100% Undeniable Transparency
Each state that uses Concoin will report holdings monthly. Up to 95% of Concoin's reserves will be held by the state agencies that house inmates. Accounting checks and balances in the reports assure transparency.
100% Backed by Concoin's Reserves
What makes Concoin the most trusted stablecoin is the reserves. Reserves and their value are trusted because multiple state agencies are responsible for holding funds, not independent companies (like other stablecoins).
Stablecoin Transparency Act
Concoin follows Stablecoin Transparency Act; 2022 Senate Bill ('SB') 3970 that states each Stablecoin issuer must publish a report to their website on a monthly basis that details the reserves held by the issuer that has been audited by an impartial third party.
World-Class Support
All questions are addressed, no matter if it's an inmate's family member, an inmate, a regular user, or facility administrator. We are here to help by phone or email to answer all questions.
Reduced Volatility
Concoin is designed to minimize price volatility by means of valuation equal to the U.S. dollar at a rate of 1 to 1. This removes the volatility seen in other cryptocurrencies.
Fast Transfers
Concoin follows the Stablecoin Transparency Act that states each Stablecoin issuer must publish a report to their website on a monthly basis that details the reserves held by the issuer that has been audited by an impartial third party.
