ARYZE, a revolutionary Danish fintech company, is dedicated to promoting financial inclusion and transparency through its suite of full reserve stablecoins known as Digital Cash. These stablecoins, issued by ARYZE BVI, include the world’s major currencies such as the Euro (eEUR), Dollar (eUSD), and Pound Sterling (eGBP).
On April 3, 2024, Mercado Bitcoin, the largest digital assets platform in the world, announced the expansion of its listing to include Digital Cash stablecoins from ARYZE. This includes the successful launch of the eEUR stablecoin last year, with the addition of eUSD and eGBP (ticker EUSD & EGBP). These stablecoins have a full reserve and are backed by short-term bonds, exclusively issued by ARYZE BVI. They are available on several blockchain networks, including the Polygon blockchain.
Fabrício Tota, MB’s Director, states, “We are thrilled to expand our partnership with ARYZE to include the digital representation of two more of the world’s premier currencies. We view ARYZE Digital Cash as a great example of cutting-edge Web3 finance, providing total protection and security for safe storage of value through pioneering technology.”
Jack Nikogosian, ARYZE CEO, adds, “We are excited to broaden the footprint of our Digital Cash stablecoins with Mercado Bitcoin. Their community can now transact and invest in leading global currencies and quickly swap between Digital Cash currency pairs with unparalleled ease, thanks to our innovative structure. Our stablecoins serve as a safe store of value and a hedge against inflation, making financial livelihoods simpler and more prosperous.”
Digital Cash operates with a full reserve backing model, mitigating bank and counterparty risk, and is over-collateralized. It is unique among stablecoins, as cross-currency conversion is embedded into the fabric of every coin, bringing unprecedented fungibility between major currency pairs and making it globally relevant.
About Mercado Bitcoin (MB):
Mercado Bitcoin is the largest cryptocurrency and alternative asset trading platform in Latin America and Brazil’s first crypto unicorn. The company is a member of the Brazilian Association of Cryptoeconomics (ABCripto) and adheres to the Code of Conduct and Self-Regulation in Money Laundering Prevention developed by the association.
About ARYZE:
ARYZE is a multinational FinTech company dedicated to resolving global financial challenges and advancing financial inclusion for the unbanked population worldwide. It offers a suite of proprietary blockchain-based products and services, including Digital Cash stablecoins and the native RYZE token issued by ARYZE BVI. ARYZE is a registered Virtual Assets Service Provider (VASP) with the Danish Financial Service Authority.
For more information, please contact:
Jack Nikogosian
CEO at ARYZE
jn@aryze.io
