Press Release
OneCash: Empowering the Asian Digital Community

While Bitcoin continues to lead the pack in terms of market capitalization, it in fact isn’t the most traded cryptocurrency. Currently, the crown of crypto trading volume belongs to a stablecoin named USDT. If Bitcoin and Ether epitomize the blockchain space, then stablecoins are the cornerstone and future of the crypto world.
As of August 2021, according to CoinMarketCap data, stablecoins took up 3 and 2 seats within the top 10 daily trading volume and market capitalization, respectively. More specifically, USDT’s daily trading volume was $90 billion, 2.6 times the daily trading volume of Bitcoin and 3.5 times that of Ether. Despite the enormous trading volume, USDT dwarfed in market capitalization when compared to BTC and Ether, representing only 1/13 the size of Bitcoin and 1/6 of Ether. Therefore stablecoins like USDT have witnessed very high demand from trading activities, which pushed the price of USDT above $1 (inherent price of USDT) for an extended period. To prevent structural premium relative to USD, Tether, the issuer of USDT, is often compelled to increase the supply of USDT to negate the effects of increased demand.
The market demand for stablecoins is self-evident, and an increasing number of players are aiming to fulfill the supply side. Many efforts have been made in creating the ideal stablecoin. But, for the time being, no stablecoin is perfect. The Existing selection of stablecoins invariably possesses certain caveats, which have given crypto investors the short end of the stick. For instance, some stablecoins lack transparency for their stablecoin reserves, others are unable to fulfill their redemption commitments. Even the extreme case of rug-pulling isn’t an uncommon practice. Crypto investors are hence in dire need of a stablecoin that is truly stable, secure, and reliable.
OneCash is a stablecoin centered global financial technology platform that emphasizes compliance, security, and efficiency. OneCash envisions the world of fiat and cryptos would integrate seamlessly, and endeavor to create a world where cross-border trades can be effectively settled at low or no cost.
OneCash recently launched Round Dollar, a stablecoin that might just be the solution to the aforementioned concerns.
Pegged to a basket of major Asian currencies (CNH, JPY, HKD), Round Dollar is a revolutionary synthetic asset allowing users to hedge against the volatility of cryptocurrencies, fiat currencies and dollar stablecoins (USDT, USDC). Its governing principle can be simplified into a formula where 1 Round Dollar = 47 CNH + 550 JPY + 25 HKD. Users may obtain Round Dollar via various channels, such as the OneCash Wallet application, centralized exchanges (Poloniex) and decentralized swaps (JustSwap).


How does Round Dollar fare against other stablecoins?
More Stable and Efficient
The key function of a stablecoin is as literal as the word “stable” in its name. However, achieving stability is not an easy feat due to factors such as global capital flow and government policies regarding reserve handling and safekeeping. Round Dollar is designed to optimize stability and provide holistic protection for its users.
In an environment where the majority stablecoins took the most straightforward path by pegging themselves to the US dollar, OneCash chose to peg Round Dollar to a basket of Asian currencies to target underserved Asian population and unlock the untapped growth potential. In other words, while most stablecoin issuers sought convenience and quick return, OneCash, on the contrary, chose to pursue our vision of empowerment and growing together with our community. More importantly, the composition of the Round Dollar basket can effectively hedge against the depreciation of the US dollar and linked currencies. In other words, other than nominal value stability, Round Dollar is endowed with exceptional real value stability.
It’s also worth noting that Round Dollar is launched using the TRC20 protocol, where the greater part ($33 billion) of USDT is circulating. TRC20 is selected for its high processing speed and reliability, which can in turn offers users a seamless experience and peace of mind.
More Compliant and Secure
There are two predominant types of stablecoins, namely decentralized stablecoins and centralized stablecoins.
The strength of decentralized stablecoins lies in its open and transparent nature, which offers no room for under-the-table maneuvers (e.g. over-issuance). This open and transparent nature has caused decentralized stablecoins to become well-received with use-case scenarios such as Web 3.0, metaverse, Defi, and more. However, decentralized stablecoin is not without its disadvantages. Because no one specific party can conduct identity verification and monitoring, there have been cases where decentralized stablecoins were abused for inappropriate purposes. Conversion to fiat currencies has since then become more challenging.
Centralized stablecoin, on the other hand, possesses strength in that suspicious activities can be readily detected and treated with the appropriate response. Regulators and institutions hence see it in a more favorable light. Centralized stablecoin is however, less transparent and relies heavily on the element of trust.
Round Dollar is a stablecoin that aims to achieve the best of both worlds. Issued by OneCash and monitored by independent trusts, audit, and law firms, Round Dollar is designed to achieve the most stringent compliance standards. This provides assurance that Round Dollar could always exchange to fiat with no hassle. Moreover, seven layers of checks and controls have been implemented to increase the Round Dollar’s transparency and accountability.
- 1st layer: issuance and distribution structure needs to be approved by OneCash partner law firm to ensure compliance;
- 2nd layer: all smart contracts are required to pass the security audit of Slowmist before implementation;
- 3rd layer: client assets are all placed in the custody of independent third-party OKLink Trust and reserve balances are available to public scrutiny real-time;
- 4th layer: transaction assessments are conducted by independent third-party accounting firms on a monthly basis;
- 5th layer: name screening is conducted against the Dow Jones database to ensure compliance with local and international anti-money laundering and counter-terrorism financing (AML/CFT) regulations;
- 6th layer: all users are required to pass a bank account authentication test to establish a compliant and reliable crypto-fiat channel;
- 7th layer: on-chain anti-money laundering is conducted against peckshield database on a per transaction basis, preventing the flow of funds into high-risk addresses (e.g. dark web market, sanctioned addresses) and ensuring the functionality of client account;

What are the use-cases for Round Dollar?
In the era of Web 3.0, Round Dollar can become an effective means of exchange of value within as well as between the virtual and real-world economy.
On-chain transactions – With the popularization of the metaverse concept, hundreds of millions of virtual characters would bring about the next evolution of human society. Production and consumption (e.g. purchase skin, equipment, concert tickets) within this society will require a governing economic system and medium of exchange to function. Round Dollar is a good candidate for adoption in this scenario. Users could consume and produce within the metaverse through Round Dollar. Whenever required, users could then exchange Round Dollar into their desired fiat currency in the real world via OneCash Wallet application.
Decentralized Finance – Round Dollar can also be adopted as an effective denomination in the Defi space due to its unique ability to maintain real value stability.
Trade Settlement – Round dollar can mitigate foreign exchange rate risk for both importers and exporters by avoiding redundant intermediaries to increase the efficiency of cross-border trade and payments.

Round Dollar was listed on Poloniex on August 19, 2021 at 12:00 (Hong Kong time), available as RD/USDT trading pair. Getting listed on Poloniex is just the beginning. OneCash shall continue in its endeavor to create a world where fiat and cryptos could unite as one.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
The “ Finest Cultural Gifts from China ” Cultural and Tourism Trade Promotion Activity (Intangible Cultural Heritage and Time-Honored Brands Special ) was held in Kaifeng.
On October 31, the “Finest Gifts from China” Cultural and Tourism Trade Promotion Activity (Intangible Cultural Heritage and Time-Honored Brands Special Session) was held in Kaifeng, Henan. The event adopted an integrated online and offline format, combining exhibition, performance, sales, and interactive experiences. Through domestic and international platforms, it featured live broadcasts with images and videos, reaching a total audience of nearly 900,000, including 510,000 overseas viewers.

Photo courtesy of the event organizer.
The event was hosted by the Culture and Tourism Department of Henan Province and organized by the National Cultural Export Base, Cultural, Technological and Innovation Park, Administration of Kaifeng Area of China (Henan) Pilot Free Trade Zone, the Culture, Radio, Television and Tourism Bureau of Kaifeng , the Kaifeng Municipal Bureau of Commerce, China Tourism News, and CCMG Cultural Creative Development Co., Ltd.(Beijing), with support from the National Base for International Cultural Trade Cooperation Alliance.
The event focused on showcasing and promoting a selection of high-quality intangible cultural heritage and time-honored brand products and services that embody the essence of Eastern aesthetics, integrate modern design concepts, and meet international market demand. It also introduced inbound tourism routes and consumption services featuring intangible cultural heritage and time-honored brands to global audiences , vividly telling Chinese stories, demonstrating Chinese craftsmanship, and sharing Chinese lifestyle aesthetics. The event aimed to promote the high quality development of international cultural trade, strengthen cultural trade platforms, and advance the globalization of China’s cultural industry.
A total of 306 enterprises submitted products, services, and tourism routes for participation. Among them, 161 representative projects with both profound cultural heritage and strong international market potential were carefully selected and compiled into a promotional handbook.
Additionally, a “Song Dynasty Elegance” lifestyle market was set up, recreating scenes of Song-style aesthetic living through an integrated model of exhibition, performance, sales, and interactive experiences. Intangible cultural heritage and time-honored brands from 26 provinces across China participated, with a total of 256 booths, fully demonstrating the market appeal of heritage brands and the broad scope of cultural exchange.


“Song Dynasty Elegance” Lifestyle Market – Photo courtesy of the organizer
At the event, six intangible cultural heritage and time-honored brand enterprises conducted product roadshows, showcasing items such as Henan’s century-old Baiji Peanut Cake, Ningxia’s intangible heritage hemp weaving, and Beijing’s Kalim Tea. Three related organizations promoted inbound tourism routes, including Kaifeng-themed intangible cultural heritage tours and the Jianye Movie Town itinerary.
During the discussion session, four industry experts focused on key topics such as intangible cultural heritage preservation and innovation, cultural export strategies, and legal risk prevention. They provided in-depth insights combining theoretical perspectives with practical value, laying a solid foundation for the healthy development of cultural and tourism trade.

Promotion of Henan’s Century-Old Baiji Peanut Cake. Photo courtesy of the organizer.

Promotion of Ningxia Intangible Heritage Hemp Weaving – Photo courtesy of the organizer

Henan Weiqi Promotion – Photo courtesy of the organizer

Promotion of Kaifeng Inbound Tourism Intangible Cultural Heritage-Themed Routes Photo courtesy of the organizer.
Nearly 300 participants attended the event, including officials from cultural, tourism, and commerce departments across more than 20 provinces (autonomous regions and municipalities), representatives from intangible cultural heritage and time-honored brand enterprises, cultural trade companies, as well as experts, scholars, and media personnel.

Event Site – Photo courtesy of the organizer
The “Finest Gifts from China” Cultural and Tourism Trade Promotion Activity integrates domestic and international, online and offline resources to showcase, promote, and trade a selection of high-quality cultural and tourism products with distinctive Chinese characteristics and style that are popular in international markets. The event provides a platform for exchanges and cooperation between Chinese and foreign enterprises, promoting the expansion and optimization of cultural trade, while enhancing the international competitiveness and recognition of Chinese companies and brands.
Prior to this, the “Finest Gifts from China” Cultural and Tourism Trade Promotion Activity has held 15 special sessions, with growing attention and participation both domestically and internationally, steadily advancing the development of cultural trade.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
CGTN: How China, ROK leaders open new prospects for ties at Gyeongju meeting
Following a face-to-face meeting between Chinese President Xi Jinping and ROK President Lee Jae-myung in Gyeongju, CGTN published an article highlighting how head-of-state diplomacy sets a new course for China–ROK relations and how the two countries can strengthen strategic communication, deepen cooperation, and promote mutual understanding for the benefits of both peoples and regional peace and development.
Just after dawn in Jeju, the Republic of Korea (ROK), crates of fresh produce are loaded onto a vessel bound for Qingdao in east China.
Launched on October 16, the Qingdao-Jeju container line is Jeju’s first regular international shipping route. Thanks to this route, a journey that once took two weeks can now be completed overnight.
More than just a faster trade link, it signifies a renewed rhythm in China-ROK cooperation. Two weeks later, on November 1, that momentum found its political echo when Chinese President Xi Jinping and ROK President Lee Jae-myung met in Gyeongju, ROK, to chart the next stage of bilateral ties.
At the meeting, President Xi described China and the ROK as “important close neighbors that cannot be moved away and cooperation partners that cannot be separated.” He stressed that “promoting the sound and steady development of China-ROK relations is always a right choice that serves the fundamental interests of the two peoples and conforms to the trend of the times.” Xi’s words set the tone for a relationship that, though tested by changes, continues to move forward with mutual respect and mutual benefit.
‘Important close neighbors that cannot be moved away‘
During the meeting, President Xi called for strengthening strategic communication and consolidating the foundation of mutual trust, urging both sides to respect each other’s social systems and development paths while properly handling differences through friendly consultations. He also emphasized joint efforts to uphold true multilateralism and promote a fairer global governance system.
High-level exchanges have warmed up in recent months. In August, President Lee sent a special delegation led by former National Assembly Speaker Park Byeong-seug to China for a four-day visit, carrying a personal letter from the ROK president with a clear message: to put bilateral relations back on a stable and constructive track. In September, National Assembly Speaker Woo Won-shik attended events marking the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War in Beijing, followed by Foreign Minister Cho Hyun’s first official visit in his current role, signaling Seoul’s commitment to dialogue and renewed trust.
Niu Xiaoping, assistant research fellow at the Shanghai Institutes for International Studies, sees the Gyeongju meeting as more than a routine encounter. Niu said President Xi’s visit played “a bridging and guiding role,” helping China and the ROK “recalibrate and define a new positioning” for their partnership.
‘Cooperation partners that cannot be separated’
Economic ties have long been the backbone of the relationship. China has been the ROK’s largest trading partner for 21 consecutive years, while the ROK has regained its position as China’s second-largest trading partner. In 2024, bilateral trade reached $328.08 billion, up 5.6 percent year on year.
President Xi called for accelerating the second phase of the China-ROK Free Trade Agreement and tapping the cooperation potential in emerging fields such as AI, biomedicine, green industries and the silver economy.
“To help one’s neighbor succeed is to help oneself,” said Xi. Lee, for his part, stressed that economic cooperation between the two countries is “vital and indispensable” when answering a question from a CMG reporter.
President Xi also highlighted the importance of better communicating with the media and the general public, sending more positive messages and checking tendencies that may harm the relationship.
This emphasis on public perception has found concrete expression in people-to-people exchanges. Since China introduced visa-free entry for ROK visitors last November, and the ROK followed with a temporary visa exemption for Chinese group tourists this fall, travel between the two nations has surged. People from the ROK made near 2 million trips to China from January to August this year, a 40-percent increase year on year.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
CGTN: How China, ROK leaders open new prospects for ties at Gyeongju meeting
Following a face-to-face meeting between Chinese President Xi Jinping and ROK President Lee Jae-myung in Gyeongju, CGTN published an article highlighting how head-of-state diplomacy sets a new course for China–ROK relations and how the two countries can strengthen strategic communication, deepen cooperation, and promote mutual understanding for the benefits of both peoples and regional peace and development.
Just after dawn in Jeju, the Republic of Korea (ROK), crates of fresh produce are loaded onto a vessel bound for Qingdao in east China.
Launched on October 16, the Qingdao-Jeju container line is Jeju’s first regular international shipping route. Thanks to this route, a journey that once took two weeks can now be completed overnight.
More than just a faster trade link, it signifies a renewed rhythm in China-ROK cooperation. Two weeks later, on November 1, that momentum found its political echo when Chinese President Xi Jinping and ROK President Lee Jae-myung met in Gyeongju, ROK, to chart the next stage of bilateral ties.
At the meeting, President Xi described China and the ROK as “important close neighbors that cannot be moved away and cooperation partners that cannot be separated.” He stressed that “promoting the sound and steady development of China-ROK relations is always a right choice that serves the fundamental interests of the two peoples and conforms to the trend of the times.” Xi’s words set the tone for a relationship that, though tested by changes, continues to move forward with mutual respect and mutual benefit.
‘Important close neighbors that cannot be moved away‘
During the meeting, President Xi called for strengthening strategic communication and consolidating the foundation of mutual trust, urging both sides to respect each other’s social systems and development paths while properly handling differences through friendly consultations. He also emphasized joint efforts to uphold true multilateralism and promote a fairer global governance system.
High-level exchanges have warmed up in recent months. In August, President Lee sent a special delegation led by former National Assembly Speaker Park Byeong-seug to China for a four-day visit, carrying a personal letter from the ROK president with a clear message: to put bilateral relations back on a stable and constructive track. In September, National Assembly Speaker Woo Won-shik attended events marking the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War in Beijing, followed by Foreign Minister Cho Hyun’s first official visit in his current role, signaling Seoul’s commitment to dialogue and renewed trust.
Niu Xiaoping, assistant research fellow at the Shanghai Institutes for International Studies, sees the Gyeongju meeting as more than a routine encounter. Niu said President Xi’s visit played “a bridging and guiding role,” helping China and the ROK “recalibrate and define a new positioning” for their partnership.
‘Cooperation partners that cannot be separated’
Economic ties have long been the backbone of the relationship. China has been the ROK’s largest trading partner for 21 consecutive years, while the ROK has regained its position as China’s second-largest trading partner. In 2024, bilateral trade reached $328.08 billion, up 5.6 percent year on year.
President Xi called for accelerating the second phase of the China-ROK Free Trade Agreement and tapping the cooperation potential in emerging fields such as AI, biomedicine, green industries and the silver economy.
“To help one’s neighbor succeed is to help oneself,” said Xi. Lee, for his part, stressed that economic cooperation between the two countries is “vital and indispensable” when answering a question from a CMG reporter.
President Xi also highlighted the importance of better communicating with the media and the general public, sending more positive messages and checking tendencies that may harm the relationship.
This emphasis on public perception has found concrete expression in people-to-people exchanges. Since China introduced visa-free entry for ROK visitors last November, and the ROK followed with a temporary visa exemption for Chinese group tourists this fall, travel between the two nations has surged. People from the ROK made near 2 million trips to China from January to August this year, a 40-percent increase year on year.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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