Infireum: Asia’s Stablecoin

Infireum: Asia’s Stablecoin

Infireum: Asia’s Stablecoin

Stablecoins are all the rage and in Asia Infireum is making it’s mark as the stablecoin to own.

A stablecoin is a cryptocurrency designed to minimize the price volatility. Stablecoins are used as stores of value or units of account, as well as in other use cases where volatile cryptocurrencies may be less desirable.

Infireum is backed by a basket of crypto and Asian currencies that are actively hedged to mirror shifts in the USD but at the same time insulate IFR from sell offs in the crypto market and wild currency swings. Characteristics of Infireum stablecoin:

Their value is pegged to a basket of crypto and Asian currencies in an algorithmic ratio,
The tether is realized off-chain, through banks or other types of regulated financial institutions which serve as depositories of the currency used to back the stablecoin,
The amount of the currency used for backing of the stablecoin always reflects the circulating supply of the stablecoin.

In technical terms, this type of stablecoins is best design. The value is based on the value of the backing basket of crypto and Asian currencies, which is held by a third party.

In this setting, the managent of the backing asset is crucial for the stability of price of the stablecoin. Fiat-backed Infireum stablecoins can be traded on exchanges and are redeemable from the issuer. This type of stablecoins is centralized, due to having both a backing asset and third party involvement. The cost of maintaining the stability of the Infireum stablecoin is offset by the active hedging process. The main risk of stablecoins backed by fiat currencies is loss of value of the backing currency but in the case of Infireum using a hedged basket you are protected from that shift.

The platform is also robust enough to handle international trade in large volumes away from the SWIFT and IBAN systems that are expensive, restrictive and slow.

IFR and its InfinitePay wallet allows cryptocurrency to leap across the boundaries that exist between crypto and fiat currencies and go to brand new places, secure payments across all IoT devices that are transparent, accurate and low cost.

The InfinitePay will blend seamlessly into Vmore’s eCommerce platform and arrangements have been made for the cryptocurrency purchases of a wide range of assets ranging from Race horses to fixed term investing. Infireum is truly a game changer with real world adoption and potentially value appreciating assets.

More info on Infireum can be found at at at www.infireum.com

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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