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Unitas Protocol Launches Second Phase on Mainnet, Introducing Insurance Provider and 4REX Token

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Unitas Protocol Launches Second Phase on Mainnet, Introducing Insurance Provider and 4REX Token
Business

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Unitas Protocol Launches Second Phase on Mainnet, Introducing Insurance Provider and 4REX Token

2024-09-18 15:00 Last Updated At:15:15

TAIPEI, Sept. 18, 2024 /PRNewswire/ -- Unitas Foundation announced today that the second phase of Unitas Protocol is now live on the mainnet. This phase introduced insurance providers (IPs) who will lend their USDT to the Unitas Protocol to support its over-collateralization. Concurrently, the 4REX tokenomics system has begun its operations, including auctions, profit sharing, and IP-related benefits.

"This milestone completed the first iteration of the Unitas stablecoin ecosystem— a  USDT-backed unitized stablecoin mechanism," said Sun Huang, Co-founder and Chief Technology Officer of Unitas Foundation. "Now, anyone can 'unitize' USDT into one local currency unit, including USD91 (INR-pegged), USD971 (AED-pegged), USD84 (VND-pegged), and USD1 (USD-pegged) with the over-collateralization provided by IPs."

The concept of reserving USDT as a store of value while dealing in the local unit of account is designed to address dollar shortages in emerging markets, improving both transactions and cross-border payments.

"We are thrilled to complete the USDT-reserved Unitas system," said Wayne Huang, Co-Founder and Board Director of Unitas Foundation. "The real-world applications in developing countries will be the main focus of the next stage. Meanwhile, our team is building the second Unitas ecosystem which will be backed by Tether Gold (XAUt). The transition from USD to Gold represents an exciting development for the stablecoin movement, and we are pleased to collaborate with Tether, the world's largest stablecoin issuer on this project."

Unitas Foundation, Tether, and XREX Group, a blockchain-enabled financial institution, will work together to launch XAU1, a USD-pegged unitized stablecoin over-reserved with XAUt, providing customers with a stable alternative and a hedge against inflation.

Unitas Foundation will unveil more exciting details at the second edition of the Stablecoin Summit, held on 20 September at Andaz Singapore as a side event of TOKEN2049.

About Unitas Foundation

Unitas Foundation is a non-profit organization founded in 2022. Unitas Protocol operates exogenously over-reserved stablecoins pegged to emerging market currencies. These stablecoins unleash emerging market potentials by facilitating foreign investment, cross-border payment, global market access, DeFi participation, efficient USD liquidity, and more.

To learn more about Unitas Foundation, visit its official website, Wiki, Telegram, X (formerly known as Twitter), blog, or email team@unitas.foundation.

Disclaimer:

  1. The press release is for informative purposes only. It does not solicit funds, constitute contractual offers or promises, or proffer any legal, investment, or tax advice. Please seek a licensed professional's support to address your particular situation should you need any professional advice.

  2. Unitized stablecoin is an experiment intended to be a decentralized financial tool. To avoid doubt, crypto assets and stablecoins involved within the Protocol are not insured or audited by any third party, licensed or endorsed by any regulatory authority. Thus, unitized stablecoin is subject to various risks, including but not limited to liquidity risk, cybersecurity risk, regulatory risk, transactional risk, and human error risk. Please do your own research before participating in the Protocol. You can find more information at unitas.foundation.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Unitas Protocol Launches Second Phase on Mainnet, Introducing Insurance Provider and 4REX Token

Unitas Protocol Launches Second Phase on Mainnet, Introducing Insurance Provider and 4REX Token

The award-winning Adept platform, now delivered as a fully managed SaaS solution — with AI capabilities built in

QUAKERTOWN, Pa., May 21, 2026 /PRNewswire/ -- Synergis Software announced the general availability of Adept Cloud, a cloud-native SaaS engineering document management platform built for organizations in manufacturing, utilities, oil and gas, chemicals, pharmaceuticals, and mining — where the accuracy of engineering documentation is a matter of operational safety, regulatory compliance, and project outcomes. Adept Cloud delivers the full capabilities of the award-winning Adept platform in a browser-based environment that is hosted, maintained, and continuously updated by Synergis — no local infrastructure, no VPN, and no IT overhead required.

"We built Adept Cloud because our customers told us where they needed to go — and we made a commitment to get them there. What we built isn't just a cloud version of Adept. It's a modern, cloud-native platform — architected for the security, reliability, and scalability that asset-intensive organizations require for the decade ahead. Adept Cloud is also where we'll continue to innovate — AI is built in, with more to come. And as this platform evolves, it will serve as the foundation for on-premise deployments as well, ensuring every Adept customer has access to the same capabilities, regardless of how they choose to deploy. That's what reaching this moment means to us — it's a milestone for Synergis, and our customers get a platform they can grow with for years to come."

— Kristen Tomasic, President, Synergis Software

Learn more about Adept Cloud.

Built for the Organizations That Can't Afford to Get It Wrong

In asset-intensive industries, the wrong document revision isn't just an inconvenience — it is a safety risk, a compliance failure, an expensive change order, and a project delay. Adept Cloud is built for environments where precision matters — delivering fast access to the right documents, CAD integration, intellectual property protection, and traceability across every decision.

"The question we heard most from engineering organizations was whether a cloud EDMS could really handle the complexity of what they do. The CAD relationships, the controlled workflows, the audit requirements, the scale. Adept Cloud was built to answer that question with confidence. The answer is yes."

— Todd Cummings, Vice President of Product Strategy, Synergis Software

Unlimited Users. No Per-Seat Costs.

Every Adept Cloud plan — Essentials, Professional, and Enterprise — includes unlimited users. No per-seat costs, and no limits on who can access the system, from engineers at their desks to teams in the field or on the plant floor.

Synergis will host an Adept Cloud webinar for customers on June 4, and an Adept Cloud introduction webinar open to all interested organizations on June 17.

Adept AI: Intelligence Where Your Engineering Data Lives

Adept AI is built for the Adept Cloud platform — artificial intelligence capabilities that help engineering organizations surface information faster, accelerate document-intensive work, and extract more value from the engineering data already in their system.

"Engineering information is one of the most valuable and underutilized assets in any industrial organization — critical context buried within tens or hundreds of thousands of documents, largely inaccessible. Adept AI changes that by putting intelligence to work at the platform layer — inside the system where the data already lives, with the governance and security that asset-intensive industries require."

— Scott Lamond, Vice President of Marketing, Synergis Software

Getting Started with Adept Cloud

Adept Cloud is available today. New customers work with their dedicated customer success manager through an onboarding plan that aligns with their Adept Cloud Plan and streamlines time to value. Existing Adept customers can transition to Adept Cloud through a personalized plan designed to minimize disruption and maximize continuity.

Recognition and Customer Trust

Synergis Adept was named to G2's 2026 Best Software Awards as the top-ranked engineering document management platform. The platform holds G2 distinctions for Best Support, Best Relationship, and Highest User Adoption. 95% of verified G2 reviews are rated four or five stars.

About Synergis Software

Synergis Software is the creator of Adept, a leading engineering document management platform trusted by global organizations including Dow, Con Edison, Merck, and General Mills — and named to G2's 2026 Best Software Awards as the top-ranked engineering document management platform. For more than 35 years, Synergis has helped asset-intensive industries — including manufacturing, chemicals, utilities, oil and gas, life sciences, and mining — centralize, govern, and leverage engineering information to accelerate projects, strengthen compliance, and reduce operational risk. Adept is available both as a fully managed SaaS platform and as an on-premise solution.

For more information, visit SynergisSoftware.com.

MEDIA CONTACT
Scott Lamond
Vice President of Marketing, Synergis Software
scott.lamond@synergis.com

 

 

 

Photo - https://mma.prnasia.com/media2/2983727/Adept_Cloud_On_Light.jpg?p=medium600
Photo - https://mma.prnasia.com/media2/2983728/Adept_AI_4.jpg?p=medium600
Video - https://www.youtube.com/watch?v=ZEXh8gmLZdE
Photo - https://mma.prnasia.com/media2/2983729/2026_Synergis_Adept_G2_Best_Software_v2.jpg?p=medium600
Logo - https://mma.prnasia.com/media2/2919904/Synergis_Software_Logo.jpg?p=medium600

The award-winning Adept platform, now delivered as a fully managed SaaS solution — with AI capabilities built in

QUAKERTOWN, Pa., May 21, 2026 /PRNewswire/ -- Synergis Software announced the general availability of Adept Cloud, a cloud-native SaaS engineering document management platform built for organizations in manufacturing, utilities, oil and gas, chemicals, pharmaceuticals, and mining — where the accuracy of engineering documentation is a matter of operational safety, regulatory compliance, and project outcomes. Adept Cloud delivers the full capabilities of the award-winning Adept platform in a browser-based environment that is hosted, maintained, and continuously updated by Synergis — no local infrastructure, no VPN, and no IT overhead required.

"We built Adept Cloud because our customers told us where they needed to go — and we made a commitment to get them there. What we built isn't just a cloud version of Adept. It's a modern, cloud-native platform — architected for the security, reliability, and scalability that asset-intensive organizations require for the decade ahead. Adept Cloud is also where we'll continue to innovate — AI is built in, with more to come. And as this platform evolves, it will serve as the foundation for on-premise deployments as well, ensuring every Adept customer has access to the same capabilities, regardless of how they choose to deploy. That's what reaching this moment means to us — it's a milestone for Synergis, and our customers get a platform they can grow with for years to come."

— Kristen Tomasic, President, Synergis Software

Learn more about Adept Cloud.

Built for the Organizations That Can't Afford to Get It Wrong

In asset-intensive industries, the wrong document revision isn't just an inconvenience — it is a safety risk, a compliance failure, an expensive change order, and a project delay. Adept Cloud is built for environments where precision matters — delivering fast access to the right documents, CAD integration, intellectual property protection, and traceability across every decision.

"The question we heard most from engineering organizations was whether a cloud EDMS could really handle the complexity of what they do. The CAD relationships, the controlled workflows, the audit requirements, the scale. Adept Cloud was built to answer that question with confidence. The answer is yes."

— Todd Cummings, Vice President of Product Strategy, Synergis Software

Unlimited Users. No Per-Seat Costs.

Every Adept Cloud plan — Essentials, Professional, and Enterprise — includes unlimited users. No per-seat costs, and no limits on who can access the system, from engineers at their desks to teams in the field or on the plant floor.

Synergis will host an Adept Cloud webinar for customers on June 4, and an Adept Cloud introduction webinar open to all interested organizations on June 17.

Adept AI: Intelligence Where Your Engineering Data Lives

Adept AI is built for the Adept Cloud platform — artificial intelligence capabilities that help engineering organizations surface information faster, accelerate document-intensive work, and extract more value from the engineering data already in their system.

"Engineering information is one of the most valuable and underutilized assets in any industrial organization — critical context buried within tens or hundreds of thousands of documents, largely inaccessible. Adept AI changes that by putting intelligence to work at the platform layer — inside the system where the data already lives, with the governance and security that asset-intensive industries require."

— Scott Lamond, Vice President of Marketing, Synergis Software

Getting Started with Adept Cloud

Adept Cloud is available today. New customers work with their dedicated customer success manager through an onboarding plan that aligns with their Adept Cloud Plan and streamlines time to value. Existing Adept customers can transition to Adept Cloud through a personalized plan designed to minimize disruption and maximize continuity.

Recognition and Customer Trust

Synergis Adept was named to G2's 2026 Best Software Awards as the top-ranked engineering document management platform. The platform holds G2 distinctions for Best Support, Best Relationship, and Highest User Adoption. 95% of verified G2 reviews are rated four or five stars.

About Synergis Software

Synergis Software is the creator of Adept, a leading engineering document management platform trusted by global organizations including Dow, Con Edison, Merck, and General Mills — and named to G2's 2026 Best Software Awards as the top-ranked engineering document management platform. For more than 35 years, Synergis has helped asset-intensive industries — including manufacturing, chemicals, utilities, oil and gas, life sciences, and mining — centralize, govern, and leverage engineering information to accelerate projects, strengthen compliance, and reduce operational risk. Adept is available both as a fully managed SaaS platform and as an on-premise solution.

For more information, visit SynergisSoftware.com.

MEDIA CONTACT
Scott Lamond
Vice President of Marketing, Synergis Software
scott.lamond@synergis.com

 

 

 

Photo - https://mma.prnasia.com/media2/2983727/Adept_Cloud_On_Light.jpg?p=medium600
Photo - https://mma.prnasia.com/media2/2983728/Adept_AI_4.jpg?p=medium600
Video - https://www.youtube.com/watch?v=ZEXh8gmLZdE
Photo - https://mma.prnasia.com/media2/2983729/2026_Synergis_Adept_G2_Best_Software_v2.jpg?p=medium600
Logo - https://mma.prnasia.com/media2/2919904/Synergis_Software_Logo.jpg?p=medium600

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Synergis Software Launches Adept Cloud, a Cloud-Native Engineering Document Management Platform Built for Asset-Intensive Industries

Synergis Software Launches Adept Cloud, a Cloud-Native Engineering Document Management Platform Built for Asset-Intensive Industries

Synergis Software Launches Adept Cloud, a Cloud-Native Engineering Document Management Platform Built for Asset-Intensive Industries

Synergis Software Launches Adept Cloud, a Cloud-Native Engineering Document Management Platform Built for Asset-Intensive Industries

Synergis Software Launches Adept Cloud, a Cloud-Native Engineering Document Management Platform Built for Asset-Intensive Industries

Synergis Software Launches Adept Cloud, a Cloud-Native Engineering Document Management Platform Built for Asset-Intensive Industries

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