What are Digital Dollars?
Digital dollars are virtual assets designed to maintain a stable value equal to the U.S. dollar (USD). This is made possible because they are backed by reserves that ensure their stability and security.
How do Digital Dollars work in DolarApp?
In DolarApp, each digital dollar is securely backed by:
One U.S. dollar (USD): Deposited in a bank account in the United States.
Equivalent U.S. Treasury notes: To ensure liquidity and stability.
This backing ensures that the price of digital dollars remains stable and secure, offering confidence to our users.
Why does DolarApp use digital dollars?
We use digital dollars because they allow us to provide you with a global and accessible financial experience, with benefits such as:
Global Connectivity:
Operations available 24/7.
Financial rails in different countries.Legal Compliance:
We operate within the local regulations in each country.Liquidity, Security, and Transparency:
We carefully select assets that ensure fast and secure operations.
If you have more questions about how digital dollars work or need assistance, contact us through the in-app chat or send us an email at help@dolarapp.com.