The New York Digital Dollar DUSD is tied to the US dollar 1:1, and is committed to maintaining the currency attribute and ensuring the stability of the redemption value of the Stablecoin. DUSD is a Stablecoin based on ERC-20 agreement, and its reserve certificate will be reviewed regularly to prove that its tokens are fully supported by US dollars.The US dollar can be converted into DUSD token through the WBF Exchange in Singapore, and then transferred into the Ethereum wallet of investors. Reverse trading can also be realized: if users deposit the DUSD token in the Ethereum wallet for exchange, they can convert dollars in the exchange.The US dollar funds equivalent to the number of tokens issued will be deposited in multiple banks worldwide and in the United States (subject to FDIC deposit conditions but applicable restrictions). In addition, the balance of US dollar deposits will be reviewed by an independent registered accounting firm to ensure a 1:1 correlation with the US dollar.
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