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"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, not governments or political parties. It should be backed by real world assets with values that are verifiable in a public and transparent manner, and the money supply should reflect those assets without manipulation by central bank actions."
Landollar is a new type of stablecoin, backed by a new type of mortgage, and designed to be the currency of WEB3.
It is the first Mortgage Bank Digital Currency (MBDC), and is issued to fund individual mortgages. As with all Real Estate in the US, real property records are public information, and by law must be accessible and verifiable in a public and transparent way.
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1. Landollar is ideally issued by state and federally chartered community banks and credit unions. This network of lenders and the loans they
make represent local knowledge, experience and the truest advantages
of decentralization.
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2. Landollar loans are made to individual purchasers of real property, with
loans underwritten using standard guidelines of borrower income,
expenses and credit.
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3. Landollar is collateralized 200% by 1st mortgages denominated in
Landollar, which never exceed a ratio of 50% loan to value for the
mortgaged property. Additional mortgage amounts are funded from
lender capital in the form of 2nd position US Dollar denominated debt.
These dual currency, concurrent mortgages are originated and held by
the same lender and offer significantly lower blended interest rates to
borrowers.
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4. Landollar loans are earning assets for the lender; and could be pledged as security to the Federal Reserve for overnight and short term credit
lines using the FED NOW payment system in order to meet liquid reserve requirements. *
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5. Landollar loans could be further backed by reserves in the form of:
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A. A designated % of the USLD loan balances in USLD held by the lender or in Federal Reserve Master Accounts
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B. A designated % of the total Loan balance (USLD+USDollars) in vault cash or in Federal Reserve Master Accounts in the form of US Dollars
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6. Because principal payments on the Landollar senior debt must be made in Landollar, there will be offsetting demands for both currencies in a real-world setting, as well as ongoing deposits of each from borrowers, merchants and banking customers.
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* https://www.frbdiscountwindow.org/pages/collateral/pledging_collateral#PledgingLoans
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Stakeholder Benefits of Landollar (USLD), the first Mortgage Bank Digital Currency (MBDC). 200% Collateralized, safe and secure enough to be the currency of WEB3.
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1. Borrowers can finance real estate at up to 40% lower interest expense.
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2. Lenders issue USLD at mortgage origination, and can fund up to 225%
greater loan volume at the same margins by issuing USLD instead of
borrowing USD from bank depositors, the Federal Reserve Bank or other
conventional sources of funds.
3. Merchants can save transaction fees and pass on lower costs to
consumers when accepting peer to peer transactions using USLD
4. Consumers can enjoy lower costs for goods and services as well as all of the convenience and security of digital currency
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5. Governments can collect tax remittances from merchants directly, in real
time
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6. The American people can enjoy the benefits of sound money as well as
the advantages of digital currency, without surveillance state controls
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7. Stablecoin holders worldwide can enjoy the benefits of US denominated
stablecoins, backed by US real estate.
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LANDOLLAR CONCURRENT LOANS CONSIST OF SENIOR DEBT DENOMINATED IN LANDOLLAR, WRAPPED BY JUNIOR DEBT DENOMINATED IN US DOLLARS
LANDOLLAR BY THE NUMBERS
LANDOLLAR LOAN BLENDED INTEREST RATES ARE UP TO 40% LOWER THAN CONVENTIONAL LOANS.
LANDOLLAR IS BACKED BY 1ST MORTGAGES THAT ARE 50% LOAN TO VALUE AND 200% COLLATERALIZED.
LANDOLLAR LENDERS CAN LEND UP TO 225% MORE VOLUME
BY ISSUING LANDOLLAR VS LENDING CONVENTIONAL DOLLAR-DENOMINATED LOANS.
THE RESIDENTIAL MORTGAGE MARKET IS $16 TRILLION IN THE US.
