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
58Wealth’s User Satisfaction Reached Over 95% Last Year, Gaining Global Investor Trust
On February 13th, the latest internal survey report revealed that in 2024, the user satisfaction of the global leading intelligent wealth management platform 58Wealth exceeded 95%, showcasing excellent market reputation and widespread recognition from investors. With advanced AI technology, solid investment strategies, and exceptional customer service, 58Wealth is earning the trust of global investors, solidifying its leading position in the global financial market.
In the past year, 58Wealth achieved over $20 billion in revenue from fixed-income investments, becoming a core growth driver for the platform. This achievement not only demonstrates the platform’s competitiveness in the wealth management field but also further proves the efficiency and reliability of its intelligent advisory model. Its AI investment system uses deep learning and big data analysis to accurately predict market trends, making it stand out in the fierce fintech competition and becoming the top choice for many investors.
58Wealth adheres to a “customer-centric” service philosophy, offering 24/7 customer support to ensure that investors can receive professional assistance at any time. In addition, the platform is supported by an experienced team of financial advisors who provide personalized investment plans. Whether for conservative or aggressive investors, 58Wealth offers wealth management solutions tailored to meet their needs.
Furthermore, 58Wealth always operates in compliance with regulations, strictly adhering to U.S. financial regulatory laws and holding multiple financial licenses. The company is regularly reviewed by regulatory authorities to ensure that all investment products and operations meet industry standards. This strict focus on compliance not only enhances the platform’s security but also strengthens investors’ trust in 58Wealth.
In addition to continuous improvements in technology and service, 58Wealth has made breakthrough progress in expanding its global market. The platform is now covering markets in North America, Europe, and Asia, providing efficient, transparent, and low-cost intelligent wealth management services to millions of users. With its global layout and strong market influence, 58Wealth is reshaping the new landscape of the wealth management industry.
Looking ahead, 58Wealth will continue to deepen AI technology innovation, optimize its intelligent advisory system, and improve the accuracy and flexibility of investment strategies. Additionally, the company plans to launch more innovative investment products and further upgrade its customer service system to enhance responsiveness and professionalism, meeting the increasingly diversified and personalized needs of global investors.
With outstanding AI technology, solid investment strategies, and high-quality customer service, 58Wealth has successfully gained widespread trust from global investors. As the platform continues to advance technological innovation and global expansion strategies, its leadership position in investment management will be further strengthened, providing global users with a more efficient, secure, and intelligent investment experience.
Company Name: 58Wealth
Website: https://58Wealth.com
Region: Denver, USA
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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.
World’s largest hotel franchising company set records by awarding 286 contracts and opening 220 new hotels across Asia-Pacific, representing 9% Y-O-Y net room growth
Caption: Wyndham Hotels & Resorts opened 220 new hotels in Asia Pacific in 2024. Pictured, Wyndham Jomtien Pattaya, the first Wyndham® hotel in Pattaya.
Wyndham Hotels & Resorts, the world’s largest hotel franchising company with 25 brands and approximately 9,300 hotels, continued robust growth across Asia Pacific, unveiling today the region’s full-year results for 2024. Among the highlights: the Company awarded 286 contracts, opened 220 new hotels and registered 9% Y-O-Y net room growth, equivalent to approximately 19,000 rooms.
In 2024, the global travel market experienced a strong recovery, with the Asia-Pacific region becoming a key driver with a significant increase in market passenger traffic. Within the region, China effectively boosted the rapid recovery of the inbound tourism market by relaxing and help optimizing entry visa policies, injecting new vitality into the entire Asia-Pacific region. As of year-end 2024, Wyndham has over 1,870 open hotels across Asia Pacific. Wyndham’s commitment to growth in the region was further emphasized last month by a visit from Geoff Ballotti, President and CEO, Wyndham Hotels & Resorts.
During 17- 21 February 2025, Geoff visited four influential cities in the Asia-Pacific region—Shanghai, Taipei, Bangkok, and Singapore—where he participated in more than 20 project signing ceremonies and engaged in meetings with over 100 hotel owners from across the region.
Caption: Wyndham Hotels & Resorts President and CEO, Geoff Ballotti and Wyndham Hotels & Resorts Asia Pacific President, Joon Aun OOI, met with owners, hotel teams, partners and Wyndham APAC team members during the multi-day tour in the region.
“This year, we continued to witness robust growth in the tourism industry across Asia Pacific, positioning Wyndham to capitalize on the strong travel demand in the region. When you couple our commitment to growth with our ‘Owner First’ philosophy, we’re helping owners leverage the power of our brands to introduce new travel opportunities to guests—all while delivering on our mission of making hotel travel possible for all.”
– Joon Aun OOI, President, Asia Pacific, Wyndham Hotels & Resorts
Milestone Openings
In 2024, Wyndham saw an increase in the number of contracts awarded across Asia Pacific of nearly 30% compared to 2023. Among them, the Company signed over 250 hotels in the important market of China.
Key openings include:
Howard Johnson by Wyndham Pattaya JC ( Thailand )
Close to popular attractions like Pattaya Floating Market, Tiger Park and Nong Nooch Tropical Garden, the 193-room resort—Howard Johnson by Wyndham’s first in Thailand—offers travelers a tranquil retreat from the everyday. Rooms are modern in design featuring natural wood finishes, floor-to-ceiling windows with coastal views, as well as sitting areas and desk space for those mixing business and leisure travel. The hotel also offers pet friendly accommodations and more than 100 square meters of event space, offering travelers a relaxing getaway from urban life.
La Vie D’or Hotel and Resort, Trademark Collection by Wyndham ( South Korea )
Nestled in the picturesque city of Hwaseong-si, the 190-room hotel is Wyndham’s first Trademark Collection® hotel in South Korea. The lush area surrounding the resort provides breathtaking landscapes outside of the nearby bustling city life for business and leisure travelers. Spanning an impressive 330,000 square meters, the resort includes a nine-hole golf course, a fitness center, saunas, swimming pools and dining facilities that serve a diverse array of international cuisines crafted by talented local chefs.
Ramada by Wyndham Vientiane Central ( L aos )
The 110-room hotel is located in the city center and four kilometers from Wattay International Airport, which is reachable via an airport shuttle. Guests can enjoy the fitness center, outdoor pool, and rooftop restaurant during their stay. Surrounded by Vientiane’s famous attractions and bustling commercial areas like That Luang, and Vientiane Night Market Patuxai war monument (or Asian Arc de Triomphe), the hotel offers a perfect base for travelers to explore Laos’s history, culture, and urban convenience.
Wyndham Garden Hotel Xixi Hangzhou (Mainland China)
The 186-room hotel is located within a half-hour of the center of Hangzhou, adjacent to the prestigious Zhejiang University and Xixi National Wetland Park. With 1,500-square-meter flexible space, the hotel integrates large-scale conference and banquet venues, an elegant atrium, and luxurious guestrooms equipped with state-of-the-art amenities, helping provide a premium living experience for all guests.
Wyndham Garden Qionglai Downtown (Mainland China)
Promising an immersive stay in the heart of Linqiong Ancient City, the 88-room hotel marks the first Wyndham Garden hotel in Qionglai City. Boasting a unique design that seamlessly blends in with the rich history of the ancient city, guests can enjoy a comfortable stay while absorbing the sights of cascading waterfalls, well-preserved Ming and Qing dynasty architecture in Pingle Ancient Town and tour fascinating Qiongyao Archaeological Site Park.
Wyndham Jomtien Pattaya (Thailand)
Situated moments away from the picturesque shores of Jomtien Beach, this 630-room hotel marks the arrival of the brand’s largest property in Thailand to date and the first hotel under Wyndham Hotels & Resorts in Pattaya market. Located in Thailand’s emerging holiday destination, guests can enjoy the perfect beach getaway and explore vibrant attractions such as the Pattaya Floating Market, Tiger Park and Nong Nooch Tropical Garden.
The Wyndham Advantage
Growth across the Asia Pacific region builds on Wyndham’s mission of making hotel travel possible for all. With world-class operations, marketing, distribution, and other resources designed to put owners on the path to success, owners benefit from the Wyndham Advantage. Inclusive of more than $325 million in innovative technology investments over the past six years, owners have access to best-in-class technology from industry-leading providers, including next-gen property management systems, thus remaining competitive in the digital age.
Furthermore, Wyndham has consistently demonstrated a profound understanding of consumers’ diverse needs and preferences, launching a series of marketing campaigns aimed at enhancing guest satisfaction and brand reputation. In Mainland China, guests experienced the first global intellectual property (IP) collaboration with Kungfu Panda 4 in April, inclusive of hotel décor and special meet-and-greets. Subsequently, in August, Wyndham announced a brand-new partnership with Harley-Davidson, the most desirable motorcycle and lifestyle brand in the world. Through the collaboration, Harley Owners Group (H.O.G.) members can enjoy up to a 20% discount at over 500 participating Wyndham Hotels & Resorts properties in the Asia-Pacific region, which attracts more guests to enroll in the Wyndham Rewards. By leveraging such partnerships to expand its member base, Wyndham Rewards is making it a preferred choice among a growing number of travelers.
Other campaigns focused on key discounts and promotions, such as the Workcation and Festival Retreats, offer exclusive benefits to approximately 114 million Wyndham Rewards enrolled members worldwide. These initiatives continue to enhance the appeal of the Wyndham Rewards program, encouraging more guests to embark on their next wonderful journey.
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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.
As the world’s largest hotel franchising company, Wyndham Hotels & Resorts is thrilled to unveil the fifth anniversary of “Member Month” with our most incredible offers yet! Get ready for a five-week celebration packed with exciting points giveaway contest, exclusive deals and premium perks, all crafted to deliver unforgettable experiences for our members. Whether you’re chasing wanderlust or exploring new horizons, this is your ticket to extraordinary travel adventures. Let the journey begin!
This fifth-anniversary celebration of Wyndham Rewards Member Month features five themed weeks, with unique perks launching every Wednesday, encompassing discounted stays, bonus points, exclusive collaborations, and special travel packages. More than 114 million Wyndham Rewards members globally can enjoy a host of exclusive benefits across travel, shopping, and more.
• Exclusive Member Benefits: Win 50,000 Points in our Giveaway Contest!
From now until March 31, play & win 50,000 Wyndham Rewardspoints—redeem for go free® stays at thousands of Hotels by Wyndham worldwide, online shopping and more! Follow Wyndham Rewards APAC on Facebook and Instagram to enter. Don’t worry if you miss it — stay tuned for the monthly giveaway contest every 2nd Wednesday of the month starting April 2025, because #YouEarnedThis!
• From Now to May. 9: More Points for Longer Stays!
Earn 7,500 points by staying every 2 consecutive nights or completing 2 single nights, up to 15,000 points in total. For stays at hotels in Greater China (Hong Kong, Macao, and Taiwan included), enjoy an incredible 4x points per 2 consecutive nights. Travel more, earn more!
• Mar. 12 to Apr. 7: Members Save 20% or More when they Book Direct!
Stay 1 night and save 10%, stay 2 or more consecutive nights and save 15%, plus additional 5% on top with member rate when you book direct.
• Mar. 19 to Apr. 19: Exclusive Savings for Mastercard Cardholder!
From now until April 19, Mastercard cardholders who book 3 consecutive nights or more for a stay before June 18, enjoys a 65% discount with extra 3,000 Wyndham Rewards Points to supercharge their travel rewards and make every stay more valuable!
• Mar. 26 to Apr. 30: One-Stop Booking for Unbeatable Deals!
Book hotels, flights, and car rentals all in one place to earn points for free stays.
• Apr. 2 to Apr. 30: Wyndham Retreats Week
Discover our hotel package featuring all inclusive, golf, and spa destination collections.
*Terms and conditions apply to the Member Month offers.
As one of the fastest-growing hotel loyalty programs worldwide, Wyndham Rewards has achieved remarkable growth, nearly doubling its size in just five years, acting as a blue thread connecting our owners, brands, and guests as well, offering generous membership benefits and extensive redemption options. Wyndham Rewards Everyone!
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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.
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