The Bermuda digital asset bank Jewel Bank plans to issue the Polygon network-based US dollar-anchored stablecoin Jewel USD (JUSD), which will maintain a reserve ratio of at least 1:1 with the US dollar to ensure that it always has sufficient funds in its reserves to support each JUSD in circulation. Jewel Bank said it will also conduct regular audits of its stablecoin reserves and will provide monthly and quarterly reports. Foresight News previously reported that in June, Jewel Bank obtained a complete banking and digital asset business license issued by the Bermuda Monetary Authority (BMA), and stated that it will issue stable coins and provide global digital asset institutions with direct binding of bank deposits. Real-time settlement service.