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Why BackD's stablecoins?

Non-USD backed, Non-USD pegged, Backed by BRICS currencies, Built for the multipolar world.
At BackD, we’re de-dollarizing the stablecoin industry and empowering emerging economies by

Empowering Financial Inclusion & Access

Boosting Liquidity &
Market Integration

Reducing USD
  Exposure & Capital Flight

Enabling Efficient
Transactions

Broadens access to digital assets & decentralized finance, enabling secure transactions for underserved communities.

Enhance liquidity of local currencies in the global investments & forex markets, driving trade, investment, and economic growth.

 Lowers reliance on the USD & US monetary policies, reducing volatility, capital flight & depreciation, and fostering economic stability and sovereignty.

Enables a seamless, low-cost, and real-time alternative to traditional cross-border remittance & domestic payment systems.

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Meet AEDD 

 

 Arab Emirates Dirham (AED)

 backed Payment Token.

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Embrace the robust stability and rapid growth of the United Arab Emirates economy with AEDD, our AED-backed stablecoin. AEDD offers a stable, reliable, and efficient medium of exchange in the digital asset space, meticulously backed 1:1 by AED reserves and high-quality liquid assets held within regulated UAE banks.

Developed in conformity with the "Payment Token Services Regulation" issued by the CBUAE and aligned with the forthcoming Fiat-Referenced Token framework by ADGM, AEDD is committed to full compliance with both regulatory bodies.

Are you an Exchange, Payment Gateway, Defi Platform or a Buisness looking to level up your digital asset services?

Integrate AEDD into your workflow to offer your users a fast, secure, and stable digital currency option. 

Meet Our Team

At BackD, our team is a dynamic group of innovators and experts from across the BRICS nations, united by a shared vision to redefine the global financial ecosystem.  Together, we strive to create secure, efficient, and accessible financial solutions that empower communities and promote a truly multipolar world.

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Suraj Chawla

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Founder

Physicist researcher turned Serial Entrepreneur 3x. He is also a 

Gold medalist, Innovation by former Indian President APJ Abdul Kalam

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Mudit Marda

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CEO

Mudit is 2x Web3 Founder, Blockchain Technology Specialist, Digital Assets Exponents, CS graduate from BITS Pilani 

FAQs

  • What are stablecoins and their different types?
    A stablecoin is a digital asset or a cryptocurrency token that is a fungible unit of financial value pegged to a currency, some other asset, or index. It can be traded directly between parties and converted to other currencies or the pegged asset. Stablecoins are designed to maintain a stable value against the asset they are pegged to. However, various design and implementation choices can be made to achieve this end goal of mirroring the financial value of the underpinning asset. They are broadly classified as Collateralised and Algorithmic based on how they are designed and operated to maintain their price stability.
  • How are BackD's stablecoins different?
    Unlike most stablecoins, BackD's stablecoins are not USD-pegged or USD-backed. They are backed by BRICS currencies, aiming to empower emerging economies and contribute to a more diversified and resilient global financial system.
  • What is BRICS?
    BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. Established in 2009, BRICS (formerly BRIC) was founded by Brazil, Russia, India, and China on the premise that international institutions were overly dominated by Western powers and had ceased to serve developing countries. The bloc has sought to coordinate its members’ economic and diplomatic policies, found new financial institutions, and reduce dependence on the U.S. dollar. In the last two decades thereafter, the BRICS group has become a major political force, surpassing the total GDP of G7 nations.
  • How does BackD ensure transparency?
    We prioritize transparency by conducting regular audits and publishing detailed reserve reports, allowing users to verify the backing of our stablecoins at any time.
  • How can I get involved with BackD?
    You can join our waitlist, subscribe for updates, or contact us for partnership opportunities. Stay tuned for product launches and announcements.
  • Which other stablecoins will be issued by BackD?
    BackD will issue stablecoins backed by all BRICS nation currencies, starting with the AED (UAE), and followed by INR (India) and RUB (Russia). Others will follow thereafter.

AS FEATURED ON

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Get in Touch

We would love to hear from you.
Drop us a note and we will get back to you at our earliest.

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On a Mission to Rebalance your Portfolio with BRICS-Backed Digital Wealth

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© 2024 by BackD

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