Waves, a decentralized platform for launching crowdfunding campaigns and issuing digital assets announced today its USD gateway is now live within the Waves client. Waves users can deposit USD via the secure gateway, receiving in return a token that is 100% backed by dollar reserves. This can be held, transferred and exchanged for other tokens quickly at low cost and withdrawn back through the gateway into the traditional financial system when required.

Waves CEO Sasha Ivanov said:

“Alongside EUR deposits and withdrawals, the USD gateway offers Waves users an easy way to move money into the blockchain ecosystem, enabling them to invest in tokens and ICOs with fiat. This was always one of the key propositions for the Waves platform: the ability to send and trade with fiat-backed tokens.”

“Users are reminded that, as an open platform, it is possible for anyone to create an asset on Waves — including those with names that duplicate official assets. Please do not trade a token unless you know exactly what it is. Although asset names can be the same, all tokens have a unique id number. Please check this with the token issuer if you are in any doubt. The green check mark is a shortcut to this, indicating that the token id has been verified by the Waves development team.”

In due course, gateways for further major currencies will be added, opening opportunities to other areas of the world — including the Chinese market, with a CNY gateway. As with the EUR gateway introduced last month, the USD gateway partner is Coinomat.

In addition to the USD gateway, a number of other minor updates have been made to the latest client. These include adding a ‘verified’ check mark against the ZrCoin, CryptoPing and PrivateBANKX tokens.