Trending...
- OncoBeta Introduces Rhenium-SCT for Non-Melanoma Skin Cancer at Theageneio Cancer Hospital of Thessaloniki
- Arizona Pest Control Surpasses $200,000 in Contributions to Southern Arizona High School Sports and Education Programs
- Spokane: City And County Seek Federal Grant to Plan for Road Network Wildfire Resilience
EIG Global Trust, the global leader in digital currency project financing, announced today the completion of the Blockchain Security Audits of both stablecoins; EIG Bank Coin (EIGBC) and USD Gold (USDG). Additionally, the company completed a proof of reserves internal audit in compliance with American Institute of Certified Public Accountants' (AICPA) criteria.
NEW YORK & LONDON - Washingtoner -- These all-important milestones back EIG Global Trust mission to provide confidence to partners that their digital currencies foundations are secure and user wallets are protected. The audits of EIGBC and USDG reviewed the integrity of the blockchain application, code, logic, architecture and smart contracts along with associated interfaces including websites that show verifiable blockchain transactions. The audit reports validate EIG Global Trust commitment to transparency, data security and protection, as well as compliance with critical blockchain code standards to ensure efficiency and mitigate any cybersecurity threats.
The audits were conducted by industry leader Hashlock, a trusted, fully independent smart contract auditing & web3 security firm. Hashlock has performed more than 100 security audits of digital currencies that exceeded $25 billion in market cap.
Hashlock's analysis concluded "the EIG Bank Coin (EIGBC) project has a sound and well-tested code base. Overall, the code is correctly ordered and follows industry best practices. The code is well commented on as well. To the best of our ability, Hashlock is not able to identify any further vulnerabilities." Concerning USD Gold (USDG), Hashlock stated "All contracts, libraries, and interfaces follow standard best practices to help avoid unnecessary complexity that increases the likelihood of exploitation... The code is very well commented on and closely follows best practice nat- spec styling. All comments are correctly aligned with code functionality."
More on Washingtoner
Additionally, EIG Global Trust applied the AICPA recent stablecoin sufficiency of assets criteria in performing an internal audit by a licensed CPA. The audit focused on the asset backing of the EIGBC and USDG stablecoins reviewing the completeness, accuracy, and disclosures of the stablecoin issuer's redeemable tokens/coins outstanding, redemption assets available to redeem, and the redemption assets are equal to or greater than the redeemable stablecoins outstanding, the ratio of proof of reserves.
The internal audit reported that EIGBC ratio of proof of reserves were 109% & USDG ratio was 833%, meaning that both stablecoins are more than 100% backed by registered and verifiable precious metals and gold.
These achievements of security audits and validation of proof of reserves shows EIG Global Trust continues to lead the world in digital currency transformation or "tokenization" in project financing for governments, banks, and other financial entities. EIG Global Trust is better positioned to provide partners the confidence to join EIG Global Trust in this transformation with these independent audit verifications and AICPA compliant procedures and valuations.
About EIG Global Trust:
EIG Global Trust (EIG) wholly owned EIG Bank Coin (EIGBC) stablecoin, a digital asset built on a secured private blockchain, is backed by more than $1 trillion USD in registered and verifiable gold and precious metals. The EIGBC is a $1 million USD denominated par value stablecoin. EIGBC is actually "doubled back" by cash and cash equivalents plus the secured gold and precious metals that has a growing asset base at a rate of over 200% annually.
More on Washingtoner
EIG Global Trust also has issued a commercial and retail level stablecoin for settlement purposes, USD Gold (USDG); a $100 US denominated par value stablecoin token that is initially backed by $50 billion USD in gold and precious metals.
EIG Global Trust also has the regulatory approvals in 71 countries to support by providing underlying collateral for economic stabilization of currency and credit lines for these client countries central, commercial banks, and other financial entities for project financing.
EIG Global Trust is offering a limited time partnership opportunities with the world's premier project financing leader using audited digital currencies that are 100% registered and verifiable precious metals and gold backed.
See https://www.eigglobaltrust.com
About Hashlock:
Hashlock is a leading blockchain security and smart contract auditing firm dedicated to providing top-tier security services for blockchain projects. With a team of experts well versed in blockchain technology and smart contract auditing, Hashlock helps organizations identify vulnerabilities and ensure the reliability and security of their blockchain-based applications. https://www.hashlock.com.au/
The audits were conducted by industry leader Hashlock, a trusted, fully independent smart contract auditing & web3 security firm. Hashlock has performed more than 100 security audits of digital currencies that exceeded $25 billion in market cap.
Hashlock's analysis concluded "the EIG Bank Coin (EIGBC) project has a sound and well-tested code base. Overall, the code is correctly ordered and follows industry best practices. The code is well commented on as well. To the best of our ability, Hashlock is not able to identify any further vulnerabilities." Concerning USD Gold (USDG), Hashlock stated "All contracts, libraries, and interfaces follow standard best practices to help avoid unnecessary complexity that increases the likelihood of exploitation... The code is very well commented on and closely follows best practice nat- spec styling. All comments are correctly aligned with code functionality."
More on Washingtoner
- New Six-Figure Media Agreement Builds Powerful Momentum, Expanding Government Contracts, FBI Access and Growing AI Recognition: Cyabra (NAS DAQ: CYAB)
- Christmas Beats Summer in Paris: Travel Photoshoots Peak on Dec. 30
- Qscription Technologies Welcomes Joanna Krause, MD, MRMD to Its Clinical Advisory Board
- Jamie Foxx's SKVLK Fest Sets the Record Straight on Stabbing Reports Following Star-Studded Celebration
- Andrew Balzano Releases One of My Life's Passions: Classics and Mysteries, a Fan's Guide to Great Mysteries Worth Rewatching
Additionally, EIG Global Trust applied the AICPA recent stablecoin sufficiency of assets criteria in performing an internal audit by a licensed CPA. The audit focused on the asset backing of the EIGBC and USDG stablecoins reviewing the completeness, accuracy, and disclosures of the stablecoin issuer's redeemable tokens/coins outstanding, redemption assets available to redeem, and the redemption assets are equal to or greater than the redeemable stablecoins outstanding, the ratio of proof of reserves.
The internal audit reported that EIGBC ratio of proof of reserves were 109% & USDG ratio was 833%, meaning that both stablecoins are more than 100% backed by registered and verifiable precious metals and gold.
These achievements of security audits and validation of proof of reserves shows EIG Global Trust continues to lead the world in digital currency transformation or "tokenization" in project financing for governments, banks, and other financial entities. EIG Global Trust is better positioned to provide partners the confidence to join EIG Global Trust in this transformation with these independent audit verifications and AICPA compliant procedures and valuations.
About EIG Global Trust:
EIG Global Trust (EIG) wholly owned EIG Bank Coin (EIGBC) stablecoin, a digital asset built on a secured private blockchain, is backed by more than $1 trillion USD in registered and verifiable gold and precious metals. The EIGBC is a $1 million USD denominated par value stablecoin. EIGBC is actually "doubled back" by cash and cash equivalents plus the secured gold and precious metals that has a growing asset base at a rate of over 200% annually.
More on Washingtoner
- Spokane: City Details Veterans Day Schedule
- The 4th Annual Newark Summit for Economic Development, Placemaking & Innovation Returns on December 8th
- Romanian Software Company ASSIST Software Ranks Second Nationally Among Large Enterprises in Its Category
- Washington Nurse Introduces Nightingale Care Hub to Help Families Organize Care
- HIRO Ostomy Belt Launch by Richard O'Hamill
EIG Global Trust also has issued a commercial and retail level stablecoin for settlement purposes, USD Gold (USDG); a $100 US denominated par value stablecoin token that is initially backed by $50 billion USD in gold and precious metals.
EIG Global Trust also has the regulatory approvals in 71 countries to support by providing underlying collateral for economic stabilization of currency and credit lines for these client countries central, commercial banks, and other financial entities for project financing.
EIG Global Trust is offering a limited time partnership opportunities with the world's premier project financing leader using audited digital currencies that are 100% registered and verifiable precious metals and gold backed.
See https://www.eigglobaltrust.com
About Hashlock:
Hashlock is a leading blockchain security and smart contract auditing firm dedicated to providing top-tier security services for blockchain projects. With a team of experts well versed in blockchain technology and smart contract auditing, Hashlock helps organizations identify vulnerabilities and ensure the reliability and security of their blockchain-based applications. https://www.hashlock.com.au/
Source: EIG Global Trust
0 Comments
Latest on Washingtoner
- Shiokly Launches Online Marketplace to Help Singapore Home-Based Businesses Sell More, With First Product Listed Free
- Freight Broker 911 and Milton Collier Introduce "What's The 911?"—A New Podcast Built on Real Talk, Real Freight, and Real Opportunity
- PropAccount.com Launches PropWallet, Turning Prop Firm Payouts Into Repeat Sales
- Spokane: City And County Seek Federal Grant to Plan for Road Network Wildfire Resilience
- The Great Junk Hunt Returns to Monroe: Kick Off Your Holiday Shopping at the Ultimate Vintage Treas
- AI Trading Agents Track Aerospace and Defense US Stocks Amid Rising Technology Investment (SATS, GILT, TSAT, IREN, JOBY, LUNR)
- KOLBUS America, For All Of Your Hycorr Equipment And Service Needs
- Evluma's RoadMax Edge Roadway Luminaires Earn DarkSky Approved Status
- Heritage at Hopewell Announces New 3.875% Year-One Mortgage Rate Buydown Incentive on Quick Delivery Townhomes (7.11% APR)
- New TROP2 Research Breakthrough Strengthens REQORSA® Gene Therapy Story as Roche Collaboration Advances Precision Lung Cancer Treatment: Genprex, Inc
- Tacoma: Public Hearing for Off-Street Parking Code Update Set for December 1
- Rent a Truck or Hire Movers? New Data Shows Fuel Now Makes Up to 40% of DIY Moving Costs
- Spokane: SPD Makes an Arrest in Yesterday's Early Morning Shooting
- Spokane: Mayor Brown Introduces 2027-2028 Budget Proposal
- Club Wyndham Research Identifies the "Holiday Rewind Effect": 93% of Parents Recreate Their Own Childhood Holidays for Their Kids
- IEI Rugged IP66 Panel PC Brings Real-Time Visibility to Heavy-Duty Mining Fleets
- FDA Approval; Major Milestone for Preservative-Free Ketamine Ahead of FDA Goal Date for Treatment of Suicidal Depression by NRx Pharmaceuticals, Inc
- Building a Technology Powerhouse-From AI Drones and Global Acquisitions to Defense, Enterprise Software and the Future of Autonomous Operations $ZENA
- Shelter Structures America backs MATRA Second Life Project to turn retired tent vinyl into homes for displaced families
- P-Wave Press Announces Becoming Dad: Reflections for New Fathers by L. A. Davenport
