Singapore financial institution DCS issues payment token DUS on the PlatON network

ChainCatcher news, Singaporean financial institution DCS Card Centre (DCS) has deployed and issued the payment token DUS on the PlatON network. The DUS token is pegged to the US dollar, tokenized from credit card transactions processed by DCS, and can only be redeemed back to DCS for card spending limits.

In addition, DCS will explore Web3 financial service ecosystems based on blockchain, privacy-preserving computing, AI, and other technologies with PlatON, promoting innovative development of blockchain technology in the payment and clearing sector, and becoming the first financial institution to sign with TOPOS (a crypto payment clearing operating system based on PlatON).