Popular on TelAve
- Ice Melts. Infrastructure Fails. What Happens to Clean Water?
- Amicly Launches as a Safety-First Social App Designed to Help People Build Real, Meaningful Friendships
- The Legal AI Showdown: Westlaw, Lexis, ChatGPT… or EvenSteven?
- François Arnaud, star of Heated Rivalry, is the real-life inspiration behind Christopher Stoddard's novel At Night Only
- Purple Heart Recipient Honored by Hall of Fame Son In Viral Tribute Sparking National Conversation on Service Fatherhood, Healing and Legacy
- Off The Hook YS (NY SE: OTH) Executes Transformational Apex Acquisition, Creating Vertically Integrated Marine Powerhouse with $60M Inventory Capacity
- AOW Event Sponsored By The Stanglwirt Resort a renowned five-star Austrian wellness destination
- Special Alert: Undervalued Opportunity: IQSTEL (N A S D A Q: IQST) Positioned for Explosive Multi-Year Growth
- Triple-Digit Growth, Strategic N A S D A Q Uplist, Plus A Scalable Healthcare Rollout Model: Stock Symbol: CDIX
- ClearBeam Networks Launches HomeStation: Home Phone 2.0
Similar on TelAve
- JGCMGS Details Architecture to Safeguard Assets From Unauthorized Phishing Scams
- U.S. Government Contracts in Excess of 38 Million Secured Through Partner, Establishing Multi-Year Defense Revenue Platform Through 2032: $BLIS
- Jackets for Jobs Hosts Smart & Sexy® Day Detroit for Women's History Month
- $IBG accelerates toward transformative merger with BlockFuel as $6 million raise fuels dual-industry growth strategy: N A S D A Q: IBG
- High-Growth Power Infrastructure Play Targets AI Boom: 1606 Corp. Executes Aggressive Texas Expansion Strategy: 1606 Corp. (Stock Symbol: CBDW) $CBDW
- Accelerating the Transformation into a U.S. Nuclear Fuel Cycle Leader: Frontier Nuclear and Minerals Inc. (N A S D A Q: FNUC)
- Ozz Metals Ltd Secures 1-Tonne Gold Offtake Agreement
- Compliant Workspace announces partnership with Blackpoint Cyber
- Record Sales Growth After Strategic Acquisitions; New Distribution Agreements for Established Premium Cigar Supplier: Green Leaf Innovations $GRLF
- Acquisition of Israeli Defense Manufacturing Platform to Accelerate AI-Driven Autonomous Systems: VisionWave Holdings, Inc.: (N A S D A Q: VWAV)
EIG Global Trust Completes Blockchain Security and AICPA Compliant Audits to Further Their Commitment to Digital Currency Project Financing
TelAve News/10836140
EIG Global Trust, the global leader in digital currency project financing, announced today the completion of the Blockchain Security Audits of both stablecoins; EIG Bank Coin (EIGBC) and USD Gold (USDG). Additionally, the company completed a proof of reserves internal audit in compliance with American Institute of Certified Public Accountants' (AICPA) criteria.
NEW YORK & LONDON - TelAve -- These all-important milestones back EIG Global Trust mission to provide confidence to partners that their digital currencies foundations are secure and user wallets are protected. The audits of EIGBC and USDG reviewed the integrity of the blockchain application, code, logic, architecture and smart contracts along with associated interfaces including websites that show verifiable blockchain transactions. The audit reports validate EIG Global Trust commitment to transparency, data security and protection, as well as compliance with critical blockchain code standards to ensure efficiency and mitigate any cybersecurity threats.
The audits were conducted by industry leader Hashlock, a trusted, fully independent smart contract auditing & web3 security firm. Hashlock has performed more than 100 security audits of digital currencies that exceeded $25 billion in market cap.
Hashlock's analysis concluded "the EIG Bank Coin (EIGBC) project has a sound and well-tested code base. Overall, the code is correctly ordered and follows industry best practices. The code is well commented on as well. To the best of our ability, Hashlock is not able to identify any further vulnerabilities." Concerning USD Gold (USDG), Hashlock stated "All contracts, libraries, and interfaces follow standard best practices to help avoid unnecessary complexity that increases the likelihood of exploitation... The code is very well commented on and closely follows best practice nat- spec styling. All comments are correctly aligned with code functionality."
More on TelAve News
Additionally, EIG Global Trust applied the AICPA recent stablecoin sufficiency of assets criteria in performing an internal audit by a licensed CPA. The audit focused on the asset backing of the EIGBC and USDG stablecoins reviewing the completeness, accuracy, and disclosures of the stablecoin issuer's redeemable tokens/coins outstanding, redemption assets available to redeem, and the redemption assets are equal to or greater than the redeemable stablecoins outstanding, the ratio of proof of reserves.
The internal audit reported that EIGBC ratio of proof of reserves were 109% & USDG ratio was 833%, meaning that both stablecoins are more than 100% backed by registered and verifiable precious metals and gold.
These achievements of security audits and validation of proof of reserves shows EIG Global Trust continues to lead the world in digital currency transformation or "tokenization" in project financing for governments, banks, and other financial entities. EIG Global Trust is better positioned to provide partners the confidence to join EIG Global Trust in this transformation with these independent audit verifications and AICPA compliant procedures and valuations.
About EIG Global Trust:
EIG Global Trust (EIG) wholly owned EIG Bank Coin (EIGBC) stablecoin, a digital asset built on a secured private blockchain, is backed by more than $1 trillion USD in registered and verifiable gold and precious metals. The EIGBC is a $1 million USD denominated par value stablecoin. EIGBC is actually "doubled back" by cash and cash equivalents plus the secured gold and precious metals that has a growing asset base at a rate of over 200% annually.
More on TelAve News
EIG Global Trust also has issued a commercial and retail level stablecoin for settlement purposes, USD Gold (USDG); a $100 US denominated par value stablecoin token that is initially backed by $50 billion USD in gold and precious metals.
EIG Global Trust also has the regulatory approvals in 71 countries to support by providing underlying collateral for economic stabilization of currency and credit lines for these client countries central, commercial banks, and other financial entities for project financing.
EIG Global Trust is offering a limited time partnership opportunities with the world's premier project financing leader using audited digital currencies that are 100% registered and verifiable precious metals and gold backed.
See https://www.eigglobaltrust.com
About Hashlock:
Hashlock is a leading blockchain security and smart contract auditing firm dedicated to providing top-tier security services for blockchain projects. With a team of experts well versed in blockchain technology and smart contract auditing, Hashlock helps organizations identify vulnerabilities and ensure the reliability and security of their blockchain-based applications. https://www.hashlock.com.au/
The audits were conducted by industry leader Hashlock, a trusted, fully independent smart contract auditing & web3 security firm. Hashlock has performed more than 100 security audits of digital currencies that exceeded $25 billion in market cap.
Hashlock's analysis concluded "the EIG Bank Coin (EIGBC) project has a sound and well-tested code base. Overall, the code is correctly ordered and follows industry best practices. The code is well commented on as well. To the best of our ability, Hashlock is not able to identify any further vulnerabilities." Concerning USD Gold (USDG), Hashlock stated "All contracts, libraries, and interfaces follow standard best practices to help avoid unnecessary complexity that increases the likelihood of exploitation... The code is very well commented on and closely follows best practice nat- spec styling. All comments are correctly aligned with code functionality."
More on TelAve News
- JEGS Launches Modern, Secure Payments Powered by PhaseZero.ai
- U.S. Government Contracts in Excess of 38 Million Secured Through Partner, Establishing Multi-Year Defense Revenue Platform Through 2032: $BLIS
- New Report Reveals Surprising Trends in Ohio Airport Accidents
- Why Your Berberine Failed: RevGenetics Unveils the Absorption Gap Solution
- WCC Kitchens and Cabinets Featured on Selling Houses Australia
Additionally, EIG Global Trust applied the AICPA recent stablecoin sufficiency of assets criteria in performing an internal audit by a licensed CPA. The audit focused on the asset backing of the EIGBC and USDG stablecoins reviewing the completeness, accuracy, and disclosures of the stablecoin issuer's redeemable tokens/coins outstanding, redemption assets available to redeem, and the redemption assets are equal to or greater than the redeemable stablecoins outstanding, the ratio of proof of reserves.
The internal audit reported that EIGBC ratio of proof of reserves were 109% & USDG ratio was 833%, meaning that both stablecoins are more than 100% backed by registered and verifiable precious metals and gold.
These achievements of security audits and validation of proof of reserves shows EIG Global Trust continues to lead the world in digital currency transformation or "tokenization" in project financing for governments, banks, and other financial entities. EIG Global Trust is better positioned to provide partners the confidence to join EIG Global Trust in this transformation with these independent audit verifications and AICPA compliant procedures and valuations.
About EIG Global Trust:
EIG Global Trust (EIG) wholly owned EIG Bank Coin (EIGBC) stablecoin, a digital asset built on a secured private blockchain, is backed by more than $1 trillion USD in registered and verifiable gold and precious metals. The EIGBC is a $1 million USD denominated par value stablecoin. EIGBC is actually "doubled back" by cash and cash equivalents plus the secured gold and precious metals that has a growing asset base at a rate of over 200% annually.
More on TelAve News
- Cat Hunt Simulator : Burrow & Pounce Lands on the App Store
- Shincheonji Marks 42nd Anniversary: From a Basement to a Denomination Growing by Tens of Thousands Annually
- Jackets for Jobs Hosts Smart & Sexy® Day Detroit for Women's History Month
- Tint Academy Training in Dallas Texas: Learn Window Tint & PPF Installation
- ASTPP Launches Advanced Telecom Billing Software to Simplify Billing for VoIP Providers
EIG Global Trust also has issued a commercial and retail level stablecoin for settlement purposes, USD Gold (USDG); a $100 US denominated par value stablecoin token that is initially backed by $50 billion USD in gold and precious metals.
EIG Global Trust also has the regulatory approvals in 71 countries to support by providing underlying collateral for economic stabilization of currency and credit lines for these client countries central, commercial banks, and other financial entities for project financing.
EIG Global Trust is offering a limited time partnership opportunities with the world's premier project financing leader using audited digital currencies that are 100% registered and verifiable precious metals and gold backed.
See https://www.eigglobaltrust.com
About Hashlock:
Hashlock is a leading blockchain security and smart contract auditing firm dedicated to providing top-tier security services for blockchain projects. With a team of experts well versed in blockchain technology and smart contract auditing, Hashlock helps organizations identify vulnerabilities and ensure the reliability and security of their blockchain-based applications. https://www.hashlock.com.au/
Source: EIG Global Trust
0 Comments
Latest on TelAve News
- Innovative Environmental Technologies Unveils New Website Featuring Free AI Tools for the Environmental Industry
- CCHR Warns: Psychiatric Diagnoses Without Biological Proof Now Used to Justify Euthanasia
- Impact Filtration Appoints Alejandro Sturniolo as Head of Sustainability to Engineer High-Performance, Water-Positive Infrastructure
- 106 Years Strong: The Liberty Group Celebrates a Century-Plus of Service and Unveils a Unified Family of Companies
- Airport Transportation Reaches All Five Continents Through Global Transportation Partner Network
- Acquisition of Israeli Defense Manufacturing Platform to Accelerate AI-Driven Autonomous Systems: VisionWave Holdings, Inc.: (N A S D A Q: VWAV)
- HRC Fertility to Celebrate Grand Opening of New Beverly Hills Location During National Infertility Awareness Week
- AktieGo Publishes Editorial Feature Examining Decentralized Power Infrastructure and Hydrogen Energy Deployment
- Greg Wier Announces the Release of More Than Just Luck
- Nieuwe standaard in webdesign: Professionele website laten maken voor het MKB vanaf €249 door Websitepioniers
- Conexwest: Shipping Containers Are Powering the Next Generation of Bitcoin Mining Infrastructure
- Hypnotherapy Finder Announces Official US Wide Launch After Successful Soft Launch
- Melzi Job Coach Launches on iOS and Android: A Privacy-First AI Career Engine Built for Execution
- Training Lofts Launches $1,099 Unlimited Training Membership Featuring Semi-Private Coaching, Nutrition Support, and Recovery Services
- American Properties Realty, Inc. Leadership Attends NAHB International Builders' Show in Florida
- $317M Revenue and a Clear Path to $1B: $IQST is Positioned for a Major Profitability Inflection
- ASI Hosts 2026 Executive Business Summit for Global Partner Community
- Pastor Saeed Abedini Releases THE TRUTH – Volume 1, A Deeply Personal Story of Faith, Struggle, and Redemption
- New Book Warring From the Standpoint of the Throne Room Calls Believers to Pray From Victory
- Scotch Whisky Market Dislocation Creates Compelling Entry Opportunity for Long-Term Investors
