Zytara, Prime Trust to Launch ZUSD stablecoin

Zytara is an asset platform that enables payments, custody, and settlement of alternative assets. This follows news earlier this month around Zytara's plan to a create digital banking platform and payment network for millennials, gen z gamers, and esports enthusiasts.

ZUSD will be a stablecoin created by Zytara Capital and issued by Prime Trust, a trust company that is also the regulated administrator for ZUSD. Each ZUSD will be 100% collateralised with a corresponding USD held with Prime Trust, redeemable through Prime Trust at a 1:1 ratio and subject to examinations by an independent accounting firm with reports that are made publicly available on a regular basis. ZUSD will initially launch on the Ethereum blockchain, followed by the DigitalBits blockchain.

• sending and receiving payments at any time using a digital stable dollar;
• a medium of exchange within the ecosystem of trading platforms; 
• a programmable dollar supported by fintech, esports and gaming companies, developers, and dApps.