TRYC is a stablecoin that is based on the Turkish Lira. It was created by Stoken, an entity of Paribu, an exchange in Turkey. Each TRYC token minted is backed by Turkish Lira held in Turkish bank accounts. TRYC aims to enable everyone in Turkey to engage in the new financial world with their own currency. It seeks to increase the global use of Turkish Lira-based valuations through the power of blockchain technology. TRYC is intended to be a supporter in the adaptation of Turkish people to the new financial world. It is a project that aims to support the identity of a crypto asset based on the Turkish Lira, allowing Turkish people to use their own currency as easily as USD and EUR in the new world and wherever they may be.

Each TRYC token is produced on the blockchain and is backed by 1 Turkish Lira held in defined bank accounts. The value of TRYC is expected to remain balanced due to each TRYC being backed by 1 TL of asset value and each minted TRYC being exchangeable for 1 TL through authorized institutions. TRYC intends to be utilized on supported blockchains, enabling domestic and foreign participants in the innovative finance field to use a crypto asset backed by the Turkish Lira. It also aims to serve as a positioning function during times of high volatility. TRYC is designed for individuals to manage their tokens in their wallets and transfer them independently of Stoken.

TRYC may be utilized for transactions and acquisitions, just like the physical Turkish Lira. It can be transferred from one end of the world to the other in seconds using blockchain technology. TRYC can be used in decentralized finance systems to develop new products. It can also be used for transactions in countries where crypto asset payments are legally permissible. TRYC may serve as an alternative transaction method in all institutions where ERC-20 tokens are accepted and legally appropriate, just like stable crypto assets based on USD and EUR. TRYC can also be used in NFT markets and for crypto asset transactions.

TRYC was born out of the necessities of the current era, which is marked by rapid transformations and the acceleration of time. This era is characterized by the speed, ease, and trust provided by technology itself. Financial instruments are undergoing transformation; economic models are being recreated; sectors and actors that fail to integrate quickly with technology are losing power. TRYC and its producer, Stoken Financial Technologies Inc. ("Stoken"), were born from these necessities. Stoken, which has the mission of both producing and providing the new and preparing the ground for the synchronization of the traditional, was launched to contribute to financial transformation.