MNEE USD Stablecoin (MNEE)
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LBank Exchange Listed MNEE USD Stablecoin (MNEE)
Newsfile· 2025-11-28 08:36
Core Viewpoint - LBank Exchange has listed the MNEE USD Stablecoin, which is designed for various digital payment applications and is fully backed by reserves [1][3]. Group 1: MNEE USD Stablecoin Overview - MNEE is a regulated institutional-grade USD stablecoin intended for digital payments, remittances, gaming, microtransactions, and enterprise settlement [3][4]. - Each MNEE is backed 1:1 by reserves, including US Treasury bills and cash or cash equivalents, ensuring it maintains the value of the corresponding fiat currency [3][6]. Group 2: Issuance and Regulation - MNEE is issued by MNEE Limited, a licensed digital asset business in Antigua and Barbuda, regulated under a Class A license [4]. - The project adheres to strict AML and KYC requirements, with customer verification conducted through independent third-party providers [4]. Group 3: Token Characteristics - Token Name: MNEE; Token Type: Fiat backed stablecoin; Total Supply: Elastic, minted and redeemed on demand [5]. - MNEE tokens are available on multiple blockchains, including 1Sat Ordinals and Ethereum ERC20, with plans for multi-chain expansion [6]. Group 4: Utility and Applications - MNEE serves as a digital representation of fiat for instant payments, e-commerce, enterprise settlement, and cross-border transfers [7]. - It supports microtransactions for low-value, high-frequency use cases such as in-app payments and content monetization [9]. - MNEE enables fast and low-cost cross-border remittances using a stable USD-pegged asset backed by audited reserves [10]. - The token can be integrated into applications for programmable workflows, subscriptions, and automated settlements [11]. - MNEE provides a stable unit of account for AI agents and automated systems to transact with one another [12]. Group 5: LBank Exchange Overview - Founded in 2015, LBank is a leading global cryptocurrency exchange with over 20 million registered users and a daily trading volume exceeding $10.5 billion [13]. - LBank has a history of zero security incidents and offers innovative trading solutions, achieving average returns of over 130% on newly listed assets [13][14]. - The exchange is recognized for its rapid altcoin listings, unmatched liquidity, and industry-first trading guarantees, making it a preferred platform for crypto investors [14].