Frequently Asked Questions

How do users verify the backing of USDR?

Nakamoto Financial will release monthly statements showing proof of reserves. When our stablecoin grows larger we may add additional reserve verification mechanisms.  Users may visit www.nakamotofinancial.co/statements to see our latest statements.

Do you make use of a third-party custodian?

Not at this time. However, when USDR becomes larger we may add one.

What is your on and off ramp process?

Our current focus is on the Saipan market. At this time our own and off ramp is limited to Saipan-based users who have been KYCed in person.

What are your on and off ramp fees?

We do not charge on/off ramp fees at this time. However, we reserve the right to charge them in the future to cover our costs.

What’s the advantage of this over other stablecoins?

1. Low fees. The cost to send an eToken is less than $.001.

2. It’s usable in commerce. Businesses in Saipan have already started accepting it and more are added all the time.

3. The ecosytem. RaiPay Wallet, RaiPay terminal, and a number of other software are being built with first-class USDR support.