Join the Stronghold USD Private Beta Program

Stronghold
Aug 31, 2018 · 2 min read
Stronghold USD is the first venture-backed U.S. dollar token on the Stellar network.

Stronghold is inviting select customers to join its private beta program for Stronghold USD, the first venture-backed U.S. dollar token on the Stellar network.

Stronghold USD is a stable, liquid token that allows customers to access foreign exchanges and accept/settle payments in U.S. dollars. Fully compliant with Know Your Customer (KYC) and anti-money laundering (AML) guidelines, Stronghold USD is 100% backed by cash deposits held by Nevada-based Prime Trust, a registered SEC Qualified Custodian and state-chartered trust company.

Because our fixed-value token is federally-insured, third-party audited and completely backed by cash, our coin doesn’t sync with the dollar — Stronghold USD is the dollar.

Open to retail and institutional investors, customers in the beta program may use Stronghold USD for global asset management, foreign exchange, holding dollar reserves, and accepting and settling payments. As a USD anchor on the Stellar network, we accept deposits, process withdrawals and initiate transactions for customers.

Transactions are confirmed within 3–5 seconds, compared to ACH billing, which can take 3–5 days to process.

Stronghold customers may also exchange USD for government-backed currencies like euros and pesos, traditional securities like bonds and ETFs, or any of the cryptocurrencies available on Stellar, which was created specifically to connect banks, payment systems and global consumers.

To join our private beta, download a white paper with more details about Stronghold USD, then setup your Stronghold account. When your account is verified, a member of our Customer Happiness team will notify you via email.

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strongholdxchg

Stronghold | Digital Assets

Stronghold

Written by

A financial service provider built on distributed ledger technology. Creator of Stronghold USD.

strongholdxchg

Stronghold | Digital Assets

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