In the heart of Southeast Asia, amidst the vibrant culture of Laos, an exciting financial revolution is taking place. In the domain of LADT’s dual-token model, stable and innovative crypto-payment tokens are profoundly influencing the landscape of online finance. These tokens, ASEAN USD (USDA) and NewPay Governance Token (NGT) are ready to transform Laos’ financial landscape. Delve into the exploration of the distinctive characteristics and advantages of these tokens, which promise to revolutionize cross-border payments and digital governance.

ASEAN USD (USDA)

① A Cryptocurrency Stablecoin Pegged to the US Dollar

ASEAN USD is a digital stablecoin issued by the Lao National Digital Technology Group (LADT), designed for the entire ASEAN region and fully backed by secure fiat assets.

ASEAN USD maintains a 1:1 value peg to the US dollar. This connection means that ASEAN USD maintains a consistent value even during unstable times.

② The First ASEAN Stablecoin With Direct Fiat Currency Minting

The carrier of ASEAN USD, NewPay, also known as Laos PayPal, holds the only third-party payment license issued by the Bank of Laos, which also brings convenience to the minting of ASEAN USD.

In addition to the US Dollar, ASEAN USD can also be minted directly with some of the ASEAN fiat currencies, such as the Singapore Dollar, Thai Baht, Vietnamese Dong, and Lao Kip.

By choosing ASEAN USD, you have a chance to be part of something new and exciting that will change the way we use money online.

③ The Perfect Choice for Cross-border Payments

In a world of evolving financial systems, ASEAN USD stands out by offering a solution to conventional cross-border payment challenges. Unlike traditional digital payment methods that come with foreign exchange losses and transaction fees, ASEAN USD eliminates intermediaries and currency conversion fees, ensuring minimal transaction costs.

From online shopping to dining at restaurants, there’s no longer a need to withdraw local currencies from ATMs throughout the ASEAN region. ASEAN USD unlocks numerous opportunities.

④ Superior APY Compared to the Market

ASEAN USD is embraced by the emerging Web3 community in Laos, offering interest income (4%-8% APY) to those staking or depositing ASEAN USD on Neway (LADT lending platform).

Rather than individual suppliers or borrowers having to negotiate over terms and rates, the Neway protocol utilizes an interest rate model that achieves an interest rate equilibrium, in each money market, based on supply and demand.

Following economic theory, interest rates (the “price” of money) should increase as a function of demand; when demand is low, interest rate should be low, and vise versa when demand is high. The utilization ratio U for each market a unifies supply and demand into a single variable:

Uₐ=Borrowsₐ/(Cashₐ+Borrowsₐ)

The demand curve is codified through governance and is expressed as a function of utilization. As an example, borrowing interest rates may resemble the following:

Borrowing Interest Rateₐ = 2.5% + Uₐ * 20%

The interest rate earned by suppliers is implicit, and is equal to the borrowing interest rate, multiplied by the utilization rate.

⑤ Transparency and Compliance

ASEAN USD’s commitment to security and transparency is evident through its comprehensive approach: 100% third-party fund insurance, complete reserve backing, absolute transparency with monthly asset and reserve disclosures, and the opportunity for investors to easily access substantial returns through one-click lending.

As Laos enters the digital age, ASEAN USD will be there to help boost economic growth, innovation, and collaboration within the country and across the ASEAN region. Through a strategic partnership with NewPay and the combined strength of ASEAN, along with the backing of the Lao government, the shift to a digital economy is well underway, promising prosperity and progress for Laos and its neighboring nations.

NewPay Governance Token (NGT)

① The Governance Token of Laos PayPal

NGT, or “NewPay Governance Token”, signifies the governing token associated with Laos PayPal — NewPay.

As the name implies, NGT is designed to help holders actively participate in the governance of the NewPay ecosystem. They are granted the opportunity to partake in significant decision-making votes within the NewPay ecosystem. This is achieved in the form of DeFi, creating a linkage of interests between issuers and holders, leading to the healthy development of the ecosystem.

② Staking for High-Interest Earnings

Holders of NGT can choose to participate in on-chain staking to earn additional NGT income.

The LADT lending platform, which we refer to as Neway, can assist holders in investing and managing finances in the world of cryptocurrencies. The Initial staking requires the purchase of NGT. And then they can start staking in a ratio of 30% NGT and 70% USDA.

Holders can opt to receive the entire distribution of earnings at maturity or opt for early withdrawal (with a partial loss of earnings).

③ Value Growth via Deflationary Mechanisms

Profits generated by NewPay are also allocated to NGT holders. NGT follows a deflationary model. In the future, a portion of NewPay’s revenue will be used for NGT buybacks and burning in accordance with community regulations, resulting in the deflation of NGT.

Thus, there is a significant probability that the secondary market price of NGT will continue its upward trajectory, delivering advantages to its holders.

Shaping Tomorrow

In summary, it’s clear that the dual-token model is not just a normal DeFi project, but is the beginning of a new era in Laos’ finance.

ASEAN USD (USDA), with its steadfast peg to the US dollar and firm backing by the Lao Government, offers stability and trustworthiness, making it a game-changer for cross-border transactions.

NewPay Governance Token (NGT), on the other hand, empowers its holders with financial incentives and a say in NewPay’s governance, providing users with a path for decentralized decision-making.

In a world of ever-changing financial systems, ASEAN USD and NGT are great examples of progress for Laos and its neighbors. These tokens promise to drive economic growth, spur innovation, and encourage collaboration throughout the ASEAN region.