GimbutisCoin price

USAD

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Launched in May 2023 by a team based in Lithuania, the Gimbutis ecosystem is a blockchain-based infrastructure that merges the utility of digital assets with the stability and security of physical precious metals. The platform is built around three main tokens: USAD, a gold, silver, copper, USDT and USDC backed stablecoin, as well as GXAU, a gold-backed digital asset and GXAG, a silver-backed digital asset. USAD is the primary unit of account and settlement within the Gimbutis ecosystem. Pegged 1:1 to the U.S. dollar, USAD is fully backed by real assets like gold, silver and copper, which are stored in audited and insured vaults and liquid crypto-assets like USDT and USDC. This design ensures that each USAD in circulation represents a verifiable and redeemable claim on physical assets, offering users a stable store of value with intrinsic backing. Unlike fiat-collateralized or algorithmic stablecoins, USAD leverages gold’s, silver’s and copper’s long-standing role as a reserve asset to create a more resilient digital dollar. It is intended for everyday transactions, trading pairs, and as a base currency across the Gimbutis platform. Its backing mechanism and transparent issuance model position it as a viable tool for users seeking protection against inflation or volatility in traditional markets. The secondary core tokens in the ecosystem are GXAG and GXAU , a silver and gold-backed digital asset. These commodities are securely stored across three jurisdictions: Geneva (Switzerland), Dubai (UAE), and Vilnius (Lithuania). The assets are held in the name of individual token holders, and redemption for physical silver is available upon request. The issuance of GXAG and GXAU are tightly controlled and fully collateralized, with new tokens minted only after verified receipt of physical silver into storage. A key feature of the Gimbutis ecosystem is transparent token minting. Smart contracts and reserve systems are designed to ensure that every issued token—whether USAD or GXAG/GXAU — are verifiably backed by the corresponding physical asset. This transparency allows users to track reserves and circulation metrics in real time. Storage of the underlying metals is offered at no cost to the user, and the platform handles logistics, insurance, and custody through third-party vaulting partners. Users can opt for physical delivery by submitting a redemption request, with global shipping supported. Gimbutis places a strong focus on regulatory alignment, asset transparency, and practical utility. USAD serves as the entry point for users to access precious metal-backed finance in digital form, while GXAG/GXAU offer an alternative for those seeking exposure to silver and gold. Together, these tokens form the foundation of an ecosystem that seeks to modernize precious metals as digital, accessible, and redeemable instruments. The Gimbutis ecosystem is built for individuals and institutions looking to preserve value, transact globally, and bridge the gap between traditional asset classes and digital finance.