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Asia Broadband Prepares For Minting Of New Silver-Backed Cryptocurrency, as Silver Price Record High Rally Continues
Globenewswire· 2025-12-03 13:00
Core Viewpoint - Asia Broadband Inc. is launching a new silver-backed cryptocurrency token, AABBS, in conjunction with the upcoming release of the AABB Wallet, driven by increasing silver production and market demand fundamentals [1][2]. Group 1: Silver-Backed Token Development - The company has developed a silver-backed token, AABBS, and is preparing for its launch and minting processes [1]. - Management's decision to create the AABBS token is influenced by rising silver production and favorable market conditions, including inflationary policies and increased demand from industries such as electric vehicle battery production [2]. - AABB has been accumulating silver bullion from its production to back the AABBS token, similar to its previous gold-backed cryptocurrency, AABBG [2]. Group 2: Market Conditions and Demand - Economic conditions are converging to create higher demand for silver, which is expected to lead to record silver prices in the coming years [3]. - The company's processing plant in Etzatlan, Mexico, is anticipated to significantly increase silver production, with approximately half of AABB's quarterly mining output being silver [2]. Group 3: Additional Offerings - Due to popular demand, the company is considering minting a special collection of physical silver coins to commemorate the AABBS launch [3]. - AABB aims for its token to become a stable and trusted standard of exchange, with unique qualities that differentiate it from other cryptocurrencies [4].