Issuing USD1 from USD

All USD1 is issued against USD deposited by clients into a tier 1 global bank custody account. These deposits are subject to KYC/AML compliance approval by an independent, regulated fund administrator. Once confirmation of these deposits is received by the regulated asset management company in charge of the backing fund, the asset management company then instructs the regulated broker/dealer company to "mint" and transfer USD1 to the clients against the deposits:

USD1 Limited has no access whatsoever to the USD deposited as backing collateral for USD1. These deposits cannot be used for any purpose other than the subsequent redemption of USD1, subject to strict enforcement under the Hong Kong SAR's financial regulatory laws.

If you are interested in having USD1 issued to your Ethereum blockchain address through this process, please contact admin@usd1.io.

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