The Sovereign Yidindji Government Has Issued CBDC

The Sovereign Yidindji Government has successfully issued its dollar using the identification-based MetaMUI blockchain. After about a year of intense collaboration, the team was able to release a fully functioning central bank digital currency (CBDC).

The Yidindji Dollar (SYD) is the first CBDC issued through the MetaMUI platform, which was issued only in digital currency without paper bills. The new payment system, which is connected to the MetaMUI service set identification system, will be used in every retail store and government agency. SYD is a convertible currency whose collateral assets consist of gold, silver and certain other minerals and natural resources.

The Sovereign Yidindji Government has already established a national identity system using MetaMUI technology. Thus, all citizens of a sovereign government, companies and organizations can create their own digital identity, which will also allow them to own various digital assets when making payments through the SYD.

Image: Medium