Roxe Chain Foundation Announces DO, First Algorithmic Central Bank Stablecoin Native to a Decentralized Economy

SINGAPORE–(BUSINESS WIRE)–Roxe Chain Foundation Limited (“RCF”), a Singapore non-profit that owns and operates the Roxe Chain blockchain, today announced its plans to debut DO (pronounced “dough”), the world’s first algorithmic central bank stablecoin native to a fully decentralized economy, and the Roxe Payments Protocol. DO is an algo stablecoin with no fiat attribute that is designed to solve the intermediate currency problem in cross-border payments and operates on the new Roxe Payments Protocol (“RPP”). Enabled by the Daollar protocol, the DO family of stablecoins is designed to provide better price stability than existing fiat and digital asset-backed stablecoins.

While many fiat and digital asset-backed stablecoins on the market today use blockchain technology, none are a completely decentralized, algorithmic stablecoin based on a central bank model. For example, USDC is a stablecoin backed by the U.S. dollar, a centralized asset, and DAI is a stablecoin collateralized by assets from

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Roxe Chain Foundation Announces DO, First Algorithmic Central Bank Stablecoin Native to a Decentralized Economy – Press Release

SINGAPORE–(Business Wire)–Roxe Chain Foundation Limited (“RCF”), a Singapore non-profit that owns and operates the Roxe Chain blockchain, today announced its plans to debut DO (pronounced “dough”), the world’s first algorithmic central bank stablecoin native to a fully decentralized economy, and the Roxe Payments Protocol. DO is an algo stablecoin with no fiat attribute that is designed to solve the intermediate currency problem in cross-border payments and operates on the new Roxe Payments Protocol (“RPP”). Enabled by the Daollar protocol, the DO family of stablecoins is designed to provide better price stability than existing fiat and digital asset-backed stablecoins.

While many fiat and digital asset-backed stablecoins on the market today use blockchain technology, none are a completely decentralized, algorithmic stablecoin based on a central bank model. For example, USDC is a stablecoin backed by the U.S. dollar, a centralized asset, and DAI is a stablecoin collateralized by assets from other systems.

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Accenture to Acquire Myrtle Consulting Group to Expand Implementation of New Digital Manufacturing, Operations and Supply Chain Models for Clients

Accenture (NYSE: ACN) has agreed to acquire Myrtle Consulting Group (“Myrtle”), an industrial operations consulting firm headquartered in Houston. Myrtle partners with leading companies across consumer products, life sciences, chemicals, mining and other heavy manufacturing industries to produce and distribute goods in a safer, more efficient and sustainable way.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201006005770/en/

Accenture has agreed to acquire industrial operations consulting firm Myrtle Consulting Group (Photo: Business Wire)

The acquisition will expand Accenture’s manufacturing and supply chain capabilities. Specifically, it will strengthen Accenture’s ability to transform these areas for clients from initial value assessments and operating model strategies to new business processes and technology solutions. Myrtle’s team will join Accenture Industry X, which helps clients improve how they operate factories and plants.

Nigel Stacey, global lead of Accenture Industry X, said: “Cost, quality and safety remain a constant and rising challenge for manufacturing

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