USDQ Token (USDQ) is dedicated to developing new ecosystems beyond Bitcoin and Ethereum, through a well-designed system that achieves compatibility with the long-term technological evolution of Bitcoin and the Ethereum Virtual Machine; and with an industry application-oriented approach, it aims to bring the technological advantages of blockchain to users in various industries and ordinary internet users through mobile DAPP development strategies. Moreover, the USDQ system focuses on the practical application of smart contracts, which will provide a regulatory-compliant open blockchain technology sandbox for traditional internet companies (finance, social media, etc.) through a well-designed Oracle and Identity component.
USDQ is a digital asset base anchor currency equivalent to the US dollar and issued with a gold-equivalent reserve.
USDQ is a digital asset authorized by Tether Group Hong Kong using blockchain, backed by physical gold, combining the stable value storage function of gold with the universal advantages of all cryptocurrencies. All USDQ will initially be issued on the Ethereum blockchain via a blockchain foundational protocol, thus existing as a cryptocurrency token. Each unit of USDQ in circulation is supported by a corresponding fiat currency unit deposited by Tether at a one-to-one ratio. According to the terms of service of USDQ Token, USDQ can be redeemed for the underlying fiat currency, or if the holder wishes, for the spot value equivalent in Bitcoin. Once issued, USDQ can be transferred, stored, and used like Bitcoin or any other cryptocurrency. The reserved fiat currency has acquired the characteristics of a cryptocurrency, with its price permanently pegged to the price of the fiat currency.