MRHB and Gold & Silver Standard (GSS) Partner to Expand

MELBOURNE, Australia, Sept. 19, 2022 (GLOBE NEWSWIRE) — MRHB.Network, a halal decentralized finance ecosystem, companions with Gold & Silver Standard (GSS), a part of the Ainslie Bullion Group, a number one Australian bullion seller since 1974, and might be itemizing the GSS Gold Standard ($AUS) and Silver Standard ($AGS) 100% bullion backed tokens in MRHB’s Sahal pockets.

The partnership with Gold & Silver Standard will present to MRHB’s moral group a brand new halal providing – gold & silver tokens with $AUS and $AGS to $USDC/USDT pairings made accessible on TijarX, the upcoming commodities DEX built-in in MRHB’s Sahal Wallet, which might be launched in late September.

“MRHB is very proud to be partnering with Gold & Silver Standard from the Ainslie Bullion Group,” says MRHB CEO Naquib Mohammed. “Gold and silver bullion-backed stablecoins will be a great addition to our DeFi offerings. In these times of ‘crypto winter’ and global recession, when people are finding ways to protect their wealth from volatile markets and inflation, gold and silver are supposedly the safest hedge against the situation, and have been a stable form of storing wealth since 1500 BC.”

Naquib provides, “We are more than confident that the partnership will be welcomed by our investors and ethics concerned community, as the volatility of the crypto market is one of the main reasons keeping potential new entrants out of the ecosystem. Due to the benefits of tokenization and borderless trade possible on the TijarX DEX, investors will be able to buy the cheapest gold and silver in the world, even in small amounts.”

For Gold & Silver Standard, which means their gold and silver bullion-backed tokens, the largest promoting in Australia, will now be made rather more simply accessible to not solely the Islamic Finance funding group however the wider world crypto and Web3 group.

“We are excited to bring our gold and silver standard stablecoins to previously excluded communities through our partnership with MRHB,” feedback Paul Engeman, Director of Gold & Silver Standard and Ainslie Bullion, Brisbane, Australia. “We are confident that Gold & Silver Standard’s Australia-based vault provides one of the safest places in the world to store bullion and safeguard token value. Bullion-backed cryptocurrency has been growing in popularity worldwide, and we look forward to cementing our goal of being the #goldsilverstandard of the metaverse.”

Stablecoins are identified to be safe investments towards the widely risky backdrop of the cryptocurrency markets. A analysis report by the Social Science Research Network discovered gold-backed stablecoins to be much less risky than Bitcoin. Indeed, knowledge from Arcane Research exhibits that gold-backed tokens have seen huge development in 2022 with a market cap that has surpassed USD 1 Billion.

The Gold and Silver Standard tokens might be made accessible in AUS-USDC/USDT and AGS-USDC/USDT pairings, permitting all MRHB customers to safely make gold and silver investments utilizing US dollar-backed stablecoins. Each AUS and AGS token owns precisely one gram of gold or silver bullion, current bodily in Reserve Vault in Brisbane, audited quarterly by world assurance agency PKF, and insured by the world’s main insurer.

In early September this 12 months, the MRHB Team visited the HQ of Ainslie in Brisbane to personally make sure the tech and bodily infrastructure of GSS.

“Gold & Silver Standard outperforms its competitors, making it the ideal choice for investing in real gold and silver. They are fully redeemable for metal, independently verified, fully allocated with direct legal ownership, available to trade 24/7 and brought to you by a nearly 50-year-old bullion dealer, independent of government and financial institutions and domiciled in geopolitically safe Australia,” mentioned Engeman.

As a part of the partnership, MRHB and GSS might be creating a number of Gold & Silver backed crypto choices in a 3-year roadmap.

About MRHB.Network

MRHB.Network is a halal, decentralized finance platform constructed to embody the true spirit of an “Ethical and Inclusive DeFi” by following faith-based monetary and business ideas, the place all excluded communities can profit from the complete empowerment potential of DeFi.

The numerous group includes researchers, technocrats, influencers, Islamic fintech consultants & business entrepreneurs, who got here collectively to be certain that MRHB DeFi prevails in a fashion that may influence society as a complete, basically bridging the hole between the faith-conscious communities and the blockchain world.

About Gold & Silver Standard

Founded in 1974, Ainslie Bullion, father or mother firm of Gold & Silver Standard, is considered one of Australia’s oldest and largest bullion sellers. In 2019, they launched their Gold Standard and Silver Standard cryptocurrency tokens, permitting traders to buy gold and silver bullion-backed tokens 24/7 with the arrogance of figuring out their investments are safely locked up in a safe vault run by a longtime bullion knowledgeable in a geopolitically secure nation.

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