Tozex Integrates Carbon’s Fiber Fiat On / Off Ramp

Tozex cryptoasset platform is happy to announce that it has signed the partnership with Carbon. The Carbon Fiber solution allows Tozex users to easily mint and withdraw CUSD fiat-backed tokens, which will be of great benefit in terms of Tozex’s BRO.

Carbon Fiber is beneficial for both SMEs and Investors. SMEs now have a possibility to receive stablecoin in context of Tozex token-based fundraising mechanism (BRO), which will provide a way for them not to suffer from erosion of raised capital. In the side of investors, it helps them to calculate their ROI easily with a stable investment support, being rewarded with TOZ tokens for the invested stablecoins such as CUSD (the stablecoin of Carbon) and USDC (stablecoin of Circle).

Carbon’s Fiber is a product that aims to reduce the friction between using fiat money and cryptographically derived value. Features within Fiber allow developers to abstract trading cryptocurrency into an easy-to-use endpoint and application.

CarbonUSD, or CUSD stablecoin is backed by USD fiat and undergoes a monthly attestation by the accounting firm Cohen and Company.