International Stable Currency (ISC) is a stablecoin that is designed to appreciate over time and is pegged to a basket of financial assets, including commodities, bonds, and equity, rather than any specific fiat currency like the US Dollar. ^[1][2]

Overview

Launched in March 2023, ISC aims to establish a universal currency accessible for all online and offline transactions. It aims to ensure equal access to an inflation-resistant currency, giving users confidence to maintain consistent purchasing power over time. ^[1][2]

The idea for International Stable Currency stemmed from the question:

What if there was a stablecoin that directed the returns generated from its reserves back into its token’s value, rather than pocketing the money for themselves?^[3]

ISC aims to address the challenges of fiat currencies and stablecoins by offering a stable and transparent monetary system. Unlike fiat, ISC is designed to appreciate in value, countering the erosion of purchasing power seen with traditional currencies. ^[4]

ISC combines traditional and emerging systems, incorporating centralized corporate structures with decentralized governance models for enhanced strategic oversight and democratic participation. ^[1][4]

ISC Differentiators

Pegged to the Value of an Underlying Basket of Assets

The ISC stablecoin is different from existing stablecoins in that it is not pegged to the US Dollar. Instead, the value of ISC is pegged to the value of the assets held by the ISC Reserves. The price of ISC increases as assets held by the ISC Reserves generate returns. ^[5]

Inflation Resistance Caused by Money Printing

By reinvesting returns from the ISC Reserves into the token price, ISC achieves resistance to inflation within the stablecoin market. Unlike USD-Pegged stablecoins, which devalue with increased circulation of US Dollars, ISC maintains its value and offers a hedge against inflation. ^[5]

Community-Controlled Reserve System

The ISC reserve system is controlled by the community through the governance token. By giving the community voting and oversight powers, it is ensured that the interests of the community are prioritized and that the ISC Reserves are managed responsibly and sustainably. ^[5]

ISC Reserves

The ISC Reserves maintain full possession and ownership of the assets. Meaning that, although ISC is pegged to the value of the assets owned by the ISC Reserves, ISC users do not have direct ownership rights over the assets themselves. Each reserve is tasked with providing liquidity of ISC to the Digital Asset Market, while also buying and selling assets from the Real World Asset Market. ^[6]

ISC Issuer

The ISC Issuer is operated by the ISC Foundation. It is tasked with two principal functions: firstly, it is responsible for the minting and burning of ISC. Secondly, it manages the loans of ISC between itself and the ISC Reserves. ^[7]

Real World Asset Market

The Real World Asset Market refers to the entire market for real & financial assets, including the buying and selling of bonds, equities, commodities, and more. ^[7]

Digital Asset Market

The Digital Asset Market refers to the entire market for cryptocurrencies, including the buying and selling of ISC. ^[7]

Basic Mechanics

The ISC Issuer is responsible for issuing and recalling ISC Loans to the ISC Reserves. The size of each ISC Loan is determined by a variety of factors, such as the liquidity and price of the ISC, as well as the reliability of the ISC Reserve. ^[7]ISC is committed to regular independent audits of the ISC Reserve.

The ISC Reserves provide continuous liquidity for ISC to the Digital Asset Market by buying and selling ISC as appropriate. The cash generated from each ISC is used to implement its ISC Reserve Basket. This system ensures that there is always enough liquidity for users to be able to buy or sell ISC.

ISC Reserves interface with the Real World Asset Market to buy and sell the assets required to implement the ISC Reserve Basket for each ISC in circulation. The assets purchased by the ISC Reserves are used to maintain the ISC Target Price. ^[7][10]

International Governance Token ($INTL)

ISC aims to launch the governance token $INTL with a total supply of 1 billion tokens. 40% of the total supply will be allocated to Incentives and Grants, 40% to Labs and Insurance Funds, and 20% to Core Contributors which will be unlocked over a period of 5 years. ^[8][9]