The IMF was founded in 1945 with the goal to foster macroeconomic stability.
The Special Drawing Right (XDR) was created to deliver stability in the international monetary system and to reduce the risk of volatility for less economically developed countries.
Until now only the central banks have access to the XDR.
Pays has issued the Pays XDR digital currency which enables anyone to use the XDR. By leveraging Stellar`s distributed ledger technology, all transactions are secure, near instant and free.
By strictly following the methodology of the IMF XDR, every Pays XDR is backed by the same basket of five currencies.
It's more stable than any single currency so it opens new possibilities for hedging risk and storing value.
The XDR is a natural hedge against currency volatility as its value is diversified among the five most important currencies in the world.
We use the exact methodology as the IMF so that every Pays XDR is fully backed by the U.S Dollar, the Euro, the Japanese Yen, the Chinese Yuan and the British Pounds Sterling.