About ASEAN USD
Why ASEAN USD?
Presenting the ASEAN USD (USDA), a novel digital stablecoin created through a strong partnership between Laos NewPay Technology Joint Venture Co., Ltd. (NewPay for short) and Lao National Digital Technology Group (LADT) and designed to serve the thriving ASEAN region.
This innovative crypto stablecoin is fully backed by secure fiat assets. It seamlessly moves on the blockchain akin to other digital currencies and can be minted directly with ASEAN countries' fiat, maintaining a 1:1 value peg to the US Dollar.
The Benefits of ASEAN USD
For Enterprises
ASEAN USD provides stability by being pegged to the US Dollar, effectively addressing issues related to volatile fiat currencies in the ASEAN region. Users have the opportunity to grow their earnings by staking ASEAN USD on NEWAY, lending their surplus funds, and earning returns, all the while ensuring financial stability.
The perfect solution for cross-border settlements
The ASEAN region has diverse fiat currencies with significant exchange rate fluctuations. Pegged to the US Dollar, ASEAN USD ensures a reliable and consistent value, and effectively addresses common settlement issues such as high cross-border transfer costs, and extended settlement periods.
Unlock attractive returns through staking
Maximize your earnings by staking ASEAN USD on Mek Finance. Allocate idle funds to earn returns by lending ASEAN USD without compromising stability.
The Benefits of ASEAN USD
For Individuals
ASEAN USD offers a stable 1:1 peg to the US Dollar, safeguarding users against the Lao Kip's volatility. It streamlines cryptocurrency exchange and trading, incorporating Web3 features and adapting to users' changing requirements. In addition, the expanding adoption of ASEAN USD payments among ASEAN nations is replacing traditional cash transactions, delivering enhanced convenience and facilitating secure mobile payments.
Inflation resistant
As the exchange rate of the Lao Kip (LAK) often experiences significant fluctuations, users of ASEAN USD can rest assured, thanks to its firm 1:1 value peg to the US Dollar. This peg empowers individuals to protect the value of their assets effectively.
Convenient crypto transactions
ASEAN USD streamlines direct cryptocurrency exchange and trading, effectively incorporating Web3 capabilities, and ensures that the stablecoin remains adaptable and responsive to the evolving needs of its users.
Smooth cross-border travel payments
With a growing number of ASEAN nations embracing the ASEAN USD QR code payment system, traditional cash exchanges are steadily declining. This transition offers significant time savings and convenience, empowering users with secure and easy mobile payment options.
The Key Features of ASEAN USD
ASEAN USD offers fast redemption, 24/7 availability for various assets, and utilizes Ethereum smart contracts to ensure secure transactions. It operates as a stable, programmable digital currency on the Ethereum network, serving as a digital asset proxy. By staking ASEAN USD on NEWAY, you can earn a secure and risk-free income.
Unparalleled Efficiency
USDA is issued and redeemed directly by LADT, ensuring operational efficiency with shorter redemption periods (typically completed within 7 business days) and reduced fees.
Stable Programmable Currency
USDA is built on the Ethereum blockchain and functions as a programmable token within the global token ecosystem, playing a pivotal role in developing a stable programmable currency platform.
Available In Different Asset
Unlike fiat currency, USDA is available 24/7, facilitating settlements with various assets, including cryptocurrencies, securities, and asset tokens, as well as payments.
Global Reach
USDA is eligible for listing on global exchanges, and as it is backed by the US dollar, it can be used as a reference for assessing the value of other digital assets.
Ethereum Smart Contract Protection
USDA can be sent to and received from any Ethereum wallet, adhering to the ERC-20 protocol. The use of smart contracts guarantees accurate and error-free transactions.
Risk-Free Income
USDA functions as an interest-bearing stablecoin. Staking USDA within the NEWAY decentralized protocol empowers holders to secure risk-free earnings from the fluctuating interest rates in the autonomous market.
Transparency & Stability
100%
Third-Party Fund Insurance
Third-Party Fund Insurance
Banking insurance services extend full coverage to safeguard the entire reserve pool.
100%
Transparency
Transparency
LADT publishes a monthly record of the current total assets and reserves.
100%
Reserve Backing
Reserve Backing
Reserves are held 100% in US dollar deposits, US treasuries and cash equivalents.
100%
Real Yield
Real Yield
One-click lending enables investors to receive real yield.