OpenDAO Portfolio Company PeerTC Now Registered Digital Currency Exchange in Australia: USDO Stablecoin News
OpenDAO portfolio company PeerTC is now a registered Digital Currency Exchange in Australia!
Being registered with AUSTRAC is a major development and means that our portfolio company, PeerTC, is fully regulated in Australia.
PeerTC will now be able to go live with their peer-to-peer network as a result.
This is BIG. Details below.
CONTENTS
- AUSTRAC Registration
- PeerTC Grant Recipient
- What is the USDO StableCoin?
- About OpenDAO
AUSTRAC REGISTRATION
AUSTRAC is responsible for preventing, detecting and responding to criminal abuse of the financial system to protect the community from serious and organised crime in Australia. AUSTRAC regulates crypto currency exchanges in Australia.
PeerTC is now a registered Digital Currency Exchange with AUSTRAC. The AUSTRAC registration enables PeerTC to begin building out their peer-to-peer cryptocurrency exchange… now registered in Australia.
This opens the doors for a variety of activities that have been in the works for a long time, so we’re beyond excited that we can finally share all of this with the community.
What does this registration mean in OpenDAO terms?
It lays a pathway for USDO to be exchanged for fiat and allows it to reach a much wider audience! Of course, this is just the beginning.
PEERTC GRANT RECIPIENT
Quietly, PeerTC has been on our site for some time as an OpenDAO grant recipient, similar to OCP, though notably quieter.
No longer.
USDO will be swapped for fiat and vice versa!
Currently, PeerTC is in development and we will have more information about it shortly.
WHAT IS THE USDO STABLECOIN?
What is USDO?
Great question.
USDO is the flagship stablecoin from OpenDAO, and meant to be a multi-collateral decentralized stablecoin capable of expanding to the size of any economy. Backed by crypto. Backed by stocks. Backed by real estate.
Backed by the world around you.
The USDO stablecoin is fairly new, but gaining traction and use cases quickly. It maintains it’s peg tightly, and we expect its usage rate to go parabolic in the near future.
Learn even more at OpenDAO.io
ABOUT OPENDAO
OpenDAO (OPEN) serves as a bridge for real-world assets to cross over into the growing DeFi infrastructure. The goal is to bring more value into the space by providing exposure to real estate, stocks, and more… all in a uniquely permissionless and seamless manner.
The DAO is nearly finished with the architecture for the creation of a superior stablecoin, one backed entirely by the world around you.
Join our Telegram if you haven’t already! t.me/opendao
HEY YOU! Thanks!🥰
You read my article all the way to the end!
I put a lot of hard work into it, and I hope you got something useful out of it.
If you appreciate the article, if you love OpenDAO, USDO, nachos, mountains, writing, reading, not writing, or not reading(or if you’ve just got fast fingers,) take a moment to smash that👏 button a few times! (My record is 1,057)
