Stablecoins

Tokenized Fiat Currencies

Stablecoins are one of the key use cases of blockchain technology. They combine the stability of fiat with the speed, efficiency, and global reach enabled by blockchain technology. They are becoming the holding component inside the evolving blockchain-based financial system.

Genifi aims to usher in a new adoption wave of stablecoins by launching numerous new tokenized fiat currencies- starting with USDO, EURO, CZKO, PLNO, followed by other major and regional currencies.

By this, we are helping to create a robust, fast, flexible, and global blockchain-native Forex market, which diversifies the stablecoin ecosystem and augments the utility and integrity of digital assets.

Each of the stablecoins issued by Genifi gives users access to near-instant Real World Asset (RWA) tokenization on the Genifi Brokerage, an easy way how to on/off-ramp from and to favorite Blockchains from fiat, and other use cases, such as payment for goods and services in your local currency, cross-border remittances, and more.

Key Features

• Price Peg: Each stablecoin issued by Genifi is pegged to its respective fiat currency, ensuring stability.

• Reserves: Backed by cash or cash-equivalent reserves held in a bankruptcy remote structure according to MiCA regulation.

• Regular Audits: Reserves are subjected to regular audits by established independent auditors.

• Proof of Reserve: Transparent reporting via Chainlink’s publicly available Proof of Reserve (PoR) Reports ensures reliability.

• Chain agnostic: All of our stablecoins have Native Token transfer (NTT) from Wormhole integrated and can be natively minted and bridged to all chains where NTT is life regardless of whether it is EVM or alternative VM Blockchain.