CoinBank and D1 Mint Limited Issued the first diamond stability coin

November 22 16:50 2018

On November 13, 2018, CoinBank and D1 Mint Group signed a strategic cooperation agreement, in the presence of Yury Trutnev, Deputy Prime Minister of Russian, and representatives of the Russian Far East Development Fund, including its CEO, Alexei Chekunkov, announcing to issue D1 Coin, the world’s first diamond-backed stable digital currency.

About CoinBank

As a new generation bank for young people, CoinBank is committed to developing rejuvenation brand and global ecosystem. Its business scope includes distribution of stable digital currencies, matching of compliance exchanges, and global transfer and payment of digital currencies. To date, CoinBank has set up strategic cooperation with renowned digital currency trading platforms such as Gemini, Circle, BCEX, UKEX, and CoinEgg. Through active exploration with its partners, CoinBank aims to provide digital banking services with new model worldwide.

CoinBank is a new generation of digital banks for young people. It focuses on promoting younger brand and constructing global eco-cooperation. Its business scope includes stable digital currency cooperative issuance, compliance exchange docking, global digital currency transfer and payment, etc. At present, CoinBank has established strategic partnerships with well-known digital currency exchanges such as Gemini, Circle, BCEX, UKEX, CoinEgg, and so on. CoinBank is actively exploring with partners and plans to use the new model for digital banking services worldwide.

About D1 Mint Limited

The D1 Mint Limited has entered into an agreement with the Russian Far East Development Fund and the global veteran KGK Diamonds, and plans to issue D1 Coin, a stable digital coin pegged to diamonds. When designing D1 Coin, the D1 Mint Limited used pricing algorithms to determine that investors can redeem diamonds from D1 Mint at market prices at any time. Meanwhile, investors can also check the information of redeeming diamonds, such as shape, carats, and clarity, etc. via the service provided by D1 Mint.

Cooperation issue

This time, CoinBank signed a strategic cooperation agreement with D1 Mint Limited to further promote the stable digital coin application model which peg to physical assets. More than 20 exchanges have established cooperative relationships with CoinBank in many countries and support many stable currencies such as GUSD, ck-usd, HKDT, etc. The signing of this strategic cooperation agreement is conducive to expanding the global market and ecological layout of the two sides, establishing a global digital currency application service system. Furthermore, deepening friendly Cooperation between the two sides lays the groundwork for future cooperation.

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