According to the whitepaper, USDA is an encrypted and traditional economic currency exchange platform issued by Asia Pacific Digital Bank (APDB) for the Asia-Pacific region. Asia Pacific Digital Bank (APDB) is a digital bank that focuses on the active global financial activities in the Pacific as well as Asia. The main features of USDA seek to include stable price, high pass, expandability, and privacy protection. Apart from that, the USDA has weak centralization and high-security characteristics.
USDA aims at resolving the conflict between the legal currency and the digital currency and the effectiveness of circulation. Further, the top partners of USDA around the world seek to cooperate with USDA to help USDA at different spatial levels to enable rapid development.
As mentioned in the USDA whitepaper, USDA adopts the Ethereum-based blockchain 3.0 technology to escort the privacy and security of the USDA currency account system. Moreover, the mission of USDA is to create a financial ecosystem in the stable digital market of Asia Pacific. Furthermore, USDA envisions taking advantage of the stable value of stablecoin to build a USDA payment ecosystem.
The USDA stable cryptocurrency, which operates in a decentralized manner, uses an ERC20-based public chain for circulation. The website further states the vision of USDA is to enable a wide range of people to effectively enter the future financial landscape where traditional finance and encrypted finance coexist. Besides, a technical storm of industrial innovation can occur in the foreseeable future due to USDA.
