The XDB Foundation has announced the first ever pairing of XDB with the recently announced Zytara Dollar, ZUSD, on global cryptocurrency markets. Users of the BiKi cryptocurrency exchange are among the first to have access to the XDB/ZUSD trading pair.
DigitalBits is a protocol layer blockchain designed to support branded currencies and branded stablecoins that offers key support for the global esports industry. Among other things, this will enable the monetization of in-game currencies across a global ecosystem, as well as real-time payment transfers around the clock. Furthermore, developers will be able to build programmable incentives for gamers on DigitalBits that enhance fan engagement. The platform also solves many of the issues faced with global tournament prize payouts.
Zytara is the latest company to announce their intended use of the DigitalBits blockchain for their Zytara Dollar (ZUSD) stablecoin. ZUSD is issued by a regulated financial institution and redeemable on a 1:1 basis for US dollars. The stablecoin is designed as is money for the gaming industry and beyond. It’s a programmable dollar that moves at the speed of the Internet to and from anywhere in the world, designed for the future of finance, esports, and gaming.
“We are really excited to see the debut listing of the XDB/ZUSD trading pair,” said Michael Gord, Managing Director of the XDB Foundation. “Asia-Pacific accounts for a significant portion of the global gaming community, almost 50%, and BiKi is perfectly situated to support this geography. We’re really happy to welcome them into our partnership ecosystem.”
DigitalBits is a protocol layer blockchain network ideal for secure and low-cost global transactions and supports various use cases including the tokenization of branded cryptocurrencies, including branded stablecoins. With a focus on mainstream crypto adoption, DigitalBits aims to solve a real-world problem by integrating with consumer brands.
The XDB Foundation is a non-profit organization focused on assisting DigitalBits and related technologies. The XDB Foundation’s core objectives include: supporting the innovation and adoption of the DigitalBits blockchain and the use of cryptocurrency in enhancing the consumer experience and corporate social responsibility initiatives, shaping commercial standards and requests for technical expansion, growing the DigitalBits community through the inclusion of diverse regions; providing accountability and sustainability practices; and facilitating partnerships and ecosystem development.