Recently, Sino-US trade dispute has become the focus of world. The business behavior of both sides faces the risk of rising to political issues. The Sino-US trade dispute is actually a contest between two economic groups for the right to speak in the world. Compared with the size of the economy, China is slightly deficient in financial technology and experience. Finance is the top priority of a country, and getting rid of the dollar settlement system and reducing the risks brought by excessive issuance of dollars have become the goals of many countries.
Gold is widely recognized as a precious metal in the world, and its functions of money has anti-inflation and excellent hedging function. Gold has the advantages of stable price and universal popularity. However, it also has the disadvantages of not being convenient enough to carry and trade, not being easy to divide the size at will, and not being convenient to cash.
Legal tender as currency has the characteristics of supporting double offline payment, multi-terminal selection, point-to-point delivery, high traceability and multi-information intensity. The chief disadvantage of legal tender is that it can’t be used in the world. Influenced by the political and economic situation at home and abroad, the currency value fluctuates greatly. Nowadays, there is no country in the world that does not overdraw national credit to increase currency circulation.
Digital currencies represented by Bitcoin have the advantages of decentralization, anonymity, and autonomy, but face the disadvantage of not being recognized by the mainstream.
To address the respective shortcomings of existing currencies, ACU Digital Limited (hereinafter referred to as ADL) combines the latest financial technology with blockchain technology to launch the ACUG token project, which brings revolutionary changes to the ancient stable coin, gold, in a technology-enabled way.
By anchoring with physical gold, ACUG has the characteristics of worldwide circulation, thus improving the flexibility and convenience of gold as an asset allocation. As digital gold, ACUG can realize global 24-hour transnational transactions and can be withdrawn at any time in the form of physical gold, thus avoiding the inconvenience of carrying and keeping physical gold. ACUG supported by blockchain technology has the advantages of anonymity and decentralization. Personal assets will not be affected by the policies or situations of a certain country, and will be held in the hands of individuals by means of digital secret keys.
Through the creative combination of gold and blockchain technology, ACUG explores a new direction for the future development of currency, and individuals no longer have to pay for inflation and international disputes.