What is a US Dollar Monetary Index or (USMI)?
- Etherscan : 0x4426377f2B75E041f444EcB6013a5f29b1c9C193
- Ethplorer : 0x4426377f2B75E041f444EcB6013a5f29b1c9C193
- Exchange : 0x4426377f2B75E041f444EcB6013a5f29b1c9C193 (Follow the link to see the current USMI value)
- Main Features: Run on the ethereum blockchain
The U.S. Dollar Monetary Index is an index of the value of the United States dollar-pegged to a basket of Stablecoins, This type of Index can be used by U.S. trade partners' to exchange value when large amounts are needed. For example, 1 USMI is exchangeable for the ten basket currencies listed below. The Index gives the U.S. dollar "strength" through stability with minimal price deviation.
The USMI can be acquired directly from iBlockchain Bank & Trust or iBBT mint any USMI required against a deposit of stablecoins.
