ZUSD is a fiat-backed stablecoin pegged to the US dollar (USD), issued by GMO-Z.com Trust Company. It is built on the Ethereum blockchain and is 100% backed by USD reserves, ensuring a 1:1 redemption rate. ZUSD aims to provide seamless trading, instant settlement, and secure storage across various digital asset platforms.
ZUSD is a fiat-backed stablecoin that tracks the price of the US dollar (USD) and is issued by GMO-Z.com Trust Company. It is designed to be used as a store of value, for payments, and as a trading partner for other digital assets. Here are some key ways ZUSD is used:
Trading: ZUSD allows users to trade seamlessly across a network of global partner venues, minimizing costs and facilitating digital fiat trading at the venue of choice.
Settlement: ZUSD enables near-instant settlement at supported settlement network partners, optimizing treasury and holding efficiency with faster settlement times.
Storage and Transactions: ZUSD is supported by leading custody providers and wallet services, allowing users to store and transact with confidence.
Peer-to-Peer Exchange: ZUSD can be used for peer-to-peer exchange, providing a stable digital representation of the US dollar.
Digital Fiat Trading: ZUSD can be used for digital fiat trading, providing a stable and reliable digital equivalent of the US dollar.
Hedging and Remittances: Institutions and individuals can leverage ZUSD for hedging and remittances, taking advantage of reduced transaction costs and fast settlement times.
Overall, ZUSD is designed to bridge the gap between traditional financial services and the digital assets world, providing a trusted and reliable digital representation of the US dollar.
To store ZUSD tokens, you can use the Atomic Wallet, which supports ZUSD along with over 300 other coins and tokens. This wallet is available for both desktop and mobile devices. Atomic Wallet is trusted by 5,000,000 users worldwide and offers features such as private keys encryption, no registration or KYC requirements, and 24/7 online support.
To buy ZUSD tokens, you need to follow these steps:
Choose a Centralized Exchange (CEX): Select a reliable CEX that supports ZUSD trading, such as Binance. Register an account on the exchange's official website or app, and verify your identity by providing a government-issued identification document. Enable two-step verification for added security.
Buy a Supported Cryptocurrency: Use fiat currency to purchase a cryptocurrency that can be easily traded for ZUSD, such as USDT, ETH, or BNB. This can be done through the CEX's over-the-counter (OTC) trading service or by using a financial service platform like PayPal or Robinhood (available for US residents).
Transfer to a ZUSD-Supporting Platform: If the CEX you're using doesn't support ZUSD trading, transfer the purchased cryptocurrency to a platform that does. Ensure the platform supports the trading pair you need, such as ZUSD/USDT or ZUSD/ETH.
Buy ZUSD: Once you have the necessary cryptocurrency on a supporting platform, you can buy ZUSD in the spot market using the transferred funds.
Store or Trade ZUSD: After purchasing ZUSD, you can store it in a wallet (hot or cold) or trade it for other cryptocurrencies on the exchange.
Remember to consult the exchange's customer service and local tax authorities for any specific requirements or restrictions in your area.
