Diamond Standard Co. Announces Listing of Carats, the First Fungible Commodity Currency on Bitrue

Diamond Standard Co., developer of the world’s only regulated and market traded natural diamond commodities, announces Carats—a fungible digital commodity currency issued by real world Diamond Standard Coins and Bars, now listing on Bitrue. Carats can be used for electronic payments, and are exempt from most money transmitter and cryptocurrency regulations because they are a title to a deliverable commodity. This is the first fungible commodity currency to list on Bitrue, now trading globally.

Carats™ are issued from wirelessly audited, physical commodities held by Brinks. Unlike Bitcoin or stablecoins like Tether, Carats are not issued by a sponsor, by computers, or from thin air. As electronic documents of title, Carats sit outside securities and cryptocurrency regulations, so platforms like social networks or games may be able to offer payment features without money transmitter licenses. The value of Carats is based on the market price of diamond commodities.

Users can transfer Carats anywhere using a mobile phone, or sell them for local currency. Or return enough Carats to a Diamond Standard Coin or Bar to transact or take delivery of that physical commodity—without requesting permission, and without fees.  Carats are equivalent to an investment in Diamond Standard commodities, that can be transacted on a blockchain.