SBC
Stable Coin
SBC was created to serve as an example of leveraging decentralized protocols to extend functionality in the existing financial system. It emphasizes redeemability, regulatory compliance, and transparency in line with established central finance practices. SBC is currently in closed alpha.
Benefits of SBC
Regulated reserves
Multi-chain
Transparent
Transparency
SBC is always redeemable 1:1 for U.S. dollars. Brale asserts that the balance of treasury assets is equal to or greater than the tokens issued, as of the following dates.
Reserves as of September 30, 2023
Monthly Reserve Reports
Monthly reports are issued by an independent accounting firm to provide assurance that the value of stablecoin reserves are equal to the amount in circulation. Reports are prepared according to the attestation standards of the American Institute of Certified Public Accountants (AICPA).
SBC News
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