What is a digital dollar?
- Digital dollars (USDC) are designed to always equal $1
- Backed one-to-one by real cash and US Treasury reserves
- Helps anyone protect the value of their money from inflation and instability
- Lets you quickly send and receive money across borders
- Doesn't carry traditional banking fees
Reasons people use digital dollars
Protecting savings from a depreciating, slumping, and deflating currency
Sending and receiving money across borders without fees
Getting paid without needing a traditional bank
Keeping full control of their own money
Digital dollar versus dollar
Digital dollar
Dollar
Requirements
No bank account, credit check, or paperwork
Requirements
Often requires a bank account, ID verification, and approval
Control
Held in an account only you control
Control
Held by a bank, which can freeze or restrict access
Sending money
Move internationally in seconds
Sending money
Can take days through a bank
Where it's held
Only you control
Where it's held
Your bank holds a promise, not your dollars
“Half the world earns in currencies that lose value every month. We think that is a problem worth fixing.”
Digital dollar versus other currencies
Digital dollar
Local currencies
Value
Designed to hold steady
Value
Can lose value quickly due to inflation or devaluation
Trust
Backed by real reserves, published monthly
Trust
Backed by a government's economic policy
Transfers
Move internationally in seconds
Transfers
Often requires currency exchange, fees, and delays
Access
Available to anyone with a smartphone
Access
Availability and value depend on local banking systems and government
Ways to use your digital dollars
- Use your Lustum card to pay online or in stores, wherever cards are accepted.
- Send digital dollars to family or friends in seconds, no bank needed.
- Receive payments from clients or employers abroad, directly into your account.
- Hold your money in digital dollars instead of a currency that loses value.
- Turn your digital dollars into local currency whenever you need cash.
“Half the world earns in currencies that lose value every month. We think that is a problem worth fixing.”
FAQ
Lustum is a borderless USD account. Hold dollars, send them globally with no fees, spend with a virtual Visa, and earn up to 20% APY on your balance.