Radar, a token relay app which helps users find, exchange, and transfer any token fluidly has announced a partnership with Digix to bring the DGX gold backed stablecoin to the service.
Stablecoins like DGX will be an important piece of networked liquidity in the crypto ecosystem. It is useful for payments, term loans, and anything that requires a more stable store of value.
When Digix relaunches with DGX 2.0, the partnership will scale Radar’s proof of asset protocol to a larger audience and give users easy access to gold-backed tokens.
Digix digitizes physical gold in a secure and trustless manner by backing every DGX with one gram of gold with full public auditability of the chain of custody using Ethereum blockchain technology. Users have real-time transparency, as well as having four third-party audits per annum to ensure authenticity. The physical gold is also redeemable at any time.
“We are excited to announce our partnership with Digix, the gold standard of blockchain technology. Partnering with Digix will allow Radar to provide a low volatility, gold-backed token to users on our platform.”
“We’re excited to bring Digix to a larger audience and leverage Radar’s unique N:N token trading functionality to prove the stablecoin concept.”
The Radar app is launching with ERC20 token support is currently in working beta mode.