Why Use X8 Global Stablecoin System?
The X8 Global Stablecoin System is building in a regulatory compliant way from the ground up in Switzerland. It is for those who wish to transact in the digital world, achieve value preservation and participate in potential trading gains.
The system contains eight single X8 SDSC (Single Fiat Denominated Stable Coin) and one X8C GSC (Global Stable Coin) which is a global stablecoin instrument backed by a balanced currency basket of top 8 currencies.
Why use X8 SDSC
*SDSC – Single Fiat Denominated Stablecoin
Why use X8C GSC
GSC – Global Stablecoin
How the X8 Global Stablecoin System works?
Become a verified user
Enter a rule-based stablecoin use case environment via our advanced and automatic KYC and AML systems for Swiss compliant on-boarding.
Deposit your FIAT funds
Transfer SDSCs wallet-to-wallet
Move your assets or swap between SDSCs directly (wallet-to-wallet), benefiting from lower costs, faster transfers, and guaranteed redeemability.
Convert into X8C GSC
Each and every single fiat-denominated stablecoin may convert into the X8C GSC. The transfer is allocated proportionally to each 8 fiat currencies. A proprietary risk management system contributes to fight inflationary pressures.
Exit back from GSC to any SDSC.
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X8 operates out of Switzerland, a world leader in blockchain and crypto-finance regulation. The stable, highly regulated, yet innovation-friendly Swiss environment enables companies such as X8 who are pioneering the way the world interacts and transacts.
The X8 Stablecoin System is building a regulatory compliant solution for fiat in the digital space. Whilst currently offering regulated Swiss accessibility, it enables global access.
Payment Instrument with a +
Fast, economical & efficient global payment and transactions, delivering fixed 1:1 protection for SDSCs, and potential trading gain facilitation through X8C GSC
Protected Medium of Exchange
Stability with minimal liquidity risk.
Users get the protection of their entry/exit price for any single currency backed stablecoin version (X8 SDSCs). Price is always fixed at 1:1, meaning the prices of X8 SDSCs do not fluctuate as they would in other supply/demand driven solutions.
An AI system
An AI system within X8 will marginally trade the 8 fiat currencies to fight inflation, a unique benefit of the X8C GSC. The stability of the X8 Global Stablecoin System is managed by this AI proprietary risk management process which will monitor currency fluctuations and adjust the weighting of the currency portfolio backing X8 GSC. This is a world-first feature for any stablecoin
Swiss Regulated & Compliant
Developed to be fully compliant with the regulatory environment in Switzerland. Delivering worldwide access over time after ensuring full compliance in other jurisdictions.
The stability of the X8 Global Stablecoin System is managed by its proprietary risk management process which is designed to monitor currency fluctuations and adjust the weighting of the currency portfolio backing X8 GSC.
This is a world-first feature for any Stablecoin.
Users also get the benefit of the protection of their entry/exit price for any single currency backed stablecoin version (X8 SDSCs). Price is always fixed at 1:1, meaning the prices of X8 SDSCs do not fluctuate as they would in other supply/demand driven solutions.
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• Solves inefficiencies in current payment systems & takes payments to the new digital new economy
The FSB has recognized in multiple occasions the inefficiencies of payments in terms of high costs, low speed, limited access and insufficient transparency for end-users; highlighted that the challenges are particularly pronounced for individuals and small companies in the retail payment space; included in its roadmap an examination of the potential for stablecoins to improve on the inefficiencies.
• Introduces stablecoins regulated by design
The IMF has noted in its 2021 Financial Stability Report that, currently, no stablecoin arrangement meets the comprehensively regulated status and commented that an example of such a stablecoin would be one issued by a licenced bank, subject to comprehensive prudential, conduct, and governance requirements.
• Regulatory interaction with CBDC-based international payments
On the back of over 80 jurisdictions developing CBDCs, a report issued in July 2021 by the BIS, the IMF and the World Bank shows that the nature of the issues to analyse and resolve to implement a CBDC-based international payment system will require a longer timeline. Fully regulated, internationally operating, stablecoins could interact with national CBDCs to implement modern payments.