We are a licensed digital asset exchange and custodian built for both individuals and institutions. We are a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). FaceUSD is a fiduciary and subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law.
Your Bridge to the Future of Money
Digital assets like bitcoin and ether have tremendous potential to reshape the global financial system and enable possibilities previously unimaginable. For this to happen, the island of digital assets must be connected to the financial mainland. FaceUSD is your bridge to the future of money.
In order to build a real and sustainable bridge between the old world of money and new world of money, both individuals and institutions need to feel safe and secure whenever they traverse it. This is why our team consists of the top technologists and security engineers. We built FaceUSD with a “security-first” mentality from day one and continue to adhere to this principle as we build new features and improve the FaceUSD experience.
How the USDF Dollar works
Facebook is a global social media and messaging platform that seamlessly integrates
cryptocurrency payments for international transfers via whatsapp messenger, facebook messenger, games, e-commerce, and more. Facebook utilizes FaceUSD for its internal transactional currency. FaceUSD is a fully-collateralized stable coin, built on the ethereum network according to ERC20 standards and strictly pegged 1:1 to the U.S. dollar. FaceUSD is fully-compliant with the oversight of U.S. regulators. FaceUSD tokens are minted at the time of withdrawal from the FaceUSD platform and redeemed at the time of deposit to the FaceUSD platform. https://www.faceusd.com/about