The Diamond Standard Carat, known as the "first fungible commodity currency," is now available globally and is currently being listed on Bitrue exchange.

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Backed by and traded as fungible commodities, Carats eliminate the disadvantages of Bitcoin, fiat, and stablecoins, now trading globallyNew York / Singapore, March 20, 2024 (GLOBE NEWSWIRE) -- Diamond Standard Co., developer of the world’s only regulated and market traded natural diamond commodities, announces Carats—a fungible digital commodity currency issued by real world Diamond Standard Coins and Bars, now listing on Bitrue.

Or return enough Carats to a Diamond Standard Coin or Bar to transact or take delivery of that physical commodity—without requesting permission, and without fees. Carats are equivalent to an investment in Diamond Standard commodities, that can be transacted on a blockchain.

"With our permissionless system, every owner of a commodity can create Carats, and Carats can’t exist unless a real Diamond Coin has been returned to the smart contract, which enables owners to check on their coins and audit them at any time.” he added.

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Article Details

Author / Journalist: Carats

Category: Technology

Markets: ChinaSingapore

Topics: Standard Networks Commodities Cryptocurrency Money Social Carats World Diamond Commodity Issued

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-21 @ 00:00:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 647 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 20482711

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