The freshly minted Unitary Status Dollar eCoin, or USDe, launched one week ago. Despite some early hiccups, the new cryptocurrency is said to be gaining much popularity early on.
Like most digital currencies, USDe’s stated goals are to provide an alternative to currency that is not susceptible to government interference or manipulation and does not allow banks to gain the upper hand on the population.
Specifically, the creators view banking institutions as having an unlimited licence to create money with the “stroke of button”, devaluing a currency, enriching the top 0.1% of income earners and leaving nations in a perpetual state of debt. The goal is for USDe to become a “fair currency” that can penetrate and educate the average household.
How the OKEx Saga Reveals the Need for Decentralized ExchangesGo to article >>
It intends to stand out from other digital currencies by not just serving as an alternative or more technologically advanced currency, but rather to plant seeds of doubt in everyone’s minds about established monetary systems. In addition, the community’s commitment and honesty, the currency’s “universal name recognition” and larger public interest make USDe unique from “name-your-favorite-fictional-character-type” coins.
It got off to a rocky start when one of the mining pools had to be “bailed out” after incurring a negative balance of 600k USDE due to bugs in the system. Since this and other minor issues have been resolved, the community is proud to say that the cryptocurrency is quickly finding favor with the public and was even accepted to an exchange within 25 hours of launch.
It is currently trading on Coinmarket.io. One USDE can buy 1.38 μBTC (0.13¢).
In terms of reaching out to merchants or payment processors for its acceptance, the creators want to let the cryptocurrency first develop and mature.