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.
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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
Bitcoin trading market fluctuates and adjusts, XBIT platform helps investors grasp the market pulse
On April 27, 2025, the global cryptocurrency market continued to fluctuate. After experiencing a strong rise in the previous period, the price of Bitcoin (BTC) has recently entered a period of adjustment. According to the latest data, the current price of BTC is about US$94,450, down about 0.66% from the previous trading day. Market analysts pointed out that the current Bitcoin trading market is affected by multiple factors, and investors need to pay close attention to market dynamics and reasonably adjust their investment strategies.
Twitter : @XBITDEX
Market analysis: Bitcoin market enters adjustment period
Recently, Bitcoin price has experienced a certain degree of correction after breaking through the $100,000 mark. Analysts pointed out that the current market sentiment tends to be cautious, and some investors choose to take profits, resulting in price fluctuations. In addition, macroeconomic factors such as expectations of US interest rate hikes and global inflationary pressures also have an impact on Bitcoin prices.
Although Bitcoin prices have adjusted in the short term, the market remains optimistic about Bitcoin’s prospects in the long run. Many institutions predict that by the end of 2025, the price of Bitcoin is expected to reach $200,000, mainly benefiting from the continued influx of institutional investors and the reduction in Bitcoin supply.
XBIT platform: Providing investors with a stable trading environment
Against the backdrop of increased market volatility, it is particularly important to choose a safe and stable trading platform. XBIT (dex Exchange) provides users with a reliable trading environment with its advanced technical architecture and strict security measures. The platform uses multiple encryption technologies to ensure the security of user assets and automates and makes transactions transparent through smart contracts.
Twitter : @XBITDEX
In addition, XBIT (dex Exchange) also provides rich market data and analysis tools to help users grasp the Bitcoin trading market in real time and make wise investment decisions. The platform’s user interface is simple and intuitive, supporting a variety of trading strategies to meet the needs of different investors.
It is worth mentioning that the XBIT platform also actively responds to market demand and continuously launches new features and services, such as leveraged trading, option trading, etc., which further enriches users’ trading options. The platform’s professional customer service team also provides users with 24-hour support to ensure that problems encountered by users during the transaction process can be solved in a timely manner.
Investment advice: look at market fluctuations rationally and formulate reasonable strategies
In the face of the current fluctuations in Bitcoin trading, investors should remain rational and avoid blindly following the trend. It is recommended that investors formulate reasonable investment strategies and diversify investment risks based on their own risk tolerance. At the same time, pay close attention to market dynamics and adjust investment portfolios in a timely manner to cope with market changes.
Twitter : @XBITDEX
In addition, choosing a reliable trading platform is also the key to ensure investment security. XBIT (dex Exchange) has become the first choice for many investors with its safe and stable trading environment and rich functions. In the future, the XBIT platform will continue to be committed to providing users with better services and helping investors to move forward steadily in the cryptocurrency market.
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
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.
United States, 26th Apr 2025, – Cloom Tech, a reputable company specializing in custom wire harnesses and cable assemblies, has expanded its service offering to include prototype cable assembly manufacturing. The new service is designed to assist industries such as automotive, robotics, medical devices, and aerospace by providing high-quality prototype cable assemblies that can be tested and refined before large-scale production. This move highlights the company’s commitment to supporting its clients throughout the entire product development cycle, ensuring that projects meet the necessary functional, technical, and performance requirements.
Ivy Zhao, Spokesperson for Cloom Tech, remarked, “The introduction of prototype cable assembly manufacturing is a natural progression for Cloom Tech. By offering this service, the company enables clients to test their designs and make necessary adjustments before proceeding with full-scale production. This service addresses the need for precision and reliability in industries that require high-performance cable assemblies, such as automotive, medical, and aerospace.”
Prototype cable assembly services play a crucial role in the development of new technologies and products. They allow businesses to identify any design flaws and refine their systems before committing to large-scale production. Prototypes provide an opportunity to evaluate the functionality and reliability of cable assemblies in real-world applications, ensuring that the final product meets the required specifications. For industries with complex and highly technical needs, this service provides critical support in verifying design concepts and mitigating potential risks early in the process.
Cloom Tech’s approach to prototype cable assembly manufacturing includes offering design support, where expert teams work closely with clients to ensure that their prototypes are optimized for both performance and durability. The company’s engineers assist in every step of the design process, ensuring that each assembly is capable of meeting the client’s specific requirements. This process allows businesses to make informed decisions about their designs, ultimately improving the final product and reducing the likelihood of costly errors during mass production.
“At the core of prototype manufacturing is the need for close collaboration between the client and the manufacturer,” Zhao continued. “By offering this service, Cloom Tech helps clients refine their designs, ensuring that the final cable assemblies are reliable and ready for production. The ability to test, adjust, and perfect designs is essential to achieving the desired outcomes for complex projects.”
The growing reliance on electronics in various industries has created a need for increasingly sophisticated cable assemblies. As electronic systems become more advanced, so too must the wiring solutions that support them. Prototype cable assemblies allow industries to test these evolving technologies in a controlled environment, ensuring that the final products are both efficient and durable. Cloom Tech’s expanded service offering reflects the growing demand for high-quality cable assemblies capable of performing under demanding conditions.
With expertise across multiple industries, Cloom Tech continues to provide tailored solutions for its clients, addressing the unique needs of each sector. Whether in automotive, robotics, or medical devices, the company’s custom cable assemblies are designed to meet the stringent performance and reliability requirements that these industries demand.
Looking forward, Cloom Tech plans to continue expanding its services to better support the evolving needs of its customers. As the demand for more complex and advanced systems grows, the company aims to further enhance its capabilities, ensuring that it can provide cutting-edge solutions to industries with increasingly sophisticated technical requirements.
Zhao concluded, “The future of cable assembly manufacturing will involve continuous adaptation to meet the needs of various industries. Cloom Tech is committed to expanding its services and providing clients with the tools and support they need to innovate. The introduction of prototype cable assembly manufacturing is just one of many steps toward ensuring that the company remains at the forefront of the industry, providing reliable and high-performance solutions for complex projects.”
For more information, Cloom Tech, a provider of Prototype Cable Assemblies, can be reached at +1 863 434 8447 or via email at sales@cloomtech.com. The company is located at 9251 NW 112th Ave, Medley, FL 33178, USA.
Media Contact
Organization: Cloom Tech
Contact
Person: Ivy Zhao
Website:
https://cloomtech.com/
Email:
sales@cloomtech.com
Contact Number: 18634348447
Address:9251 NW 112th Ave
Address 2: Medley, FL 33178
Country:United States
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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.
United States, 26th Apr 2025, – In today’s hyper-connected globe, connectivity is more critical than ever. Whether a global traveler, digital nomad, or enterprise requiring continuous IoT solutions, Eiotclub offers the intelligent connectivity required to succeed. Eiotclub serves as a single-source partner in exploring the world of eSIM and SIM card technology, providing a complete solution spectrum that makes connectivity an effortless experience.
Your Gateway to Seamless Connectivity
For Eiotclub, connectivity transcends mere signal strength; it encompasses the right signal quality, tailored plans, and exceptional support. This philosophy has driven the company to develop an extensive portfolio of specialized eSIMs and prepaid SIM cards designed to address diverse connectivity requirements across multiple scenarios. Whether customers need reliable connections for home routers with dedicated router SIM cards, continuous monitoring through security cameras, or seamless data access while traveling across more than 200 countries worldwide, Eiotclub delivers purpose-built solutions for every application. Their versatile product range ensures that regardless of the device or global location, customers can find the ideal connectivity solution tailored to their specific needs, including specialized options for router SIM card implementation in various IoT deployments.
Why Eiotclub?
Guaranteed Quality Eiotclub uses the best network providers to ensure their eSIMs and SIM cards offer fast and stable connections. They test their products extensively to ensure they meet the highest level of quality in performance and security.
Expertise & Guidance
At Eiotclub, their connectivity specialist team is dedicated to making expertise available and guiding customers through the decision-making process. The team is intimately familiar with the ins and outs of eSIM and SIM card technology and stands by the customer’s side.
100% Prepaid Solutions
All Eiotclub’s eSIMs and SIM cards operate on a prepaid basis, giving customers complete control over their expenses. This prepaid model eliminates the risk of bill shock or unexpected charges that often occur with postpaid plans. Customers can confidently use their connectivity solutions worldwide without worrying about receiving excessive bills.
Convenient Shopping
The Eiotclub site offers a secure and easy-to-use shopping experience. Customers can compare plans, shop products, and activate their eSIM or SIM card with just a few clicks.
Quick Shipping
Eiotclub offers fast and reliable shipping options so customers can get their SIM cards efficiently and quickly.
Dedicated Customer Care
The customer care team is available to assist with any problem or question customers may have. Eiotclub is committed to providing better support at every step of the connectivity process.
Value-Added Services
Eiotclub offers a range of value-added services, such as data monitoring, usage alerts, and customized billing solutions, to allow customers to manage their connectivity in the best possible way. All their plans are prepaid, eliminating the risk of unexpected charges and providing customers with complete control over spending.
The Eiotclub Difference: It’s Not Just Connectivity
Eiotclub doesn’t just sell eSIM and SIM cards. They are a connectivity success partner. The company is dedicated to the belief that everyone everywhere should be able to afford, depend on, and trust connectivity.
Learning about eSIM Technology
eSIMs (embedded SIMs) are revolutionizing the way people access mobile networks. In contrast to conventional SIM cards, eSIMs are built directly into devices, without needing physical SIM cards. This has numerous benefits, including:
●Convenience: Switch between different mobile networks in the blink of an eye without the need to physically switch SIM cards.
●Flexibility: Have multiple profiles on one device, ideal for travelers or for customers who have business and personal lines.
●Space Saving: eSIMs take up less space than traditional SIM cards, making devices thinner.
Discover The Product Range
●Travel eSIMs: Stay connected when abroad with affordable and easy-to-use travel eSIMs. Choose from various data plans to suit individual needs.
●IoT SIM Cards: Fuel intelligent devices with secure and trustworthy IoT SIM cards. Eiotclub has different data plans and connectivity for different IoT applications.
●Physical eSIM Card: For devices that do not support eSIM functionality, Eiotclub also provides physical eSIM cards, which provide exactly the same functionality as a standard eSIM.This innovative product provides the exact same benefits and functionality as a standard eSIM but comes in a physical card format. This means you can insert it into the regular SIM card slot of any mobile phone, even those without built-in eSIM capability, and still enjoy the advantages of a digital SIM.
Change The Way You Stay Connected Today!
Join the Eiotclub family and bring the future of connectivity into existence. Explore their library of eSIMs and SIM cards, and discover the perfect solution. From seamless travel connectivity to robust IoT solutions, Eiotclub offers it all.
Media Contact
Organization: Eiotclub
Contact
Person: Media Relations
Website:
https://www.eiotclub.com/
Email:
hannah.zhang@dxytech.com
Country:United States
The post Eiotclub: Smart IoT Solutions for a Connected World appeared first on
Brand News 24.
It is provided by a third-party content
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warranties or representations in connection with it.
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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