CNCurrency is not just another stablecoin — it is a new definition of money. Built for the Web3 era, CNCurrency represents a truly decentralized, asset-backed, and redeemable digital monetary unit that fulfills the complete and timeless essence of real money:

• Backed by verifiable, real-world and on-chain assets
• Redeemable at any time with intrinsic value
• Transparent in supply and collateral
• Independent from traditional banks or centralized authorities

To enhance usability in the current fiat-dominated economy, CNCurrency is pegged to a fiat currency (such as USD or EUR). But unlike conventional pegged assets, its true value is not tied to the peg — it's anchored by the real collateral behind it. Even in a hypothetical collapse of the pegged fiat currency, CNCurrency retains full value and redeemability based on its reserves.

CNCurrency is always backed by collateral that exceeds its circulating supply, including a mix of on-chain crypto (e.g., BTC, ETH, BNB) and tokenized Real-World Assets (RWAs) such as stocks, gold, and real estate. This ensures long-term resilience and unmatched trust.

Any holder can redeem the underlying asset by returning 1 CNCurrency + its corresponding RC token. The process is instant, decentralized, and requires no permissions or intermediaries.

CNCurrency is completely free from reliance on banks, custodians, or opaque synthetic mechanisms. All issuance, collateralization, and redemption occur on-chain via smart contracts.

CNCurrency maintains the core functions of money: a stable store of value, a medium of exchange, and a unit of account — all built on transparent, auditable, and decentralized infrastructure.

End users enjoy a frictionless experience: they can hold, send, or spend CNCurrency like any digital asset. Advanced system components like RC tokens, DBanks modules, or minting infrastructure are handled entirely by ecosystem builders and minters.

Stable, fair, transparent, and free from manipulation. In an open and decentralized world, it is not just a better stablecoin — it is true money, built to last.

Each CNCurrency (e.g., CNUSD) is minted through a standardized contract (via MintRouter) that accepts multiple, diversified collateral types—e.g., ETH, tokenized gold, BTC.

The PD Assembly mandates that no CNCurrency shall rely on a single collateral source. Instead:

• Minting is distributed across at least 2–3 independent assets
• No CNCurrency carries unique properties tied to a specific collateral type

This ensures fungibility and uniformity regardless of collateral origin.

If a collateral asset (e.g., ETH) undergoes severe devaluation or begins trending toward zero:

• Minting via that asset is automatically halted
• The affected CNCurrencies remain fully redeemable using other active collaterals in the system
• The system-wide collateralization ratio is intentionally high, ensuring solvency even if one asset becomes worthless

Thus, even catastrophic failure of one collateral does not threaten CNCurrency stability.

Every CNCurrency is created alongside an RC Token, which always retains its redeemability logic:

Even in cases where the collateral's market value drops to zero, the RC Token can still be used to reclaim what remains—or initiate incentives for buyback mechanisms orchestrated by PD Assembly.

If a CNCurrency was originally backed by only one asset (e.g., ETH), and that asset collapses:

• PD Assembly deploys new DBankss with higher collateralization ratios, backed by alternate assets (e.g., tokenized gold, BTC)
• Minting resumes under the same CNCurrency denomination, now secured by safer collateral

Thanks to the fungibility of CNCurrencies, old and new tokens coexist without differentiation or fragmentation.

This design provides systemic immunity against tail risks from any single asset class:

• Multi-collateral minting = Distributed risk
• Real-time monitoring + fast DBanks deployment = Operational resilience
• Incentive-based collateral buybacks = Long-term clean-up

No single asset failure can cripple the system.

Although CNCurrencies are pegged to fiat currencies like the Euro or Dollar, they are not backed by fiat assets or fiat institutions. Instead, they derive value from:

• Transparent, on-chain collateral bonding
• Fully auditable smart contracts
• Redemption mechanisms that unlock real assets (e.g., ETH, tokenized gold)

This design ensures CNCurrencies are fiat-denominated but not fiat-dependent.

Every CNCurrency is minted alongside an RC Token. Together, they form a full claim on the original collateral:

This ensures that regardless of the fiat's market value, users can always unlock the full original asset by returning both tokens.

Let's assume a complete collapse of a fiat currency, such that:

Scenario Setup:

• You lock 1 ETH into DBanksEUR when 1 ETH = €1,000
• You receive: 1 CNEUR and RCETH/EUR = €999

Later:

• Euro collapses: €1 = $0
• 1 ETH is now priced at "∞" Euros (since EUR = 0)

Result:

• You can still redeem 1 ETH by returning: 1 CNEUR + RCETH/EUR

Even though CNEUR = €0 externally, it still acts as a required input to unlock the ETH. Its value is not tied to the market worth of EUR—but to its function within CNBM.

This design stands apart from conventional models:

• CNCurrencies remain functional and redeemable even under fiat hyperinflation, collapse, or loss of credibility
• End-users worldwide can transact in familiar denominations (e.g., EUR, USD) with independent value logic
• CNBM creates the foundation for stable digital money that survives fiat fragility

CNBM's design anticipates extreme scenarios—including total collapse of a collateral asset. Through enforced collateral diversity, modular expansion, and immutable redemption logic, CNCurrencies retain both functional and financial integrity.

This positions CNBM as a durable, dynamic framework for decentralized money, engineered for a volatile world.