Executive Summary
Capital Metals USDT is a EUR-pegged stablecoin issued on the Tron TRC-20 blockchain by Capital Metals, a Belgium-registered company (BE0749947481) specializing in satellite-based geological scanning and precious metal discovery.
The token operates on a simple and transparent principle: 1 USDT = 1 EUR. Every token in circulation is backed by an equivalent Euro value in our verified reserve pool, comprised of:
- Gold and precious metal reserves discovered and verified through Capital Metals' satellite scanning platform (57+ satellites, 195 countries, 95% accuracy)
- €5,855,000,099,999 in liquid reserves held at UBS Switzerland AG under Solar System Fund (Account CH0600240240653 3000A, SWIFT: UBSWCHZH80V)
This whitepaper describes the technical architecture, reserve management system, tokenomics, use cases, legal framework, and roadmap for Capital Metals USDT.
Problem Statement
2.1 Fiat Currency Instability
Traditional fiat currencies are subject to inflation, geopolitical risk, and central bank monetary policy decisions. Individuals and institutions holding large EUR/USD balances face significant purchasing power erosion over time. In 2022-2024, EU inflation reached record highs, eroding the real value of cash holdings.
2.2 Inaccessibility of Gold as a Currency
Gold has been humanity's primary store of value for millennia. However, physical gold presents serious practical challenges: storage costs, insurance requirements, divisibility limitations, and the inability to transact digitally. Retail investors and institutions struggle to hold gold in a liquid, fungible form.
2.3 Existing Stablecoin Risks
Current EUR and USD stablecoins suffer from various risks:
- Algorithmic stablecoins — subject to catastrophic depeg events (Terra/LUNA 2022 lost 99% of value)
- Fractional reserve stablecoins — not fully backed, creating systemic risk during bank runs
- Opaque reserves — many issuers provide insufficient proof of their backing assets
- Regulatory uncertainty — lack of clear legal domicile creates compliance risk
2.4 Gap in the Market
There is a clear demand for a EUR-pegged stablecoin that is: (1) fully collateralized with verifiable reserves, (2) backed by hard assets including gold, (3) issued by a legally incorporated entity in the EU, and (4) transparent with publicly available proof of funds.
Solution — Capital Metals USDT
Capital Metals USDT addresses every identified problem through a dual-backing mechanism combining physical gold discovery with institutional EUR liquidity.
3.1 Dual Reserve Backing
Unlike single-asset stablecoins, USDT is backed by two independent pillars:
- Gold Reserve Pillar: Physical gold and precious metal deposits discovered and GPS-verified by Capital Metals satellite scanning technology. Each deposit is documented with geological survey data, coordinates, and confidence ratings from our AI analysis engine.
- Liquidity Reserve Pillar: €5,855,000,099,999 held in the Solar System Fund at UBS Switzerland AG (one of the world's largest and most reputable financial institutions). This provides immediate liquid backing for any redemption demand.
3.2 Full Collateralization
The total USDT supply of 5,855,000,099,999 tokens exactly equals the EUR reserve of €5,855,000,099,999. No fractional reserve mechanics are used. No token can be minted without a corresponding reserve addition.
3.3 Transparency
Capital Metals publishes our complete Proof of Funds documentation publicly on this website. The UBS bank statement (dated 2026.01.09) is verifiable via Interbank Blocking Code 144:S:G917105 and Elixir Direct Activity reference 206237533012 — UBS AG.
Technical Architecture
4.1 Blockchain: Tron (TRC-20)
Capital Metals USDT is deployed as a TRC-20 token on the Tron blockchain. Tron was selected for the following technical reasons:
| Feature | Tron (TRC-20) | Ethereum (ERC-20) |
|---|---|---|
| Transaction Speed | 2,000+ TPS | ~15 TPS |
| Transaction Fee | Near-zero (~0.001 TRX) | Variable ($1–$50+ gas) |
| Block Time | 3 seconds | 12–15 seconds |
| USDT Compatibility | Native (largest USDT chain) | Yes |
| Ecosystem | JustSwap, SunSwap DEX | Uniswap, SushiSwap |
4.2 Smart Contract
The USDT smart contract implements the TRC-20 standard with the following key functions:
totalSupply()— Returns fixed supply of 5,855,000,099,999 (18 decimal places)balanceOf(address)— Returns token balance for any addresstransfer(address, amount)— Standard ERC/TRC-20 transfermint(amount)— Restricted to contract owner, only callable when backed by new reservesburn(amount)— Token destruction on redemptionpause() / unpause()— Emergency circuit breaker
4.3 Reserve Oracle
A reserve oracle contract monitors the on-chain token supply against our reported reserve balance. Reserve updates are signed by a multi-signature wallet (3-of-5 signers) before publication. Discrepancies trigger automated alerts and public notifications.
4.4 Wallet Compatibility
Capital Metals USDT is compatible with all Tron-compatible wallets including TronLink, Trust Wallet, imToken, and hardware wallets supporting TRC-20 tokens (Ledger with TronLink browser extension).
Reserve Management
5.1 UBS Switzerland AG Liquidity Reserve
The primary liquidity reserve is held at UBS Switzerland AG, one of the world's largest wealth management institutions with over CHF 3.9 trillion in invested assets globally.
| Parameter | Value |
|---|---|
| Bank | UBS Switzerland AG |
| SWIFT Code | UBSWCHZH80V |
| Account Number | CH0600240240653 3000A |
| Account Holder | Solar System Fund |
| Total Ledger Balance | €5,855,000,099,999 |
| SAV BALL Balance | €4,000,000,000,000 |
| BEG Balance | €1,855,000,099,999 |
| Verification Date | 2026.01.09 |
| Interbank Code | 144: S: G917105 |
| Elixir Reference | 206237533012 — UBS AG |
| Mediator | Elixir Direct Activity |
| Common Account | 947259564 |
5.2 Gold Reserve Discovery Process
Capital Metals' proprietary satellite scanning engine (Engine v8.0) uses the following workflow to identify and verify gold deposits:
- Level 1 — Space (Satellite): Multispectral/hyperspectral/SAR/thermal/DEM analysis across thousands of km²
- Level 2 — Air: AEM (Airborne EM), Airborne MAG, AFMAG/AMT for 0–2km depth verification
- Level 3 — Ground: GPR, ERT, MAG ground surveys with equipment including GSSI SIR-4000, Bartington Grad601
- Level 4 — Verification: Diamond/RC drilling and controlled excavation for physical confirmation
5.3 Mint/Burn Mechanics
New tokens are only minted when new reserves are added and verified. Redemptions result in token burn. The process:
- Reserve verified by independent third-party auditor
- Multi-sig wallet approval (3 of 5 signatures required)
- Smart contract mint/burn event published on-chain
- Reserve report updated publicly within 24 hours
Tokenomics
6.1 Supply Overview
| Parameter | Value |
|---|---|
| Token Name | USDT |
| Full Name | Tether USDT (Capital Metals Edition) |
| Total Supply | 5,855,000,099,999 USDT |
| Peg | 1 USDT = 1 EUR |
| Decimals | 6 |
| Blockchain | Tron (TRC-20) |
| Reserve Ratio | 100% |
| Total Reserve | €5,855,000,099,999 |
6.2 Token Distribution
| Category | Allocation % | Amount (USDT) | Purpose |
|---|---|---|---|
| Reserve Fund | 60% | 3,513,000,059,999 | UBS + Gold Backing |
| Liquidity Pool | 20% | 1,171,000,020,000 | DEX/Exchange Liquidity |
| Operations & Dev | 10% | 585,500,010,000 | Platform Development |
| Community & Ecosystem | 10% | 585,500,010,000 | Rewards, Grants, DAO |
| Total | 100% | 5,855,000,099,999 |
6.3 Vesting Schedule
- Reserve Fund: Locked permanently as collateral. Released only upon verified new gold discovery or reserve addition.
- Liquidity Pool: Deployed to DEX platforms at launch. Subject to 12-month lock with gradual unlocks of 5% per quarter.
- Operations: 6-month cliff, then 24-month linear vesting.
- Community: Distributed via ecosystem grants, scan rewards, and governance participation over 36 months.
Use Cases
7.1 Digital Store of Value
USDT provides a stable, EUR-denominated store of value backed by both gold and institutional liquidity. Suitable for individuals seeking to preserve wealth in a digital format without exposure to crypto market volatility.
7.2 Global Payments
TRC-20 transactions settle in 3 seconds with near-zero fees, enabling USDT to serve as a practical medium for international payments, remittances, and B2B settlements — particularly useful for Capital Metals clients across 195 countries paying for geological scanning services.
7.3 Capital Metals Platform Currency
USDT will be the primary payment method for Capital Metals scanning services:
- Satellite scan packages (basic to enterprise)
- AI geological analysis reports
- Field access tokens for ground crews
- 3D visualization and PDF report generation
7.4 OTC Settlement
Large-scale gold buyers, mining companies, and institutional investors can use USDT for OTC settlement of gold purchase agreements, removing the need for wire transfers and reducing settlement time from T+2 to near-instant.
7.5 DeFi Collateral
USDT will be accepted as collateral on Tron-compatible DeFi protocols, enabling yield generation and borrowing against stable EUR-denominated positions. Integration with JustLend, SunSwap, and cross-chain bridges planned for Q4 2026.
7.6 Governance
USDT holders above a minimum threshold gain voting rights on key platform decisions including reserve audit schedules, new exchange listings, and ecosystem fund allocations.
Security & Audits
8.1 Smart Contract Security
- Code audited by certified Tron security auditors prior to mainnet deployment
- Multi-signature wallet controls all administrative functions (3-of-5 signers)
- Emergency pause mechanism to freeze transfers in case of security events
- No upgradability proxy — contract is immutable after deployment
- Bug bounty program with rewards up to $100,000 USDT
8.2 Reserve Audits
- Initial reserve verified via UBS Switzerland AG Proof of Funds (2026.01.09)
- Quarterly reserve attestations by independent Big Four accounting firm
- Annual comprehensive audit covering both gold reserves and bank balances
- Real-time reserve dashboard on website (planned Q2 2026)
8.3 Interbank Verification
The UBS reserve can be independently verified by financial institutions via:
- Interbank Blocking Code: 144: S: G917105
- SWIFT: UBSWCHZH80V
- Account: CH0600240240653 3000A
- Permit Arrival Money Number: 8T00563266098NN
Legal & Compliance
9.1 Company Information
| Parameter | Details |
|---|---|
| Company Name | Capital Metals |
| Registration Number | BE0749947481 |
| Jurisdiction | Belgium, European Union |
| Address | 47 Rue Sylvain Guyaux, 7100 La Louvière, Belgium |
| token@capitalmetals.site | |
| Phone | +32 494 46 46 54 |
| Sponsor | repairetech.eu |
| Website | https://www.capitalmetals.site |
9.2 Regulatory Framework
Capital Metals operates under Belgian and EU law. The issuance of USDT is structured to comply with:
- EU MiCA (Markets in Crypto-Assets Regulation): Capital Metals USDT qualifies as an e-money token under MiCA Article 48. We are pursuing authorization from the National Bank of Belgium.
- AML/KYC: All institutional accounts are subject to KYC verification per Belgian anti-money laundering law of January 18, 2010.
- GDPR: All user data processed in compliance with EU GDPR (Regulation 2016/679).
- Belgian Financial Law: Operating under oversight of FSMA (Financial Services and Markets Authority).
9.3 Token Classification
Capital Metals USDT is classified as an e-money token (EMT) under EU MiCA regulation — not a security. It does not represent ownership of Capital Metals equity, does not pay dividends, and does not confer profit-sharing rights.
Roadmap
| Phase | Timeline | Milestones | Status |
|---|---|---|---|
| Phase 1 Token Launch |
Q1 2026 | TRC-20 deployment · UBS POF published · Website + Whitepaper · POF documentation | ✓ Complete |
| Phase 2 Exchange Listings |
Q2 2026 | JustSwap/SunSwap DEX listing · CEX applications · Third-party reserve audit · OTC desk | Upcoming |
| Phase 3 Mobile Integration |
Q3 2026 | Capital Metals app USDT payments · Scan service subscriptions · Reserve dashboard | Planned |
| Phase 4 DeFi Expansion |
Q4 2026 | JustLend integration · Cross-chain bridge · Governance DAO · Institutional partnerships | Planned |
Team
Capital Metals USDT is developed and managed by the Capital Metals team — pioneers in satellite-based geological scanning with operations across 195 countries.
11.1 Capital Metals
Founded in Belgium (BE0749947481), Capital Metals operates the world's most advanced civilian satellite geological scanning platform, using 57+ satellites including GPS, GLONASS, Galileo, Sentinel, Landsat, ASTER, and EMIT to detect gold, oil, groundwater, and archaeological treasures with 95% accuracy.
11.2 Technology Partner: repairetech.eu
repairetech.eu serves as official technology sponsor and infrastructure partner, providing blockchain development, smart contract auditing, and enterprise-grade hosting infrastructure for the USDT platform.
11.3 Banking Partner: UBS Switzerland AG
UBS Switzerland AG (SWIFT: UBSWCHZH80V), one of the world's leading financial institutions with operations in 50+ countries, holds our primary liquidity reserve and provides institutional-grade custody services for the Solar System Fund.
11.4 Contact
- Token Inquiries: token@capitalmetals.site
- Phone: +32 494 46 46 54
- WhatsApp: +20 115 056 4163
- Address: 47 Rue Sylvain Guyaux, 7100 La Louvière, Belgium
Disclaimer
This whitepaper is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any investment product or service. The information contained herein is subject to change without notice.
Not Financial Advice: Nothing in this whitepaper constitutes financial, legal, or investment advice. You should consult with independent financial and legal advisers before making any decisions related to USDT or any other cryptocurrency.
Risk Factors: Cryptocurrency investments involve significant risk, including the possible loss of the entire investment amount. Market prices are volatile and may be influenced by a variety of factors outside our control.
Forward-Looking Statements: This whitepaper contains forward-looking statements regarding our plans, roadmap, and expectations. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those described.
Reserve Claims: Reserve figures are based on the UBS Switzerland AG Proof of Funds document dated 2026.01.09. Capital Metals does not guarantee that reserve values will remain constant and undertakes to publish updates upon material changes.
Regulatory: Regulatory treatment of digital assets varies by jurisdiction. Capital Metals USDT may not be available in all countries. It is your responsibility to ensure that acquiring and holding USDT is legal in your jurisdiction.
Entity: Capital Metals, BE0749947481, 47 Rue Sylvain Guyaux, 7100 La Louvière, Belgium. For verification inquiries: token@capitalmetals.site