About

The Boom Syrian Pound (bSYP) is the tokenised stablecoin of the Syrian Pound (SYP), the official currency of the Syria, a country with a population of 22.1 Million people and a GDP of $8.9 Billion. bSYP is 100 percent backed 1-to-1 by deposits in Syrian Pound and redeemable 1-to-1 in Syrian Pound. Tokenising Syrian Pound onto the Boom blockchain makes it instantly trade-able across borders and extends its utility into smart contracts, DeFi and more. Unlike legacy stablecoins, Boom tokenised stablecoins are seizure-resistant.