APT Systems, Inc. is now giving access to its wallets that seamlessly facilitate deposits and withdrawals for Spera users as the company brings its SPRA stablecoin onto the market. Stablecoins are a form of cryptocurrency that are designed to hold value against traditional currencies like US dollars or commodities such as gold. Stablecoins help avoid the volatility that makes Bitcoin or other digital tokens impractical for most day-to-day commerce.

Spera, a true stablecoin, is designed to be a leading medium for moving funds between this cryptocurrency and regular cash bank accounts. SPRA is backed by US dollar deposits and gold, in custodial accounts for ease of access, exchange, and transparency. The hard asset backing of Spera is in sharp contrast to some other stablecoins that have algorithmic or other backing mechanisms, which negatively impacts their liquidity during times of market stress.

APT Systems earlier launched Spera on MainNet in April, to work smoothly with its Verifundr digital escrow application which uses smart contracts in part to serve as a neutral third-party to ensure funds are duly released upon both parties fulfilling their contractual obligations. The blockchain-supported portion of Verifundr makes it ideally suited for smart escrow functions, while Spera provides for an alternate to USD payments if required, both domestically and internationally.