The Saga cryptocurrency (SGA) is a digital currency that seeks to offer stability and confidence in the cryptocurrency market. Here is a summary of its main features:
No Anonymity: Unlike other cryptocurrencies, Saga requires holders to comply with customer identification (KYC) and anti-money laundering (AML) requirements under Swiss law1.
Controlled Volatility: Saga is designed with a mechanism to tame volatility, which could make it more stable as a store of value and medium of exchange1.
Fractional Reserve: It is backed by a variable fractional reserve anchored to the Special Drawing Rights (SDR) of the International Monetary Fund (IMF), deposited in regulated banks1.
Institutional Support: It has the support of prominent figures such as Dr. Jacob Frenkel, president of the G30 Board of Trustees and JPMorgan Chase International1.
It is important to mention that although Saga seeks to address common cryptocurrency issues such as high volatility and anonymity, it is still essential to conduct thorough research and consider the risks before investing in any crypto asset. #BINANCELOUNCHPOOL #FDUSDT $BNB
