International Stable Currency: Redefining Wealth Preservation

Solana Maxi’s, it’s time to break free from fiat-backed stablecoins. Get into International Stable Currency, the flatcoin powerhouse preserving wealth and purchasing power.

8 min readFeb 28, 2024

With global inflation flying high, there’s a need to hold onto a currency that fights inflation, and that currency is International Stable Currency (ISC), the first flatcoin on Solana.

Brian Armstrong, CEO of Coinbase said:

“What is a flatcoin? Well, it’s interesting to compare it to what we have today… one of the challenges with stablecoins is that they’re backed by fiat [currency], so that means they have a lot of the same inflation risks [as fiat itself]. We want our money to preserve its purchasing power.”

The United States recently experienced its worst inflation in decades: 7%, 6.5%, and 3.4% inflation rates in 2021, 2022, and 2023 respectively.

The United States 40-year inflation chart

Deplegeswm reported that the United States Federal Reserve printed approximately $3.3 trillion in 2020 alone to cushion the effect of COVID-19, which, according to City AM, equals one-fifth of all US dollars in circulation.

That’s a lot of money printing in a short time; more money printing means more inflation.

To help you understand how inflation works, the average home Airbnb rental cost in the United States was $153.64 in 2015 and about $316 in 2022. It means it costs you an extra $122.64 to rent an Airbnb in the United States within 7 years.

As seen above, fiat is a government-issued currency like the Dollar, which has faced an average annual inflation rate of 2% over the past decade. Stablecoins like Tether and Circle’s USDC which are pegged to fiat, have mirrored this trend, failing to shield investors from the eroding impact of inflation.

On the contrary, a flatcoin is a secure currency that is backed by hard assets and financial instruments with low volatility: making it a good store of value and a hedge against inflation.

A flatcoin is designed to maintain value and be a hedge against inflation.

International Stable Currency (ISC)is a flatcoin.

ISC is the first flatcoin on the Solana blockchain. ISC distinguishes itself by being backed by a diversified basket of assets, including commodities, bonds, and stocks.

ISC does not lose its value like the USD. So, if you have 153.64 ISC today, you can still rent the same Airbnb 7 years later, compared to the US dollar.

What is ISC?

ISC was born as the NEW GLOBAL VAULT

Launched during the Solana Hacker House Ho Chi Minh City on March 19th, 2023, ISC became the first flatcoin on Solana.

ISC launched for $1.55 and has grown by about 5.81% to its current price of $1.6497, representing the percentage growth in its real-world asset value. As I stated, you do not have to worry about inflation with ISC.

ISC is engineered for both stability and growth. Its uniqueness lies in being pegged to a diversified basket of financial assets, including commodities, bonds, and equity. This ensures the currency appreciates over time.

Flatcoins like ISC give you a stable and globally usable currency not bound by money problems faced by stablecoins.

The money problems ISC is solving

ISC is not just a medium of exchange; it’s a beacon of financial resilience and the future of money. ISC aims to address several key problems:

Inflation Resistance: ISC seeks to provide a stable store of value resistant to the erosive effects of inflation. By not being pegged to fiat, it aims to shield users from fiat devaluation.
Limited Global Usability: Fiat-backed stablecoins are often confined by national borders and currency controls. ISC’s mission is to offer a stable and globally usable currency.
Diversification of Asset Backing: ISC seeks to minimize risks associated with fiat-backed stablecoin by pegging its value to a diversified basket of financial assets including the AGGU, IB01, SGLD, VWRA, and USD.
Unequal Access to Stable Currency: ISC aims to provide equal access to an inflation-resistant currency for everyone, regardless of geographical location or financial status.
Risk of Currency Devaluation: Excessive money printing by central authorities can lead to devaluation. In 2024 alone, the Nigerian naira has devalued by about 25%. ISC’s design aims to mitigate this risk by avoiding direct pegging to fiat currencies.

The Stablecoin vs Flatcoin Battle

1. Reward for users and customers

According to Enoch Sim, the Eno ISC you know,

“Why do we [the customers] take all the risk with a [fiat-backed] stablecoin while Yether [the stablecoin protocol] takes all the money [profit]?”

Watch the full video here

I agree with Eno here, why do stablecoins not share their profits with their customers? Flatcoins do the opposite.

ISC serves as a store of value and dynamically adjusts its valuation over time to mirror fluctuations in inflation. The primary objective is to safeguard the purchasing power of those holding the flatcoin.

Crypto was created to disrupt traditional finance. Why are we not disrupting traditional finance?

ISC asked on June 4th through their Twitter (now X) handle:

Stablecoins should actively generate income and act as a store of value. Can anyone explain why we still use USD stables?

Recently, Tether announced $2.85 billion in profit, setting a new record in assets backing the stablecoin. It means that we took the risk as customers, yet Tether takes all the profit while we patronize them without having a say in governance or staying safe from inflation.

2. Global access to financial services

Statistics indicate that nearly 1.7 billion adults globally lack access to traditional financial services. ISC aims to bridge this gap, providing everyone with the peace of mind that comes with an inflation-resistant currency.

It is not just about maintaining purchasing power; it’s about empowering individuals worldwide with a currency that is resilient and accessible. This gap in financial services shows that the market opportunity for flatcoin is enormous.

3. Potential for growth

With Defillama’s reported stablecoin market cap towering at $135.68 billion, the stark contrast to the entire flatcoin market cap below $5 million presents an enormous opportunity.

The potential for growth and market penetration for Flatcoin is vast, underscoring a promising landscape for exploration and expansion.

The choice is clear. While USD stablecoins may offer a semblance of stability, they are backed by currencies grappling with their challenges. ISC stands as a dynamic, future-forward currency backed by a diversified asset portfolio, poised to maintain value and potentially appreciate over time.

ISC Governance — giving the people power

As a Solana project, governance is not just a buzzword; governance is a pivotal element ensuring decentralization, placing power directly in the hands of the ISC community.

Most community-grown protocols have always come out strong, from Uniswap to Jupiter, Jito, and Raydium. A governance token and good tokenomics are relevant.

The governance token (IGT) allows the ISC community to agree on any change that should be made to the project. Should the community want a new feature, a Yes/ No voting process would be done using the governance token as an eligibility criterion to vote.

The ISC governance token is IGT. Below is the IGT tokenomics:

As Solana maxis, we love full decentralization in Solana and would accept only that. ISC offers the community an opportunity to take part in governance with its governance token airdropped to holders of ISC monthly.

5 million IGT tokens are airdropped monthly to ISC holders as part of the community-incentivized airdrop.

Read the next part and level up.

How to use ISC

The goal is for all Solana maxis to level up and get started with the first Flatcoin on Solana.

Step 1: Visit https://www.isc.money/

Step 2: Scroll down to the bottom of the page and click on Buy or Sell ISC via any of your preferred pools.

Step 3: Connect your wallet to your preferred buy pool on Jupiter or Orca.

Step 4: Buy some ISC flatcoin.

Step 5: You can make passive income by lending your ISC on Solend (let your money work for you)

Step 6: You can also earn some passive income by providing liquidity for ISC pools on Raydium, Meteora, and Orca.

Step 7: You can make purchases with Candypay, an online payment platform, using ISC.

Step 8: Check your ISC dashboard and stay up-to-date.

Join the ISC mission

The mission of ISC is crystal clear: to create a stable, international currency accessible for any transaction at any time and location. ISC extends beyond the Solana ecosystem, offering a currency not bound by the limitations of geopolitical boundaries or single-government influence.

ISC opens the door to a world where your financial transactions are global, unrestricted, and secure.

If you’re new to Solana, get some ISC and level up.

Conclusion

In conclusion, ISC is not just a currency; it is a paradigm shift in finance. It offers a path to financial empowerment, global accessibility, and resilience against the erosive forces of inflation.

ISC is not just the future of money; ISC is the present reality that I invite you to embrace. Seize the opportunity and join the movement towards an inflation-resisted future with the International Stable Currency.

Level up.