Cryptocurrency backed one-for-one to the US dollar.
Conditions of Token
USD is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by an independent crypto entity. The token's peg to the USD is achieved via maintaining a sum of dollars in reserves that is equal to the number of USD in circulation. All dollar deposits are held in an offshore, international escrow account for the exclusive benefit of USD token holders.