FAQ
Q: What is the International Deposits Network? A: The International Deposits Network (IDN) is XFT's RTGS payment system for tokenized commercial bank deposits. It is used to put onchain tokenized products into traditional offchain bank accounts. Send cross-border real-time payments using IDN blockchain deposit accounts.
Q: Why stablecoins? A: Instant zero-fee 24/7/365 global programmable internet payments
Q: Why XFT stablecoins? A: Backed 1:1 w/ tokenized cash, cash equivalents for in-kind redemptions. Native U.S. Treasury Marketable Securities issuance. Deep direct, indirect liquidity corridors. Federal Reserve Discount Window access.
DEFINITIONS
Seigniorage is the positive return, or carry, on issued notes and coins (money in circulation). Demurrage, the opposite, is the cost of holding currency.
Seigniorage is the profit made by a government from the difference between the face value of currency and the cost to produce it.
The central bank earns interest on the money it lends, or receives a return on the assets it acquires – and this is called seigniorage income.
Continuous Linked Settlement (CLS)
RESOURCES
https://www.congress.gov/crs-product/R46850
https://www.imf.org/-/media/files/publications/ftn063/2025/english/ftnea2025011.pdf
Origins of the Federal Reserve Book-Entry System
https://www.chicagofed.org/publications/chicago-fed-letter/2018/395
https://www.fincen.gov/system/files/shared/Appendix_D.pdf
https://www.federalreserve.gov/federal-reserve-banks/fam/chapter-5-federal-reserve-notes.htm
Last updated