Deenar is issued by Fiduciary Standard, a regulated and licensed stablecoin issuer, domiciled in Switzerland.
Deenar is a digital asset where one token represents one gram of gold, stored with a trusted custodian. Anyone who owns Deenar owns the underlying gold which is held under the custody of Brinks. The value of Deenar therefore tracks with the real-time market price of gold.
Deenar is built following the ERC-20 protocol on the Haqq Network blockchain, making it compatible with all Haqq and Ethereum wallets that accept ERC-20 tokens. All transactions operate according to the rules of the smart contract on the Haqq blockchain. Resulting in the elimination of human error and the system operating only as programmed.
Deenar is rule-based and fully automated, based on the idea of non-critical roles distributed between interchangeable actors. It is available 24/7 to facilitate settlement against various assets, meaning Deenar can be bought/sold at any time and transferred anywhere.
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