• Multi-Currency Fiat-backed
• International Stablecoin 1:1 RATIO
• On The XDC Network
GLOBIANCE INTERNATIONAL STABLECOINS
| FIAT CURRENCY | STABLECOIN | FIAT CURRENCY | STABLECOIN |
|---|---|---|---|
| UNITED STATES DOLLAR | $USDG | SWISS FRANC | $CHFG |
| BRITISH POUND | $GBPG | EURO | $EURG |
| HONG KONG DOLLAR | $HKDG | SINGAPORE DOLLAR | $SGDG |
| JAPANESE YEN | $JPYG | AUSTRALIAN DOLLAR | $AUDG |
| CANADIAN DOLLAR | $CADG |
On November 30, 2020, Globiance launched stablecoins pegged one to one to the Singapore dollar and Euro, in Singapore - marking a major milestone and introducing stablecoins to the mass market.
Since then, our stablecoin selection has grown to include additional a wider range of major currencies. We continue to expand our global currency selection, aiming to provide the most comprehensive range of global stablecoins available. Our ongoing efforts include, catering to all major European, Asian, African, American, and Asia-Pacific countries to enable local and international currency payments and trading for clients worldwide.
Log into the platform and select "Deposit", there you’ll find wire transfer details for sending funds. Once the deposit is received, you'll see the stablecoins purchased credited to your wallet.
> Price Stability: As their name suggests, stablecoins aim to maintain a stable value, often pegged to a fiat currency like the US dollar or a basket of assets. This stability makes them attractive for everyday transactions and as a store of value.
> Global Accessibility: Stablecoins operate on blockchain technology, which allows for borderless transactions. Anyone with an internet connection can access and use stablecoins, making them particularly useful for cross-border payments and remittances.
> Speed and Efficiency: Transactions using stablecoins can be completed within seconds compared to traditional banking systems which may take days for international transfers.
> Lower Costs: The use of stablecoins can significantly reduce transaction fees associated with traditional banking systems, particularly for international transfers where fees can be high.
> Financial Inclusion: Stablecoins have the potential to provide financial services to the unbanked and underbanked populations around the world, offering them access to digital payments, and savings.
> Transparency and Security: Stablecoins operate on public blockchain networks, providing transparency and traceability for transactions. Additionally, blockchain technology offers strong security features, reducing the risk of fraud and counterfeiting.
> Hedging Against Volatility: For traders and investors in cryptocurrency markets, stablecoins provide a means to hedge against the volatility of other cryptocurrencies by quickly converting into a stable asset during market downturns.
The stablecoins can be converted to Fiat and withdrawn to bank accounts using the withdrawal function.
Globiance’ regulated stablecoin operates on XinFin’s XDC Blockchain network, taking advantage of its rapid 2-second transaction speed, over 2000 transactions per second (TPS), and minimal gas fees. The enterprise-friendly consensus and governance model of the XDC network, coupled with KYC-enabled master nodes, renders it particularly well-suited to operating under stringent regulatory frameworks.
Group CEO of Globiance - Oliver Marco La Rosa, “Globiance represents a great opportunity to establish a higher standard of transparency and auditability in digital currencies, which will foster trust and accelerate the widespread adoption of stablecoins. Stablecoin - also known as 'digital fiat,' use blockchain technology to streamline automation and digitization, which is particularly beneficial for applications such as trade finance and cross-border remittance, offering the least volatile, most cost-effective and scalable means of transferring funds.”
Regarding this initiative, he emphasized, "Our focus will include specific stablecoins that facilitate seamless exchanges between fiat and crypto, addressing the needs of both the unbanked and over-banked populations. Together, we aim to drive broader adoption of blockchain technology, including the XDC Network.”
The new Payment Services Act implemented on 28 January 2020, reflects Singapore's embrace of financial innovation by enabling payment service providers, including crypto-asset firms, to operate within the jurisdiction.
Our goal is to bring both business and retail clients to the platform to facilitate completely digital business transactions between the parties. With stablecoins there is no need to withdraw fiat, as the assets can be securely held digitally.
Globiance invites ecosystem partners such as exchanges and regulated remittance companies to capitalize on the benefits of these digital currencies.
To apply for a partnership please contact us at [email protected]
Globiance issued stablecoins are based on the revolutionary protocol - XinFin XDC, the world’s fastest and most energy efficient consensus.“
eXchange inFinite (XinFin), is a Delegated Proof of Stake Consensus network (XDPoS), enabling Hybrid Relay Bridges, Instant Block Finality, and Interoperability with ISO20022 messaging standards, making XinFin’s Hybrid Architecture Developer friendly.
Interoperable Blockchain Network for Global Trade & Finance enables digitization, tokenization, and instant settlement of trade transactions, increasing efficiency and reducing reliance on complex FX infrastructures. This allows for increased flexibility in liquidity management for financial institutions.
| Comparison Criteria | BITCOIN (BTC) 1st generation | Ethereum (ETH) 2nd generation | XinFin (XDC) 3rd generation |
|---|---|---|---|
| Transactions per second | 3-6 | 12-16 | 2000+ |
| Average fee | 15 US$ | 10 US$ | 0.0001 US$ |
| Transaction confirmation | 10-60 minutes | 10-20 seconds | 2 seconds (w/finality) |
| Smart contract support | NO | YES | YES |
| Energy consumption | 71.12 TWH | 20.61 TWH | 0.0000074 TWH |
Through our ecosystem, a wide array of the world’s fiat currencies can be exchanged and transferred at ultra-low rates, maximizing efficiency.
With thousands of members worldwide, the XinFin Network boasts one of the fastest-growing communities in the industry.
Stablecoins running on the XinFin blockchain consume significantly less energy compared to competitive solutions.
With much lower confirmation times and higher transaction rates, using stablecoins has never been more convenient.
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