Everex

Everex proposes the Cryptocash, a cryptocurrency, where each unit has its value pegged to, and a name based on, the fiat currency it represents. Users convert local fiat currencies to Cryptocash using a currency exchange and transfer the coins to their Everex wallet.

Cryptocash balances are provably underwritten by actual balances held in accounts of licensed financial institutions. The Everex system provides its users access to financial services using Cryptocash, without the volatility issues of existing, non-stablecoin cryptocurrencies.