Stablecoins are tokenized versions of fiat currency assets (Fiat), and their value is intrinsically tied to a defined unit of exchange. Stablecoins are most commonly directly backed by a fiat currency and require deposits to be made (and held) before tokens are minted.

DRAM stablecoins have parity to US$1, fully backed by an actual deposit of AED 3.6725 per coin on a currency translation basis, which effectively means that 1 DRAM is equal to 1 US dollar. The AED has been pegged to the USD on the same ratio for the last 25 years.

Each DRAM token is equal to US$1 and is backed by AED 3.6725: 1 DRAM = 1 US dollar

No, 1 DRAM is equal to AED 3.6725. The value of DRAM does not fluctuate in relation to AED.

DRAMs are issued by Hong Kong law governed DRAM Trust. All activities of the Trust are overseen by the trustee of DRAM Trust, whose activities are regulated in Hong Kong.

In order to mint a DRAM token, minting partners need to submit a mint request and deposit the matching fiat amount to the DRAM Trust. Authorized minting requests result in the prompt minting and crediting of the specified quantity of DRAM tokens to the minting partner's wallet.

Please visit the Ecosystem section on this website to view a list of exchanges and other platforms.

If you are interested in potentially becoming a minting partner, please send an email to [email protected]

Trust and transparency are two sides of the same coin. Transparency is one of the key pillars of DRAM Trust. DRAM Trust’s reserves are verified on a near real-time basis. Reports are available on this website under Transparency.

Each DRAM token is fully backed by 3.6725 AED on a currency-translation basis. The AED is pegged to the US dollar where US$1 is equal to 3.6725 AED, the same ratio between DRAM and AED.

By establishing 1 DRAM with equal value to 1 US dollar, the DRAM token becomes a more accessible and more efficient medium of exchange given that the US dollar is the dominant unit of exchange for the pricing of fundamental commodities and global cross-border trade and the currencies’ parity eliminates any need for foreign exchange calculations and conversions.

DRAM’s smart contracts have gone through numerous cybersecurity checks conducted by two leading companies – Consensys and Peckshield – with the outcomes publicly available on their respective websites. Going forward DRAM Trust will conduct regular cybersecurity checks on a regular basis.