LANDOLLAR IS THE FIRST MORTGAGE BANK DIGITAL CURRENCY
"BlockchainTech can lower many of the costs of transacting, financing and managing real property. Most importantly, it allows us to issue the stablecoins that fund our mortgages, and to pass the lower cost of funds on to the borrower in the form of up to 40% lower interest rates.
-Davidson Barlett, Founder
BUILDING BETTER E-MONEY
"Sound money need not have intrinsic value, but at a minimum, it must be a direct medium of exchange for goods and services. It's purchasing power must be set by markets rather than governments or political parties. It must be backed by fixed real world assets with values that are verifiable in a public and transparent manner, and the money supply must reflect the value of those assets without manipulation by central bank actions."
-Davidson Barlett, Inventor of Landollar
By combining mortgage lending with blockchain technology, now it is possible for banks to issue asset-backed stablecoins with a purchasing power tied to the real estate market, and with a circulating supply which represents mortgage principal outstanding, nothing more, nothing less.
US Dollar-pegged payment stablecoins are a practical form of digital currency that is gaining acceptance for everyday purchases due to lower transaction fees, and other advantages to both merchant and consumer. Yet to date, concerns about price stability and backing have limited consumer acceptance of stablecoins in the US as spendable currency, even when redeemable for dollars on demand. Even so, stablecoin use is increasing exponentially as a faster, more secure channel for remittances, bank-to-bank transfers and cross-border business to business transactions, including payroll. The promise of Artificial intelligence (AI) Agentic commerce promises many new and exciting applications, along with accompanying demand for stablecoins. THESE ARE TRENDS THAT COMMUNITY FINANCIAL INSTITUTIONS MUST LEAD, NOT FOLLOW IF THEY ARE TO REMAIN RELEVANT IN THE MARKETPLACE FOR MONEY AND FINANCIAL SERVICES.
Stablecoins are digital encrypted tokens which are tranferrable and programable, with a value pegged to a national currency such as the US Dollar for price stability. This means that the exchange price of a given stablecoin is dependant on the peg, and on trust in the reserves of the coin to maintain a stable 1 to 1 value. To be accepted as spendable currency by consumers, trust is the key requirement.
For those new to the stablecoin space, there can be no better explaination of their significance than this brief and concise essay by Chris Dixon, Founding partner of A16Z Crypto.
https://a16zcrypto.com/posts/article/stablecoins-payments-without-intermediaries/
