Author: Lingdian Night Talk
Translation/Posting: Langford
In the first half of 2022, RM Sotheby’s (RM Sotheby’s), the world’s largest collectible car auction house, successfully completed nearly 10 million dollar worth of transactions through the HPAY payment application system developed by Himalaya Exchange, using its encrypted digital stable currency Himalaya Dollar (HDO). These $10 million deals include a McLaren for over $5 million and a Ferrari for €3.6 million.
The transaction of this McLaren 1989 MP4/5 F1 driven by the famous racing car driver Ayrton Senna was conducted by RM Sotheby’s through the HPAY in March 2022. And in June 2022, the Ferrari 640, driven by British racing driver Nigel Mansell for Ferrari in the 1989 F1 season, was also traded through HPAY.
“HDO has gained the trust of RM Sotheby’s. The exchange of HDO into the relevant currency was seamless. The executives and staff of Himalaya Exchange acted with the utmost professionalism,” RM eby’s president Bryan Madsen said of the purchase.
William Je, founder of Himalaya Exchange, said, “I am extremely pleased that the buyer decided to purchase this world-class car using HDO”.
Despite the recent decline in the cryptocurrency market, HDO has remained a stable value of 1:1 with with USD, making HDO the only stablecoin in the world to remain completely stable during current digital currency turbulent period.”
The recent volatility in the cryptocurrency market is a benign survival of the fittest for the entire cryptocurrency market ecosystem. Especially for a real digital stablecoin like HDO, it provides investors with a high degree of liquidity and reliability, giving it excellent “immunity” against market fluctuations.
The Himalaya Dollar (HDO), a digital stablecoin developed by Himalaya Exchange, is fully backed by reserves consisting of cash-equivalent assets such as cash and government securities, and is audited by Armanino LLP, a well-known American accounting, consulting and technology firm. Auditing, sufficient reserve guarantee and transparency guarantee a true stable value of 1:1 to the US dollar, providing global investors with a trustworthy revolutionary financial solution in the digital age.
Himalaya Exchange is also the world’s first encrypted ecosystem that integrates cryptocurrency exchanges with native trading coin Himalaya Coin (HCN), digital stable coin HDO and payment application HPAY. The platform, and the use of institutional bank-level KYC/AML security algorithm, implements the most stringent compliance procedures, greatly reduces the risk of financial crimes, and provides real value and comprehensive protection for enterprises and individuals investing in cryptocurrencies.
