Cryptocurrency in Ukraine, despite all the challenges, is making strides forward. One of the driving forces behind its progress is the cryptocurrency exchange WhiteBIT. UAHg, the first Ukrainian stablecoin, will be added to the list of available assets on the platform. This is a significant step forward for the cryptocurrency community, opening up numerous opportunities for both businesses and regular users.
UAHg is a stablecoin pegged to the Ukrainian hryvnia (UAH) at a 1:1 ratio, created to support Ukrainian crypto projects and represent the value of the hryvnia on the global crypto market. Issued on the Ethereum, Tron, and BNB chain infrastructure.
The mission of UAHg is to provide a convenient and transparent transfer of virtual assets, expand their practical application, as well as avoid the risks of value and liquidity loss. The project focuses on creating a hryvnia crypto infrastructure, where operations can be conducted directly in hryvnia, avoiding double conversion.
One of the first platforms where stablecoin will be available is WhiteBIT, starting from the 18th of December 2023. The key features of UAHg include:
- Representing hryvnia on the global crypto market;
- Maintaining a stable 1:1 ratio with the Ukrainian hryvnia;
- Allowing for secure storage, transfer, and exchange on various platforms;
- Serving as a convenient means of payment and value transfer;
- Functioning as an effective store of value.
UAHg provides access to digital assets for a wide range of users. WhiteBIT founder Volodymyr Nosov emphasized this, stating, “Despite the full-scale war in Ukraine, WhiteBIT takes another big step in the development of the Ukrainian crypto community by adding UAHg to the exchange. UAHg does not incur any additional expenses or fees. Thanks to blockchain infrastructure, businesses can use UAHg to launch new innovative products and attract additional investments. In turn, WhiteBIT continues providing its users access to the best products and service solutions.”
WhiteBIT is one of the largest European centralized crypto exchanges, originally from Ukraine, founded in 2018. The exchange offers 350+ trading pairs, 270+ digital assets, and 10 state currencies. The company is an official partner of the Ukrainian national football team, FC Barcelona, FC Trabzonspor, and FACEIT. The goal of WhiteBIT is the mass implementation of blockchain technology worldwide.