ST.
JOHN'S, Antigua, May 15, 2024
/PRNewswire/ -- MNEE announced today the upcoming launch of the
first USD-backed stablecoin designed to transform the
landscape of digital transactions through its use of the
highly-scalable BSV blockchain, which features unmatched speed, low
fees, and the ability to power microtransactions.
Each MNEE token is redeemable for a value of $1.00 USD, fully collateralized by US T-bills,
USD cash or stablecoin equivalents. MNEE is a licensed
and regulated custodian and an issuer of digital assets in
Antigua, ensuring full compliance
and security in accordance with international standards. With
rigorous AML/KYC compliance, risk management and treasury
management, MNEE will be fully audited with an attestation of
reserves, offering transparency and reliability to its users.
"Sitting at approximately $160
billion today, the stablecoin sector is
projected to reach nearly $3 trillion
by 2028, clearly demonstrating market desire for the instant
processing and high security of stablecoin payments,
coupled with the volatility-free stable valuations of fiat
currencies," said Savvas Rigas, CFO,
MNEE. "With the launch of MNEE, we are proud to introduce the
industry's fastest and most scalable stablecoin to
date, truly establishing MNEE as the currency for tomorrow."
As the first stablecoin of its kind issued on
the Tokenized protocol on BSV blockchain, and also available on the
ERC-20 protocol, MNEE will launch in June
2024 on Handcash and RockWallet, with key features
including:
- Unmatched Speed: Instant transactions with zero
confirmations.
- High Scalability: Capable of handling more than 1
million transactions per second.
- Cost-Effectiveness: Transaction fees are as low as
1/10th of a cent on the BSV Tokenized protocol.
- Microtransaction Capability: MNEE can be divided to
1/1,000th of a cent ($0.00001),
making it perfect for a wide range of microtransaction uses in
online gaming, social media AI, IoT, API, subscription services,
tipping, advertising and more.
MNEE's versatility provides for powerful use cases in numerous
essential digital finance activities including:
- Peer-to-peer payments for instantaneous customer
transactions
- Remittances for instant and practically free
cross-border money transfers
- Payment settlement for retail, business, physical
assets, and commodities
- Web3 applications including online transactions,
consumer applications and dApp integration
"Handcash has consistently been recognized as the most
user-friendly platform for streaming money across apps, games and
websites, thanks to our Web3 ecosystem of connected apps," said
Alex Agut, CEO and Co-Founder,
Handcash. "We are thrilled to introduce MNEE to our community,
thanks to its exceptional speed, stability and cutting-edge
features that align perfectly with our commitment to enhancing user
experience."
"We are proud to facilitate the issuance of MNEE on BSV
blockchain through our Tokenized platform, which has been designed
to support a wide range of digital assets beyond traditional
cryptocurrencies," said James
Belding, CEO and Co-Founder, Tokenized. "The launch of MNEE
showcases our commitment to innovation and vision of improving the
value proposition of stablecoins in a comprehensive, user-empowered
financial ecosystem."
MNEE will soon be available for minting by non-US institutional
clients, exchanges, and OTC desks. Retail users, merchants,
traders, and dApp developers can buy/swap MNEE through
platforms including Handcash and RockWallet, as well as RockWallet
PRO for advanced exchange trading. The expanding ecosystem of
partners promises to further enhance the accessibility and utility
of MNEE in the near future.
"We at Handcash aim to empower gamers and developers worldwide
with the best platform for building fantastic economies,"
Alex Agut added. "With MNEE we
finally can use a USD stablecoin as the main currency
for our platform, making it more familiar for everyone while
retaining all the benefits of using a blockchain."
For additional information, please visit
https://www.mnee.xyz.
ABOUT MNEE:
Headquartered in Antigua, MNEE is a pioneering financial
technology organization dedicated to innovating in global finance.
As the issuer of the MNEE stablecoin, the company
leverages the robust capabilities of BSV blockchain to provide a
stable, secure, and scalable digital currency solution. Each MNEE
token is backed by US Treasury bills and USD cash equivalents,
ensuring full collateralization and compliance. With a commitment
to creating the future of money, MNEE focuses on delivering
instant, low-cost, and efficient payment solutions across numerous
platforms and industries.
MEDIA CONTACT:
Interdependence Public Relations
377776@email4pr.com
(917) 836-8204
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SOURCE MNEE