RaiUSD, an eCash stablecoin
RaiUSD (USDR) is a 1:1 U.S. Dollar-backed stablecoin built on the eCash blockchain for the Saipan, CNMI, USA market.
Features
Unrivaled Security
USDR is built on the eCash blockchain, doubly protected by both PoW and PoS. Unlike cash, it’s protected against theft and forgery.
Backed by the US Dollar
USDR is 1:1 backed by U.S. Dollars, by Nakamoto Financial, a federally licensed Money Service Business.
Instant Payments
With eCash’s Avalanche technology, transactions are fully secured within seconds.
Why Rai
Stablecoins, cryptocurrencies backed 1:1 by an asset, usually the US Dollar, have exploded in popularity in recent years due to their ability to leverage most of the advantages of traditional cryptocurrencies while minimizing the downsides. As a result, the market capitalization of stablecoins and their usage in commerce are growing rapidly— a trend that will continue until traditional cryptocurrencies can find a way to compete.
Until then, it is our position that stablecoins are the ideal stepping stone and the way to expand crypto’s utility and appeal. While many stablecoins exist, none of them are ideal for in person commerce in our local market, Saipan. Either a stablecoin lacks robust payment protocols, its network fees are too high, or the on/off ramps are too expensive and inconvenient. RaiUSD was built to solve these problems.
The Blockchain
We chose the eCash blockchain as the ideal choice due to its scalable network, excellent community, and competent and well-funded developer team. eCash allows consumers and merchants to securely make payments in seconds and is well positioned to realize Nakamoto’s vision of peer-to-peer electronic cash.
Check it outThe Name
The name RaiUSD was chosen to pay homage to the first peer-to-peer public ledger, the Rai Stone. Just like Rai stones, our stablecoin will be recorded on a public ledger and verified by the community. The Rai stone has played an important role in the history of money and the Pacific for hundreds of years. We believe RaiUSD can continue this trend. The past determines the future, and the future is Rai!
RaiPay Wallet
By and for the eCash community, RaiPay Wallet is the first mobile eCash and eToken wallet. Experience the power and speed of eCash (XEC) and eToken (SLP) online, in person, and everywhere else.
Features:
- Receive, send, and store eCash and eTokens
- Sweep eCash and eTokens from paper wallets.
- Pay BIP70 eCash and eTokens invoices
- Fully non-custodial Transactions are done directly on the blockchain, in a non-custodial wallet.
Because RaiPay Wallet is non-custodial so only you own your private keys. Be sure to backup your seed phrase, as the account is in your control and only your control.
Screenshots
