Decentralized Foreign Exchange
The Ardana Protocol will provide a full suite of various currencies which cover the popular trading currencies such as the United States Dollar (USD), Great Britain Pound (GBP) and the Euro (EUR) which will all be generated as stablecoins on the platform.
Currently there are few ways to mint on-chain backed stablecoins other than those pegged to the US Dollar. This leaves a potentially huge international user base having to use a foreign currency stablecoin. Stablecoins for currencies other than the US Dollar do exist but they are not decentralized, rather relying on a trusted custodian to back these assets with their reserves.
Users will be able to mint stablecoins of different currencies and swap between them on Danaswap, facilitating a rapid low cost international foreign exchange system accessible to all.