Anchorusd.com Website Review

Unlike competing stablecoins, we hold all deposits in US-domiciled bank accounts. Because USDX can always be created for $1 or redeemed for $1, investors can trade with confidence and avoid the volatility of unbacked cryptocurrencies. We undergo regular audits to ensure that the number of USDX in circulation is exactly equal to the number of dollars in our bank account. We are built on the Stellar Blockchain Network, it's designed from the ground up for fast and cheap money movements. Traders have confidence in the ability to redeem funds, ensuring a consistent peg of USDX at exactly $1.00 in value. Our efficient purchase and redemption functionality allows market makers to profit off of providing liquidity between USDX and other All funds are stored in an escrow account, for the sole purpose of allowing redemption by holders. We work with public accounting firms to publish regular audits of our reserves. Our founding team brings a combined 15 years of experience in product and engineering at top technology companies. Jim was an early engineer at St*ipe, and helped scale its systems to processing billions of dollars a year in transactions. He helped build St*ipe's treasury team, and is an expert on all things fintech. Previously, he interned at Jane Street Capital. KC was a member of the original growth team at Facebook, and invented the now-ubiquitous growth accounting model. She was a member of the original Facebook Android team, and led the first major redesign of the native mobile app.