contract. Thus, the 1:1 ratio between the USDOT and the fiat USD in the company’s treasury is always maintained. This ensures that the USDOT is not affected by sudden price fluctuations on cryptocurrency exchanges.
What are the advantages of USD Token (USDOT)?
Price Stability
USD Token (USDOT), like all stablecoins, aims to provide price stability to its investors and protect them from sudden price fluctuations in the cryptocurrency market.
Trading without Middlemen
USDOT facilitates its holders’ access to USD. Thanks to blockchain technology, it is possible to execute USD transactions with USDOT from anywhere in the world, every day and every hour. Due to the decentralized structure of the blockchain, there is no need for intermediaries such as banks in executing transactions with USDOT.
Peer-to-Peer Transfers
USDOT can be sent peer-to-peer, directly from one wallet to another. Thus, USDOT transactions are much faster, less costly, and more secure than transactions in physical USD.
Transparent Structure
USD Token (USDOT) is completely transparent. Stablecoin traders usually have to rely on the company’s declaration of collateral. You can always see the supply of USDOT and its physical counterpart on the blockchain.
Frequently Asked Questions
All the answers you seek about USDOT
USDOT is a stablecoin that offers price stability in the cryptocurrency market with sudden price fluctuations. With USDOT, whose price is supported by the physical equivalent, USD transactions can be made 24/7 from anywhere in the world.
USDOT is not a mineable cryptocurrency. USDOT is supplied by Token Technology in such a way as to maintain a 1 to 1 ratio balance with the USD.
You can easily and safely buy USDOT from Bitlo, one of the leading cryptocurrency exchanges in Turkey.
USDOT is a collateralized stablecoin. For every USDOT token in circulation, an equal value of USD is held in the company’s treasury.
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