TDC
The Thai Baht Stablecoin on the Stellar Blockchain
What is TDC?
TDC (Thai Baht Deep Coin) is a stablecoin pegged to the value of Thai Baht (THB) and tokenized on the Stellar blockchain. The value of 1 TDC is equal to 1 THB.
Each TDC minted on the blockchain is supported by 1 THB deposited in a reserve account at an accredited Thai bank. The amount of TDC in circulation will always equal to the amount of THB deposit in the reserve account and is audited weekly.
Why did we create it?
We created TDC so there is a means to hold, transfer, and trade an asset that is pegged to THB in programmable ways.
TDC is being used in many of our projects to represent THB money without going through traditional banking channels, and at a next-to-nothing transaction cost. If your projects involve a transfer, or a store of value in Thai Baht, requires programmable means to do so, wants the power of the blockchain (immutable, auditable), and fast transaction confirmation time of seconds, then TDC is here for you to look into.
TDC is being traded on Stellar DEX, such as here and here. You can buy an inventory of TDC from the exchanges, or you can contact us to mint it for you (full KYC is required).
Numbers and Stats
You can view all the transactions, asset holders, token supplies, and many useful information about TDC, on Stellar Expert.
Get TDC
1. Wallet Provider and Your Stellar Address
Since TDC is based on the Stellar blockchain, it can be stored on any wallet providers that support Stellar, such as Lobstr, Keybase, or Satoshipay, etc. After you’ve selected your wallet provider, use them to create your Stellar address. You will receive 2 long strings, like these:
Public key: GB7V6U55DB2PSPW…JWIFPX3E
Secret key: SDQOHPAJIM3DFVY…OSL6T5TNI
The public key is like your account number and the secret key is like your password. Your secret key is the only key to access your Stellar account, so keep it safe. If you lost it, your Stellar account is gone for good.
One of the beauties of any cryptocurrencies is that once you own the secret key (or sometimes called private key) to your account, you can do anything with your account at any time that you want 24×7.
2. Change Trust
Once you know which wallet you want to use to store TDC, you can look for TDC asset by searching for:
Asset name: TDC
Issuer: GALZ4WFY7AUUOIIPWDO33GG22HAEC2AX7ZZ7B3MZVXBEJWDSXQECZG6R
then “add trust”.
3. Acquire or Dispose of TDC
There are 2 ways to own TDC. First is to trade XLM for TDC on any Stellar DEX, such as here and here. And second is to contact us to do a full KYC for account opening and exchange THB for newly minted TDC tokens.
To exchange TDC to other Stellar assets, you can trade it back to XLM on the DEX, and then transfer to any other DEX assets of your choice.