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How USDR Ensures Transparency

Published

5 years ago

on

Trust is the backbone of the world of finance. Without trust, there are no deals, no transactions, no loans, no insurance, and so on. Transparency breeds legitimacy and trust. As a matter of fact, a completely transparent financial ecosystem is theoretically free of regulators. It comes as no surprise that the world is progressing towards becoming more transparent. 

Blockchain and cryptocurrency markets are giving us windows into a world in which transparency, not regulation, serves us. Some projects in the crypto ecosystem are dedicated to solving transparency issues but there are other projects whose very existence and integration brings transparency. 

USD Reserve is one such project. Before looking into how USDR ensures transparency, it is important to understand what exactly USDR is.

What is USDR?

In essence, USDR is a crypto token or payment token. It is issued by Brothers International in Switzerland. This token is fully backed by a corporate guarantee from Brothers International in the UK. Brothers International is the legal owner of 10 metric tonnes of gold stored in private secure storage and insured by Lloyds of London, the world’s leading insurance market providing specialist insurance services to businesses. The terms of guarantee between the UK and Swiss entity entails the UK entity to support the Swiss entity’s USDR project. 

USDR is a European payment token designed to be the internet’s reserve currency. They are currently issuing 100M coins within the current regulatory framework and plan to grow this volume shortly to 345M coins. They intend to provide a flexible payment token on multiple blockchains that can become the reserve currency of the internet. USDR tokens are pegged one to one with the U.S. dollar that helps to fix the volatility flows. The token is currently available on ERC20 and Binance Smart Chain, and other chains are coming soon.

Transparency Through Supply Tracker

A question naturally arises. How is Brothers International obtaining the gold? 

The gold is purchased at a fair price from Artisanal miners in some of the poorest places in the world. Miner’s safety is on the top of the priority list. The miners are also trained on how to extract gold without using environmentally damaging chemicals and mercury, which many currently use now.

Lloyd’s of London has conducted complete due diligence, provenance, security, and assay audits on the assets (gold) that subsequently back the USDR. Lloyd’s is a corporate body governed by Lloyd’s Act 1871 and subsequent Acts of Parliament, and unlike most of its competitors in the industry, it is not an insurance company. 

This way the gold reserves always remain verified and the transparency of the reserves is always up for the public to see. Minting new coins means adding more gold reserves. If the gold price appreciates, more coins can be issued and if the gold price declines, either more reserves can be added, or coins can be burnt. Any coin burning or mining event will always be announced to the public. 

Thus, in this way, USDR is not only ensuring that it reaps all the benefits of transparency that comes with being built on a blockchain, but also ensures transparency in their supply chain of obtaining gold reserves and minting or burning tokens.

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Press Release

Bitfire Group Joins Hong Kong Web3 Festival as Diamond Sponsor

Published

2 days ago

on

April 4, 2026

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Hong Kong, 4th April 2026 — Hong Kong Web3 Festival 2026 is proud to announce Bitfire Group as a Diamond Sponsor.

Under a high-standard regulatory framework, Bitfire Group has established a globalized Web3 ecosystem centered in Hong Kong with an expanding international footprint. Its core business pillars include Bitfire Premium, a world-leading private banking-grade digital wealth steward, and BitTrade, a licensed digital asset exchange in Japan.

Dedicated to the advancement of digital financial infrastructure, Bitfire Group provides one-stop, private banking-grade, and full-lifecycle digital asset wealth management services to high-net-worth individuals (HNWIs), family offices, and institutional clients. The Group is committed to becoming a preeminent global leader in the digital asset industry. More information: https://bitfire.com/

Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group, is Asia’s premiere crypto conference since 2023. The previous editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape.

Featured speakers include:

Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region
Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission
Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group
Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong
Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs
Lily Liu, President, Solana Foundation
Joseph Chalom, CEO, Sharplink
Francis B. Zhou, CEO, Quantum Solutions
Abdelhamid Bizid, Managing Director, BlackRock
Phil Kang, CEO, ZR Financial Group
Yat Siu, Co-Founder and Chairman, Animoca Brands
Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC
Robert Lui, Deloitte China Hong Kong Digital Asset Leader; Member of Task Force on Promoting Web3 Development
DIAO Zhihai, Head of International Business of Wealth Management, CICC
Gavin Wang, Managing Partner & Chief Investment Officer, SNZ Holding & SNZ Capital
David Lee, Chairman, Global FinTech Institute
Min Lin, Managing Director, Head of Global Business Development at Ondo Finance
……

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

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Press Release

ZA Bank Confirms Participation at Hong Kong Web3 Festival

Published

2 days ago

on

April 4, 2026

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Hong Kong, 4th April 2026 — Hong Kong Web3 Festival 2026 is proud to announce ZA Bank as a Diamond Sponsor.

ZA Bank is Hong Kong’s №1 Digital Bank. More information: https://bank.za.group

Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group, is Asia’s premiere crypto conference since 2023. The previous editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape.

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

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Press Release

AltLayer Announced as Gold Sponsor for Hong Kong Web3 Festival 2026

Published

2 days ago

on

April 4, 2026

By

Hong Kong Web3 Festival 2026 is honored to welcome AltLayer as a Gold Sponsor.

AltLayer builds infrastructure and autonomous agents for interacting with on-chain systems. Explore blockchain data, automate workflows, and build intelligent applications on decentralized networks: https://altlayer.io

Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group, is Asia’s premiere crypto conference since 2023. The previous editions brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape.

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

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