Mete® Coin is a stable, interest-free medium of exchange — it differs from traditional fiat money and CBDCs in several key ways.
Mete® Coin vs. traditional money & CBDCs
- Issuer — a private, non-banking organization (Mete Foundation Asset Management Inc.®), rather than a central bank.
- Backing — standardized promissory notes and assets converted into Mete® via the Mete Wallet® system.
- Interest — completely interest-free; designed to eliminate debt-based finance.
- Exchange rate — fixed at 1 Mete® = 1 USD (as of December 29, 2022); national currency rates pegged to USD.
- Monetary policy — aims for a closed-loop, debt-free economy focused on stability and equitable distribution.
Compared with other cryptocurrencies
- Sovereign focus — designed to work with governments on national financial reform, not primarily retail or DeFi.
- Asset-backed — backed by real-world assets: gold, silver, bonds, sovereign guarantees and promissory notes.
- Stability — a “digital bond coupon currency” aimed at preserving value.
- Capital accounting — corporations can list it as capital on their balance sheets.
- Humanitarian & development utility — positioned as a tool for humanitarian financing and national development.
A stable, asset-backed digital bond for public finance and development — with humanitarian and sovereign-grade applications.