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Dominica Launches 'World's First' National Crypto Token With Huobi, Tron 2022 by Cyber News 2022
The Caribbean-based Commonwealth of Dominica reportedly launched its national token, DMC, on Tuesday in partnership with cryptocurrency exchanges Huobi Global, TronDAO, and DMC Labs.
See related article: CeFi Must Adopt DeFi Transparency After FTX Crash, Says Justin Sun
Quick Facts
βDMC is the worldβs first national token and a symbol to showcase countriesβ embrace of virtual assets and the metaverse,β Huobi said in a blog post on Tuesday.
Huobi said the country will launch the Dominica Digital Identifier (DID), which can be used as a "know your customer" verification standard for opening bank accounts, applying for loans and other financial transactions.
According to the post, both DMC and Dominica DID will run on the Tron blockchain, but support for Ethereum, BSC, and other public chains is expected to be added later via the BitTorrent Chain protocol.
Dominica officially recognized multiple tokens on the TRON blockchain in October, including TRX, BTT, JST, NFT, USDD, USDT, and TUSD, becoming one of the first countries in the world to use cryptocurrencies as legal tender. nation.
See related article: $500M in USDC Added to TRON DAO USDD Reserve
The Caribbean-based Commonwealth of Dominica reportedly launched its national token, DMC, on Tuesday in partnership with cryptocurrency exchanges Huobi Global, TronDAO, and DMC Labs.
See related article: CeFi Must Adopt DeFi Transparency After FTX Crash, Says Justin Sun
Quick Facts
βDMC is the worldβs first national token and a symbol to showcase countriesβ embrace of virtual assets and the metaverse,β Huobi said in a blog post on Tuesday.
Huobi said the country will launch the Dominica Digital Identifier (DID), which can be used as a "know your customer" verification standard for opening bank accounts, applying for loans and other financial transactions.
According to the post, both DMC and Dominica DID will run on the Tron blockchain, but support for Ethereum, BSC, and other public chains is expected to be added later via the BitTorrent Chain protocol.
Dominica officially recognized multiple tokens on the TRON blockchain in October, including TRX, BTT, JST, NFT, USDD, USDT, and TUSD, becoming one of the first countries in the world to use cryptocurrencies as legal tender. nation.
See related article: $500M in USDC Added to TRON DAO USDD Reserve