With the help of UACB, Ukraine’s success can be supported by cryptocurrency and your money is guaranteed to be returned.
The UACB crypto token, backed by government war bonds, has appeared in Ukraine. It was released by the ICU financial group along with EVOL.TECH, the ICU press service announced on Thursday, June 16th.
It was noted that the token will allow investors to invest cryptocurrency in UACB, which, thanks to the provision of military bonds, has a state guarantee of return of funds.
“With the help of UACB, Ukraine’s success can be supported by cryptocurrencies and a guaranteed return of your money. Since all settlements are made in USDT pegged to the dollar, UACB also allows you to avoid monetary risk in the face of exchange rate uncertainty, “explains ICU Deputy Director Evgenia Grishchenko.
The organizers made the first issue of cryptobonds small to test the interest of a new category of investors in public debt and unlock the potential of the law on virtual assets.
UACB settlements are made with stablecoin Tether (USDT), a cryptocurrency pegged to the dollar. After the government pays off the bonds, UACB can be returned to investable USDT. The UACB buyback is scheduled for November 2022.
Recall that in May it was reported that the Ministry of Finance placed military bonds for 12.6 billion UAH 546 million was attracted from the placement of short-term hryvnia 3-month bonds at 9.5% per annum.
It was also reported that the Cabinet had doubled the term of war bonds.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.