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.
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