“Backed by America’s most stable asset.” That is their motto. It is actually back by the popular AriZona Iced Tea company
It is a stabecoin, meaning that it is not a Ponzi scheme, it is actually supported by the assets behind it.
In short, you can buy and trade the coins, or you can redeem each coin for a can of AriZona Iced Tea!!
This is brilliant, but I don’t really drink their tea. If Dr. Pepper would do this, I would be all over it!