What is 1SGD?
1SGD is a stable coin issued by Mars Blockchain, aiming to overcome the problem of today’s cryptocurrency. It provides open, transparent, efficient and convenient KYC/AML process with characteristic of stable value, high profitableness and high liquidity. Mars Blockchain is a startup committed to become a leading stable coin in global cryptocurrency market.
The stable coin held by the user is a digital asset issued by the stable coin issuing company. The centralized issuance company has collateralised its assets in order to issue stable coins. Each stable coin corresponds to the equivalent value of legal assets held in the bank, to ensure that the stable coin held by the user can be exchanged back to fiat currency according a certain exchange rate. 1SGD is a stable coin issued based on the Singapore Dollar (SGD).