Republic Note Basics
What is an eligible digital asset?
An eligible digital asset (sometimes called a "stablecoin") are tokens designed to closely track the value of a dollar or other assets. As with any other digital assets, there are certain risks to holding and using eligible digital assets.
We will deem a digital asset "eligible" if it is (1) not a security under U.S. federal securities laws; (2) readily convertible into U.S. dollars; (3) readily accessible to Republic Note holders; and (4) designed to have, does in fact have, and can be expected to have very low or no price volatility.
Deeming a digital asset “eligible” does not mean we will decide to use it.