LAS VEGAS, Sept. 14, 2024 /PRNewswire/ -- XCMG Machinery ("XCMG", SHE: 000425) is set to present its largest-ever collection of mining equipment at MinExpo 2024, taking place from September 24-26 in Las Vegas. Visitors can find XCMG at booth #329 in the North Hall, where the company will feature a diverse array of state-of-the-art excavators, dump trucks, drilling rigs, and loaders. This marks XCMG's second appearance at the expo, underscoring its commitment to delivering comprehensive mining solutions and exploring automation technologies for North American and global markets.
"We are dedicated to developing customized products that meet the specific needs of our North American customers, while also capitalizing on the global shift towards 'smart' and 'sustainable' mining," said Liu Quan, Deputy General Manager of XCMG Import and Export and General Manager of XCMG USA. "Looking ahead, we aspire to provide a wider array of options for our North American clientele and envision XCMG mining equipment becoming a common sight in key construction projects throughout the area."
XCMG Machinery will spotlight five models, each embodying its tailor-made mining technology for the market:
During the show, XCMG will also demonstrate the clips of its pioneering autonomous road machines fleet working on mining sites.
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XCMG Unveils Major Lineup for MinExpo 2024, Showcasing Advanced Mining Solutions
TAIPEI, Sept. 18, 2024 /PRNewswire/ -- Unitas Foundation announced today that the second phase of Unitas Protocol is now live on the mainnet. This phase introduced insurance providers (IPs) who will lend their USDT to the Unitas Protocol to support its over-collateralization. Concurrently, the 4REX tokenomics system has begun its operations, including auctions, profit sharing, and IP-related benefits.
"This milestone completed the first iteration of the Unitas stablecoin ecosystem— a USDT-backed unitized stablecoin mechanism," said Sun Huang, Co-founder and Chief Technology Officer of Unitas Foundation. "Now, anyone can 'unitize' USDT into one local currency unit, including USD91 (INR-pegged), USD971 (AED-pegged), USD84 (VND-pegged), and USD1 (USD-pegged) with the over-collateralization provided by IPs."
The concept of reserving USDT as a store of value while dealing in the local unit of account is designed to address dollar shortages in emerging markets, improving both transactions and cross-border payments.
"We are thrilled to complete the USDT-reserved Unitas system," said Wayne Huang, Co-Founder and Board Director of Unitas Foundation. "The real-world applications in developing countries will be the main focus of the next stage. Meanwhile, our team is building the second Unitas ecosystem which will be backed by Tether Gold (XAUt). The transition from USD to Gold represents an exciting development for the stablecoin movement, and we are pleased to collaborate with Tether, the world's largest stablecoin issuer on this project."
Unitas Foundation, Tether, and XREX Group, a blockchain-enabled financial institution, will work together to launch XAU1, a USD-pegged unitized stablecoin over-reserved with XAUt, providing customers with a stable alternative and a hedge against inflation.
Unitas Foundation will unveil more exciting details at the second edition of the Stablecoin Summit, held on 20 September at Andaz Singapore as a side event of TOKEN2049.
About Unitas Foundation
Unitas Foundation is a non-profit organization founded in 2022. Unitas Protocol operates exogenously over-reserved stablecoins pegged to emerging market currencies. These stablecoins unleash emerging market potentials by facilitating foreign investment, cross-border payment, global market access, DeFi participation, efficient USD liquidity, and more.
To learn more about Unitas Foundation, visit its official website, Wiki, Telegram, X (formerly known as Twitter), blog, or email team@unitas.foundation.
Disclaimer:
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Unitas Protocol Launches Second Phase on Mainnet, Introducing Insurance Provider and 4REX Token
