USDS is a digital token that facilitates Bitcoin’s trading and circulation. Each USDS token can be used to trade for 1 US dollar worth of Bitcoin at real-time price from fully-regulation-compliant exchanges. USDS can only be acquired by selling Bitcoin, and can only be redeemed by purchasing Bitcoin. Each issuance or redemption of USDS is totally carried out by the USDS users. USDS is a transparent and trustworthy unit of account.
USDS will be issued based on the ERC-20 standard. Various functionalities will be added for USDS later, including Spot Trading, Leverage Trading, Deposit and Withdrawal, OTC Trading, etc.
Feb 13, 2020