International Stable Currency Whitepaper
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  • Introduction
    • 🌎What is ISC?
    • 👑Why ISC Matters
      • State of Fiat Currencies
      • State of Stablecoins
        • What is a Stablecoin?
        • Improvements on Fiat
        • Drawbacks of Existing Stablecoins
    • ⭐What Sets ISC Apart?
  • How ISC Works
    • 💰The ISC Reserves
      • Key Entities
      • Key Concepts
      • Basic Mechanics
      • Advanced Mechanics
      • Oversight
    • 📥DAO Model and International Governance Token ($INTL)
      • Community Oversight
      • Governance Mechanics
      • $INTL Tokenomics
      • Burning $INTL: Aligning the Economic Incentives of $ISC and $INTL
    • 🖥️Technological Foundation
    • ❗Disclaimer
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  1. How ISC Works
  2. The ISC Reserves

Basic Mechanics

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Last updated 1 year ago

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i. ISC Issuer: Issues or Recalls ISC Loans

The ISC Issuer is responsible for issuing and recalling ISC Loans to the ISC Reserves. The size of each ISC Loan are determined a variety of factors, such as the liquidity and price of ISC, as well as the reliability of the ISC Reserve.

ii. ISC Reserves: Provides Liquidity to the Digital Asset Market

The ISC Reserves provides a continuous liquidity for ISC to the Digital Asset Market by buying and selling ISC as appropriate. The cash generated from each ISC is used to implement its ISC Reserve Basket. This system ensures that there is always enough liquidity for users to be able to buy or sell ISC.

iii. ISC Reserves: Implements the ISC Reserve Basket

ISC Reserves interface with the Real World Asset Market to buy and sell the assets required to implement the ISC Reserve Basket for each ISC in circulation. The assets purchased by the ISC Reserves are used to maintain the ISC Target Price.

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