BiLira is a stable cryptocurrency that is backed by the Turkish Lira. This means that you can always buy and redeem 1 BiLira for ₺1.00 Turkish Lira.
BiLira can be used as a stable currency for digital exchange.
Every BiLira is always 100% collateralized by TL and is custodied by our banking partners.
You can send the BiLira ERC-20 token to anyone in the world within minutes.
Explore and interact with decentralized finance products, easily exchange with other assets.
The bank account holdings will be audited and published regularly to prove existence of funds.
Anyone who passes a KYC/AML check can purchase and redeem BiLira.
User wires funds to the Custodian Bank.
Bank confirms the transaction and notifies BiLira.
BiLira mints tokens and transfers to recipients Wallet.
User sends tokens for redemption to an address provided by BiLira.
Once BiLira receives the tokens, they are removed from the total supply.
BiLira notifies the Custodian Bank to wire funds to recipient's bank account.
Every BiLira is 100% backed by Turkish Lira and can be redeemed from our banking partners.
Any user that passes our required identity verification process.
The easiest way is to mint new BiLira through our platform.
Alternatively, BiLira can be easily purchased through our Exchange partners as well.
The easiest way to convert BiLira through our platform.
Alternatively, BiLira can be easily exchanged for Turkish Lira through our Exchange partners as well.
All funds are kept in Turkish bank accounts and regular quarterly audits will be published to provide transparency for our stakeholders.
BiLira is the first stablecoin to be backed by a local asset, the Turkish Lira. We anticipate everyone to benefit from Blockchain powered trust that allows fast and secure settlements with low transaction fees.
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