What is REUR?

The Royal Euro (REUR) stablecoin, Euro cash reserves at a 1:1 ratio, achieving 100% cash collateralization verifiable on-chain in real-time, REUR operates under a full segregation of assets framework, managed through Verified Reserve Fund Deployment (VRFD) overseen by international tier one banks. This stablecoin will serve as the foundational collateral for the creation of two additional stablecoins – the Royal Dollar (ROYAL) and the Royal Gold (RXAU) Stablecoin.

What is ROYAL?

The Royal Dollar is a stablecoin bound to the USD, using Royal Euro stablecoins (REUR) as collateral. REUR is fully backed by 100% Euro cash deposited by the Royal Investment Bank Group in top-tier 1 international banks, establishing bank-grade security and stability.

What is RXAU?

Royal Gold is a stablecoin backed by REUR collateral and pegged to the international market Euro price of one troy ounce of gold.

What is RIBG?

RIBG, a leading financial institution, specializes in traditional finance and emerging digital assets markets.With a focus on regulatory compliance and technological innovation, we offer integrated investment banking services, develop stable coin technology, facilitate remittance activities and digital asset trading

How do RIBG stablecoin Work?

REUR is a stablecoin backed by 100% Euro cash reserves and managed through smart contracts on DLT. It provides transparency, compliance, and security and operates under a full segregation of assets framework. The technology execution of REUR includes Multi-Party Computation (MPC), independent minters, and specialized protocols to ensure compliance. It is accessible to counter-parties onboarded through rigorous compliance procedures, ensuring adherence to regulatory standards. The stablecoin is distributed through on-chain registration and off-chain compliance mechanisms and facilitates liquidity through liquidity providers.

When will the stablecoin be launched?

Royal Investment Bank Group is set to launch the Royal Euro stablecoin (REUR) in June/July 2024

What collateral is used to back the stablecoin, and how is it managed?

The Royal Euro (REUR) stablecoin is pegged 1:1 to the Euro through a Verified Reserve Fund Deployment managed by top-tier banks, providing stability and predictability. The stablecoin’s value is collateralized with 100% Euro cash reserves, ensuring transparency and direct holder recourse. It also uses Chainlink’s Decentralized Oracle Network for verification, providing a secure and stable foundation for the stablecoin’s value.

How is the stablecoin issuance and redemption process managed?

The process for issuing and redeeming stablecoins involves acquiring them through OTC transactions and digital centralized exchanges, with availability on public blockchains. Redemption requests can be made with associated timelines, fees, and limits. 

The REUR stablecoin is regularly audited by third parties to ensure transparency and maintain sufficient reserves to cover the circulating supply. Chainlink’s Decentralized Oracle Network is used for real-time on-chain verification of reserves. The issuance and redemption process of the stablecoin is transparent and secure, with 100% collateral backing for issuance and a clear mechanism for redemption.

How does the stablecoin handle black swan events or extreme market conditions?

The Pauser Protocol is in place to halt the minting and burning functions in unforeseen circumstances where the collateral value falls below the stablecoin supply. This ensures the stability mechanisms of the stablecoin are protected while the finality of transactions remains unaffected. In case of extreme market conditions or black swan events, the Verified Reserve Fund Deployment structure provides direct recourse on the collateral assets to holders, protecting them from such situations.

Provide info on the protocol's resilience and contingency plans for market shocks. Also, are there any regulatory considerations for the stablecoin?

The REUR stablecoin has implemented several resilience measures, including Pauser Protocol and Verified Reserve Fund Deployment (VRFD) structure to protect stablecoin holders in the event of unexpected market shocks. The stablecoin also complies with applicable regulatory requirements, including KYC, AML-CFT, sanctions, and embargoes checks, fostering the development of a regulated digital asset industry.