A New Way of doing Rand
The South African Rand continues to reduce individual’s purchasing power as it remains highly volatile and over time, diminishes in value compared to other major fiat currencies. Multi-Stable Digital Rand is a simple and secure way of protecting the Rands you have earned by providing you instant and unlimited exposure into US Dollar with just a click of a button, all while keeping the fiat Rands right here in South Africa.
Comprising an aggregation of the major US Dollar stablecoins in a constant ratio with Digital Rand, algorithms work continuously, selling Rand to Dollar as the Rand strengthens and selling Dollar to Rand as the Rand weakens. Furthermore, as a Digital Rand liquidity provider and through decentralised blockchain technology, fees of up to 1% are earned on all trades and rebalancing of Multi-Stable Digital Rand.