⭐What Sets ISC Apart?
The ISC Way
International Stable Currency (ISC) is a stablecoin that is designed to grow in value over time and pegged to the value of an underlying basket of financial assets such as commodities, bonds, and equity. It is optimized for stability and inflation resistance.
Additionally, the precise composition of the basket of assets can be adjusted via our own DAO model, where the community maintains a crucial check and balance of any changes. ISC also includes the capability to exercise significant oversight concerning the existence and safety of those assets with independent audit. Detailed discussion on this is provided in The ISC Reserves - Oversight [↗️].
ISC is the next step in the evolution of money: permissionless, asset-pegged, inflation-resistant, and community-controlled.
i. Pegged to the Value of an Underlying Basket of Assets
The ISC stablecoin functions differently from existing stablecoins in that it is not pegged to the US Dollar. Instead, the value of ISC is pegged to the value of the assets held by the ISC Reserves. Simply put, the price of ISC increases as assets held by the ISC Reserves generate returns.
Backtesting of ISC from 1999 to 2023 demonstrates that the purchasing power of ISC's underlying basket of assets outperforms top fiat currencies.
On this analysis, ISC was valued based on the initial reserve allocation, allowing for a consistent and clear comparison over time. Results showed that the price of ISC steadily increased over time as the reserve grew from the returns generated by the ISC Reserves, while the US Dollar experienced a substantial loss, with its purchasing power dwindling by almost half.
ii. Resistant to Inflation Caused by Money Printing
Directing the returns made by the ISC Reserves back into the price of the token enables ISC to achieve an unprecedented level of inflation-resistance within the stablecoin market. This is in stark contrast to USD-Pegged stablecoins, which lose value as the overall supply of US Dollars in circulation increases. If the US Dollar loses purchasing power, so do USD-Pegged stablecoins. The steady appreciation of ISC’s value through the returns by the ISC Reserves makes ISC an attractive option for those looking for a hedge against inflation.
iii. A Reserve-System Controlled by The Community
The ISC reserve-system is controlled by the community through our governance token, IGT. By giving the community voting and oversight powers, we can ensure that the interests of the community are always prioritized and that the ISC Reserves are managed responsibly and sustainably. Although the initial allocation of the ISC Reserves will be set by the ISC founders, we anticipate that the community will make and vote on meaningful proposals that improve the stability and quality of the ISC Reserves’ investments.
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