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How BRICS works
BRICS tokens are assets that move through the blockchain as easily as other digital currencies, but are pegged to real currencies in a 1-to-1 ratio. BRICS tokens are called stable coins (stablecoins) because they provide price stability because they are pegged to a fiat currency. This provides traders, businesses, and funds with low volatility when trading on the market or simply storing savings. All BRICS tokens are pegged at a ratio of 1 to 1 to the corresponding fiat currency (for example, 1 Synthetic Yuan = 1 Yuan) and are 100% backed by BUBURUZA reserves.
What are BRICS tokens and how do they work?
How BRICS tokens are issued
More stability, more growth
Over the past few years, the popularity of stablecoins, and their market capitalization has exceeded 6 trillion Russian rubles or 470 billion Chinese Yuan (as of September 2022). BRICS tokens give customers the opportunity to make transactions through the blockchain without the inherent volatility and complexity typically inherent in digital tokens. And also without intermediaries who can freeze or confiscate funds.
New tokens
BUBURUZA BANK issues new BRICS tokens only when they are requested and purchased by customers.
The First Cryptocurrencies of a Multipolar World
BRICS for individuals
BRICS tokens provide exceptional liquidity on exchanges, giving traders the opportunity to take advantage of arbitrage opportunities as soon as possible.
BRICS for Business
For sellers, the integration of BRICS tokens opens up many opportunities for consumers to purchase goods and services.
BRICS for exchanges
BRICS tokens play a key role in the digital token ecosystem and are the most actively traded in terms of 24-hour volume.