The Dollar on Chain (DOC) is the first Stablecoin backed by bitcoin. The token price is pegged to the USD Dollar, and the peg is guaranteed (1DOC:1USD) by the SmartContract.
“There is a settlement date that occurs every 30 days. On that date, all DoCs can be redeemed to the smart contract. This offers much higher liquidity to the DoC, and people do not have to be at the mercy of an Exchange or a secondary market (that may or may not have demand) in order to sell their DoCs.” Max Carjuzaa, CoFounder Money On Chain."
