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
“AI’s Double-Edged Sword: Gopalakrishnan Arjunan Highlights Rising Security Risks and Ethical Challenges
Artificial Intelligence (AI) is reshaping our world, but its rapid growth brings significant security concerns. From cyber threats to ethical dilemmas, AI’s potential for harm rivals its benefits.
Gopalakrishnan Arjunan: A Visionary Voice in AI and Security
Gopalakrishnan Arjunan, a distinguished expert in AI and Machine Learning (ML) engineering with a deep understanding of digital industries, provides valuable insights into these pressing issues. With a career dedicated to advancing technology while addressing its risks, he has become a trusted authority on AI’s transformative power and its vulnerabilities. In his words, “AI’s rapid advancement is a double-
Key Risks:
- Cybersecurity Breaches:
AI is both a defender and a weapon. Hackers use AI to enhance phishing attacks and create malware, while AI tools defend against intrusions. In 2023, global losses from AI-enhanced cyberattacks reached $6 trillion (Source: Cybersecurity Ventures).
2.Deepfakes and Misinformation:
Deepfake videos and AI-generated content blur reality. In 2024, over 70% of misinformation online is predicted to originate from AI systems (Source: Pew Research).
3.Autonomous Systems in Warfare:
AI-powered autonomous weapons raise ethical and operational challenges. The UN warns of the risk of escalating conflicts through autonomous military systems.
4.Privacy Concerns:
AI-driven surveillance tools can overreach, threatening individual freedoms. In 2023, 25% of countries reported misuse of AI in mass surveillance programs.
Data Insights:
- Projected Global AI Security Market: Expected to grow to $190 billion by 2030 (Source: MarketsandMarkets).
- AI-Driven Cyberattacks Growth: Increased by 20% annually over the past five years.
The Path Forward
To mitigate these risks, the global community must adopt robust AI regulations, enhance transparency in AI algorithms, and invest in ethical AI research. Responsible AI is essential to harness its potential while safeguarding security and privacy.
Contact details
1. Company name: : Gopalakrishnan Arjunan
2. Website link: https://www.instagram.com/gopalk_arjunan
3. Contact Email: gopalakrishnan.a02@aiandml.in
4. Country: India
5. City: Bangalore
6. Contact person name : : Gopalakrishnan Arjunan
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.
Australia, 23rd Dec 2024, – Emergency Dentist Perth announces the availability of rapid and reliable dental care services for residents of Perth. Located in Yokine, the clinic is designed to cater to patients requiring immediate attention for dental emergencies, providing essential services that address a range of urgent oral health issues. Operating seven days a week, including after-hours availability, the clinic offers a dependable solution for those in need of urgent dental treatment.
The importance of prompt care during a dental emergency cannot be overstated. Issues such as severe pain, chipped or broken teeth, infections, and the need for extractions often demand immediate intervention to prevent further complications. Emergency Dentist Perth is dedicated to meeting these needs efficiently and effectively, ensuring patient comfort and care remain priorities.
“Dental emergencies can be incredibly distressing, and timely care is critical in preventing more severe complications,” said Dr. Anand Ponnusamy, Principal Dentist at Emergency Dentist Perth. “Our focus is on delivering high-quality emergency care that alleviates pain, addresses urgent dental issues, and restores oral health as quickly as possible. By being available outside standard hours, Emergency Dentist Perth serves as an essential resource for the community.”
The facility is prepared to address dental emergencies, offering services ranging from acute pain management to procedures such as emergency extractions. Staffed by skilled dental professionals, the clinic is designed to ensure patients receive timely care without the prolonged wait times often associated with traditional dental appointments. Emergency Dentist Perth adopts an approach that addresses the specific needs of patients, acknowledging the urgency and challenges that can arise during dental emergencies.
In addition to providing immediate relief, the clinic prioritises education and prevention. Patients are guided on follow-up care and maintenance to reduce the risk of future dental emergencies. The combination of experience, a focus on patient needs, and service accessibility highlights Emergency Dentist Perth’s role in addressing dental emergencies effectively.
Looking ahead, Emergency Dentist Perth plans to continue expanding its services to ensure even greater accessibility to emergency dental care. The clinic’s vision includes incorporating advanced technology to enhance treatment outcomes and streamline processes, enabling faster diagnosis and care delivery.
“As the demand for reliable emergency dental services continues to grow, it is essential to adapt and innovate to meet these needs,” added Dr. Ponnusamy. “The future holds opportunities for integrating new technologies and techniques, which will allow us to provide even more efficient and effective care for our patients. The clinic aims to remain a reliable partner in oral health for the Perth community.”
Emergency Dentist Perth’s central location at Shop 6/201 Flinders Street, Yokine, ensures accessibility for residents across Perth. The clinic provides services to support individuals and families dealing with urgent dental needs, ensuring accessible and timely care for the community. The commitment to patient care and the availability of comprehensive emergency services underscore the clinic’s role in supporting the oral health needs of the community.
For more information about emergency dental Perth or to access emergency dental services, contact Emergency Dentist Perth at (08) 6119 9605 or via email at info@emergencydentistperth.com.au.
Media Contact
Organization: Emergency Dentist Perth
Contact
Person: Dr. Anand Ponnusamy
Website:
https://emergencydentistperth.com.au/
Email:
info@emergencydentistperth.com.au
Contact Number: 61861199605
Address:Shop 6/201 Flinders Street
Address 2: Yokine WA 6060
Country:Australia
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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.
Australia, 23rd Dec 2024, – Treendale Pet Medical is dedicated to delivering dependable and compassionate veterinary care to the local community, offering a comprehensive range of services that cater to the diverse health needs of pets. Located at 109 The Blvd, the practice has established itself as a trusted resource for pet owners seeking professional and attentive care for their beloved animals.
Treendale Pet Medical offers a range of veterinary services, including health consultations, surgical procedures, dental treatments, and diagnostic tests. These services aim to address the various health needs of pets in the community. This holistic approach ensures that pets receive the highest standard of care in every stage of their lives. The facility is equipped with modern technology, allowing for accurate diagnoses and effective treatments tailored to individual patient needs.
Dr. Rob Hill, an experienced veterinarian and skilled surgeon at Treendale Pet Medical, emphasised the importance of the clinic’s commitment to reliability and compassion. “Pet owners in Australind deserve a veterinary service they can count on to prioritise their pets’ well-being,” said Dr. Hill. “Treendale Pet Medical is committed to delivering expert medical care in a supportive and understanding environment.”
The clinic’s team of veterinarians and support staff combines years of experience with a strong commitment to animal care. Each team member is committed to staying current with advancements in veterinary medicine through ongoing education and training. This dedication enables Treendale Pet Medical to offer innovative solutions for complex medical and surgical cases.
In addition to addressing acute medical issues, Preventive care is a key focus at Treendale Pet Medical, with regular assessments and wellness practices integrated into its services. Regular health assessments, vaccinations, and nutritional guidance are integral parts of the practice’s offerings, aimed at maintaining pets’ overall health and preventing potential illnesses. The clinic’s advanced diagnostics, including imaging and laboratory testing, play a critical role in early detection and management of health concerns.
Looking to the future, Treendale Pet Medical plans to introduce advanced diagnostic tools, expand specialist referral networks, and develop targeted wellness programs to address the evolving needs of pets in the community. Plans include integrating additional cutting-edge technologies and exploring partnerships with specialists to ensure that every pet receives the most comprehensive care possible.
“The landscape of veterinary medicine is constantly evolving, and it is crucial to remain ahead of the curve,” added Dr. Hill. “Treendale Pet Medical will continue enhancing its services to support the health and well-being of pets in Australind and surrounding areas.”
Treendale Pet Medical is conveniently located to serve the Australind community and beyond. The clinic’s focus on transparent communication and a personalised approach to care is reflected in the positive feedback from pet owners and their continued reliance on its services for routine and emergency veterinary needs.
For inquiries about Australind Vet, contact Treendale Pet Medical at +61 8 9796 1388 or via email at reception@treendalevet.com.au.
Media Contact
Organization: Treendale Pet Medical
Contact
Person: Dr Rob Hill
Email:
reception@treendalevet.com.au
Contact Number: 61897961388
Address:109 The Blvd
Address 2: Australind WA 6233
Country:Australia
The post Treendale Pet Medical Provides Trusted and Reliable Veterinary Care in Australind appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
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.
“AI’s Double-Edged Sword: Gopalakrishnan Arjunan Highlights Rising Security Risks and Ethical Challenges
Treendale Pet Medical Provides Trusted and Reliable Veterinary Care in Australind
Emergency Dentist Perth Provides Rapid and Reliable Emergency Dental Care
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