A white paper on a trading 'Unit' has been released. Blockchain ledger management. Not a crypto or stablecoin. 40% gold backing. unitfoundation.org for more. Here are definitions from the FAQ.
What is interesting is how the structure uses ALL currencies in the basket. Each currency, valued against gold, determines how much of your local currency is required to purchase a unit. Gold, in effect, already allows for this. As you print, more of your local currency is required to buy a fixed amount of gold. BTC has a role during this start-up phase. To stop this development, the US will have to destroy BTC. Watch this space. Pre-investment is available. Might make you an enemy of the state. Probably why EU countries and others are targeting an initial 4% of reserves in gold. Levelling the playing field. Has European backing. The Unit can be used as reserves. This will tie up 40% of world gold if required to be held as collateral. Re-pricing if used for international trade? Adoption possible as early as 2025.
