Business Model
Stablecoin Market Size
$162 Billion
Market Cap
The market cap for stablecoins has grown considerably in the past six months, increasing 34% from $122bn in October 2023 to $162bn in June 2024
2.57x
Since April 2021, total Stablecoin market cap has increased 2.57x from $63bn.
USDT possesses a 70% Stablecoin market dominance.
Our Competition
Tether (USDT)
$113bn
Pro’s
- Monopolistic position within global Stablecoin market
- Cultural acceptance
- Multi-chain operable
Con’s
- Jurisdictional/Industry restriction
- Under regulatory scope
- Can be seized by regulators
- Lack of fully transparent, high-quality audit of collateral
backing
USD Coin (USDC)
$32bn
Pro’s
- Preferred by large financial institutions
- Goldman Sachs backing
- USD cash & cash equivalent collateral
- Multi-chain operable
Con’s
- Low cultural acceptance outside of USA
- Highly centralized (Goldman Sachs)
- Market Cap 43% down from peak ($56bn)
Dai (DAI)
$5bn
Pro’s
- Over collateralized, DAI aims to maintain 150% collateral ratio
- Transparent collateral assets (predominantly ETH & USDC)
- Ability to mint & burn DAI through MakerDAO
- Multi-chain operable
Con’s
- Collateral backing is majority Crypto, thus risk of devaluation
of on-chain collateral due to high-volatility - Risk of a negative contagion event is USDC has a de-peg event
- Research from S&P Global states that USDC and DAI were
more prone to de-peg events than USDT. There have been depeg events in the past
Tether Gold (XAUt)
$0.57bn
Pro’s
- Accurate tracking of Gold price on blockchain
- Available on Tier 2/3 centralized exchanges
Con’s
- Issued and controlled by TG Commodities Limited, a sister
company to Tether, hence could be viewed to share some/all
Con’s as USDT - Whitepaper states: “For clarity, no regulatory authority has examined or approved of any of the information set out in this whitepaper”
- US individuals mostly prohibited from acquiring/trading
- ERC-20 only token, hence higher blockchain fees than others commonly used for Stablecoins
- Fees exist for XAUt redemption to physical gold or cash
delivery
USDR Product
Stability
USDR Stablecoin is to be pegged to USD $1, backed by Gold
Transparency & Audit
Full Whitepaper audit to be conducted, transparency over location & veracity of physical gold reserves
Ecosystem Launch
USDR Stablecoin to be launched in ecosystems that presently face severe fiat banking & stablecoin challenges
Redemption
Investors & users will be able to redeem with ease
Business Model
Value Proposition
USDR Stablecoin represents:
• Transparency
• Audit on collateral
• Frictionless & restriction-free
• Redeemable
Target Users
• Challenging jurisdictions
• Negatively viewed industries
• Unbanked users
• Users of other gold Stablecoins
Revenue Streams
Upon launch:
• Transaction Fees
• Futures/off taking on collateral reserves
In the future:
• Lending services
Growth Strategy
Q3 2024
Presale launch.
Release of USDR launch ecosystems.
Minting & distribution of tokens.
Q1 2025
Integration with select centralized & decentralized exchanges.
Expansion of USDR launch ecosystems.
Q4 2025
Further USDR Stablecoin minting, with 5 further gold mines already in pipeline ($10bn asset value).