On June 28th of 2022, Basel III (a consortium of central banks from 28 countries) took place and introduced a framework that sets international standards for bank capital adequacy, stress testing, and liquidity requirements. This new international banking regulation requires commercial banks to change their “net stable funding ratio” for gold held as a tier 1 asset on their balance sheet from 50% to 85%.
The shift in regulation is designed to shore up balance sheets and deleverage their paper gold exposure. This is accomplished by requiring/regulating banks to classify their actual physical gold holdings as tier-1 assets and their paper gold holdings as tier 3 assets, against which greater reserves will be required.
This makes the case for Quint being a Tier 1 asset as well, especially in the volatile cryptosphere.
Introducing Quint
Quint Gold is a digital certificate of ownership of 1/1000th of a U.S. Minted Gold Coin. Quint Silver is 1/20th of a U.S Minted Silver Eagle. These “tokens” allow gold and silver dollars to circulate as digital money.
Quintric allows you to move out of debt/hype-based currencies and into a more stable, enduring monetary system. Each Quintric token:
- Certifies audited precious metal coin on deposit
- Appreciates with the gold price over time
- Is inherently inflation-proof
- Can circulate as legal tender, like cash
- Will never be subject to fractional reserves
- Never generates recurring costs for the user
- Can be used for near-instant, global transactions
- May provide tax benefits within certain jurisdictions
Quint tokens along with Goldbacks can be traded and staked exclusively on XBTS!
Here is a Step-by-Step Guide on acquiring Quint: https://hive.blog/xbts/@highsteam1900/step-by-step-guide-to-depositing-physical-gold-silver-or-goldbacks-into-xbts
Conclusion
The most powerful financial institutions on earth are making a move into physical gold. What are you doing to shore up your financial health?
For more information on Quint visit the official website at https://quintric.com/
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