It will be created alongside Bitcoin, Facebook’s Libra and the Peoples’ Bank of China’s incoming stable asset for domestic use in China, according to a statement.
The EXR digital asset appears to have taken the best lessons learned from Libra, Bitcoin and the history of the United States Dollar and Pound Sterling, to make for a strong contender to become a global stable currency.
The EXR Foundation will seek to offer a safe-haven alternative for businesses that seek improved information security, easier cross-border trading and better access to international markets.
EXR is proposed to consist of a basket of leading fiat currencies, equal-weighted and collectively valued at US$1 per token at its date of inception. (US$1 = RM4.19)
More information at https://www.exr.org.
-- BERNAMA
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