| STABILA BLOCKCHAIN | CHAIN STATUS: STABLE | MONETA EXCHANGE LAUNCH DATE: Mar 2022 |

Introduction Tokenized Fiat 

Tokenization can be described as the creation of a unique digital representation of an asset. While the concept of digitalization is not new, blockchain technology adds an additional dimension to it.

A digital token backed by fiat currency provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar accounting unit. The innovation of block chains is an auditable and cryptographically secured global ledger. Asset backed token issuers and other market participants can take advantage of blockchain technology, along with embedded consensus systems, to transact in familiar, less volatile currencies and assets.


Types of Tokens

Fiat

Collateralized

Commodity

Collateralized

Crypto

Collateralized

Non

Collateralized

Our Vision

In order to maintain accountability and to ensure stability in exchange price, we propose a method to maintain a one-to-one reserve ratio between a cryptocurrency token, called Moneta, and its associated real-world asset, fiat currency. This method uses the blockchain, Proof of Reserves, and other audit methods to prove that issued tokens are fully backed and reserved at all times.

“The ‘winner’ of the stablecoin race will have to make a product easy enough to be used by mainstream consumers, safe and secure enough to be trusted by regulators, and flexible enough to entice the involvement of multinational banks — All while hopefully not sacrificing the decentralized, immutability, and transparency pillars of the underlying blockchain technology that made stablecoins possible.”
moneta.holdings

Tokenized Fiat for Everyday Users

The process is simple. Much like other money transmission services, users will create an account and fulfill a KYC process before depositing. Once your account is created, you can deposit money using a credit card or bank transfer, which will then be added to your account.

Behind the scenes, all of the transactions and transfers in the system will be handled with a private blockchain. Users will be able to freely send and receive money from other users.

Tokenized Fiat Explained

  • Fiat digital-cash
  • Tokenized Fiat digital-cash
  • Pros of fiat digital-cash
  • Cons of tokenized fiat digital-cash
  • Overview
  • References

Fiat digital-cash

Digital cash are intangible that can only be owned and exchanged by computers or electronic wallets linked to the Internet or through designated networks. Like other standard fiat currencies, digital currencies can be used to buy goods and pay for utilities, but they may still see limited use in some online communities, such as gaming platforms, poker websites, or social networks. Digital cash have all their intrinsic properties, such as physical currency, and allow instant transfers that can be performed easily for cross-border payments while linked to supported devices and networks.

Because the world’s largest central banks cannot control the evolution and impact of cryptocurrency, they are working on their own version of cryptocurrency or considering issuing it. This regulated cryptocurrency is called the central bank digital currency and is controlled by the monetary authority or central bank of a particular country.

Generally known as fiat computerized cash or advanced coinage, the CBDC will go about as an advanced money equal to a nation's fiat cash sponsored by a fitting measure of save money, for example, gold or unfamiliar trade saves.

All CBDC facilities can monitor digital devices such as billing, which can be used as a payment method, savings bank and approved account. Like banknotes with a specific serial number, each CBDC unit can also be identified by counterfeit. As this will be critical for the controlled money supply of the national bank, other restricted monetary standards, such as coins, bank notes, bank notes and shares, will operate in close proximity. CBDC is likely to show the better of the two world. The ease and stability of emerging forms such as bitcoin and the controlled movement of money and the security of conventional banking structures. The central bank or other monetary authority in the country will be fully responsible for its activities.

Tokenized Fiat digital-cash

Central bank digital currencies (CBDCs) use block chain-based tokens to display digital versions of fiat currencies from specific countries (or regions). Centralized CBDC; it is issued and controlled by the computer. Token is a variable of the state specified in Block chain. During the conversion process, there is no improvement in the number of signals, just the status Update. As a result, there is no chance of "settlement transit fund" or settlement. Smart contracts command the logical sequence according to the algorithm (consensus) including the output. Law, rule of transition, rule of cancellation. The contract sets the signal for the status collection. Patent monetary Participants of the Block chain must have digital identification, i.e. information to authenticate them, and Responsive political considerations from retail entry to CBDC and authority of the country.

The digital cash is;
  • Official payment instrument issued by Central bank.
  • Sovereign denominations
  • The currency base (M0)
  • Universal and workable
  • Prompt settlement
  • Meets by screening Trade of currency:
  • a) Common account unit
  • b) Store Value store
  • c) The average of the exchange

Pros of fiat digital-cash

Here is the some pros of digital fiat cash.
  • Reduce trade prices.
  • Boost the quality of cross-border transfers and the potential to settle stalled payments and purchases.
  • Increase the tempo, efficiency and transparency of debt markets.
  • To allow small businesses access to the global economy.
  • Increase the integrity and confidentiality of all transactions;
  • Simplify the method of letters of credit (maybe bypassing them altogether) and trade financing.
  • Boost consumer surveillance and enforcement.

Cons of tokenized fiat digital-cash

Here are some cons of tokenized fiat digital-cash;
  • In designing a tokenized fiat approach to help minimize the organizational inefficiencies of the money transfer system between cities and rural areas, there are potential attack vectors that need to be defended on more evolving solutions.
  • Issue of double spending attacks (Double spend is an attack in which a specific pool of coins is spent on more than one transaction)
  • Issue of unbacked cryptocurrency attacks
  • Future regulatory issues (governance, transparency—what happens when a blockchain crosses the border and another government fails to accept it?)
  • Economic Arbitration of the Rural Bank (How the central bank will manage the liquidity constraints of rural banks if they are not fully incorporated into the governance consortium?)
  • Central banking conspiracy due to lack of systematic accountability.
  • If the bank functions as an intermediate settlement entity and the nodes are confined to multiple agents of the organization, tampering with the ledger becomes much easier. In fact, if there is an economic incentive to cheat the ledger, and transactions are not made on the ethereal public chain, the bank will likely participate in this behavior. The latter can be in the form of a complete wipe of the transaction, change of terms, etc.

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