Crypto platform Wenia, from Grupo Cibest, announced Usdw, a new digital asset replacing Usdc with 1:1 parity to the US dollar. The transition will be automatic and free for users. All existing operations will remain unchanged.
Wenia, a crypto platform under Grupo Cibest, announced the launch of Usdw, its own digital dollar with 1:1 parity to the US dollar. This asset will automatically replace Usdc in user accounts at no cost.
The company stated that users can continue receiving Usdc and Usdt from external wallets without fees. Standard operations, such as transfers to US bank accounts and global payments via Wenia Card, will remain fully available.
Usdw is backed by reserves held in fiduciary custody at Bancoagrícola, a Cibest affiliate in El Salvador. For every Usdw issued, there is an equivalent dollar in financial assets dedicated solely to this currency. Wenia noted that an external auditor will review these reserves, providing daily and monthly reports to verify their value.
