Summary
TLDR: The new token will be fully backed by U.S. dollar deposits, short-term U.S. government Treasuries, and other cash equivalents, as stated by the company.
Key Points
1. The token will be 100% backed by U.S. dollar deposits.
2. The token will be backed by short-term U.S. government Treasuries.
3. The token will also be backed by other cash equivalents.