International Stable Currency: A Flatcoin Preserving Wealth

Face inflation head-on. Get into ISC, the flatcoin powerhouse preserving purchasing power. It’s time to level up!

8 min readMar 28, 2024

Other world currencies are coming to ISC

Balaji S. Srinivasan, former CTO of Coinbase and General Partner at Andreessen Horowitz said:

“[There are] two kinds of stablecoins. Fiatcoins are pegged to an external fiat currency like USD, directly or indirectly. Flatcoins are newer. If fiat itself starts to inflate, it isn’t really stable. So a flatcoin optimizes instead for price flatness [against] an on-chain basket of goods”

Consider this

Fiat currencies and fiat-backed stablecoins have faced an average annual inflation rate of 2% over the past decade. Stablecoins pegged to these fiat currencies, have mirrored this trend, failing to shield investors from the eroding impact of inflation.

The United States recently experienced its worst inflation in decades recording 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.

Lads, the outlook isn’t good as public debt is set to rise steadily every year.

For context, 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 a timeline of 7 years.

International Stable Currency is a flatcoin, the first of its kind on Solana.

In contrast to fiat currencies and fiat-backed stablecoins, ISC’s design is a testament to a forward-thinking approach that not only maintains value but also positions itself as a hedge against inflation.

In case you’re completely new to finance, ISC is like a superhero coin that doesn’t change its value a lot. So, if you have one ISC today, it can still buy you the same amount of goods or services tomorrow.

What makes ISC cool is that it’s not just a regular stablecoin tied to one currency like the US Dollar. Instead, it’s backed by a mix of things like commodities, bonds, and stocks.

ISC is all about giving you a stable and globally usable currency that’s not bound by the usual money problems.

The money problems ISC is solving

Innovation is the lifeblood of web3. As Solana Maxi’s, we stand on the cusp of a groundbreaking shift, waving goodbye to the traditional USD stablecoins and embracing the International Stable Currency (ISC).

This revolutionary stablecoin is not just a medium of exchange; it’s a beacon of financial resilience and the future of money. International Stable Currency (ISC) aims to address several key problems within the current financial landscape:

Inflation Resistance: ISC seeks to provide a stable store of value that is resistant to the erosive effects of inflation. By not being pegged to any fiat currency, it aims to shield users from the devaluation often associated with traditional currencies.
Dependency on Fiat Currencies: Unlike many stablecoins tied to a single fiat currency, ISC endeavors to break free from such dependencies. This independence is designed to mitigate risks associated with fluctuations in the value of any specific fiat currency, especially given the challenges faced by some major fiat currencies. In 2024 alone, the Nigerian naira has devalued by about 25%.
Limited Global Usability: Traditional currencies and some stablecoins are often confined by national borders and currency controls. ISC’s mission is to offer a stable and globally usable currency, facilitating transactions beyond geographic and jurisdictional boundaries, both online and offline.
Diversification of Asset Backing: ISC seeks to minimize risks associated with single-asset backing 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. This addresses the problem of financial exclusion and inequality, where certain populations lack access to stable financial instruments.
Risk of Currency Devaluation: Excessive money printing by central authorities can lead to currency devaluation. ISC’s design aims to mitigate this risk by avoiding direct pegging to fiat currencies, offering a potential solution to the challenges associated with traditional monetary policies.

By tackling these problems, ISC envisions itself as a solution that empowers users with a stable, globally accessible, and inflation-resistant currency, contributing to a more resilient and inclusive financial ecosystem.

ISC was born as the NEW GLOBAL VAULT

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

ISC launched for $1.55 and has grown by 5.81% to its current price of $2.64, representing the percentage growth in its real-world assets. As I stated earlier, you don’t 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 not only assures stability but opens the gateway for the currency to appreciate over time.

The Fiatcoin vs Flatcoin Battle

According to Enoch Sim, the Eno you know Eno ISC,

“Why do you [the customer] 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 no stablecoin protocols not share their profits made off customers with their customers?

Web3, blockchain technology, and crypto were created to disrupt the traditional ways of money and all archaic industries. Why are we not doing that?

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 you and I took the risk as customers, yet Tether takes all the profit while we keep patronizing them without even having a say in governance or even staying safe from inflation.

Flatcoins represent a nascent token economy wherein the featured token [in this case ISC], serving as a value store, dynamically adjusts its valuation over time to mirror fluctuations in inflation. The primary objective is to safeguard and maintain the purchasing power of those holding the token.

What sets ISC apart is its independence from any fiat currency, including the USD.

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.

The market opportunity for flatcoin is enormous.

With Defillama’s reported fiat-backed stablecoin market cap towering at $135.68 billion, the stark contrast of Flatcoin’s market cap below $5 million presents an enormous opportunity waiting to be seized. The potential for growth and market penetration for Flatcoin is vast, underscoring a promising landscape for exploration and expansion.

As Solana Maxi’s, the choice is clear. While USD stablecoins may offer a semblance of stability, they are tethered to currencies grappling with their challenges. ISC stands as a dynamic, future-forward currency backed by a diversified asset portfolio, poised not only to maintain value but potentially appreciate over time.

ISC Governance

Governance is not just a buzzword; it’s 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, Raydium, and the like. The importance of a governance token and good tokenomics cannot be overstated.

The ISC governance token is IGT and 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, read the next part and level up.

How to use ISC

The goal is for all Solana maxis to level up, so, let’s get you started with Solana’s first Flatcoin.

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

Step 2: Scroll down to the bottom of the page and click on Buy or Sell ISC choosing 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 some 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: Make purchases with Candypay using ISC.

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

The mission of ISC is crystal clear: to create a stable, international currency accessible for any transaction, online or offline including passive earnings. This 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 truly global, unrestricted, and secure.

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

Conclusion

In conclusion, ISC is not just a stablecoin; it is a paradigm shift in the world of 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; it is the present reality I invite you to embrace. Seize the opportunity and join the movement towards a superior financial paradigm with the International Stable Currency.

Level up.