Bermuda-based, Jewel Bank, has created a fully backed stablecoin, dubbed Jewel USD (JUSD). Crypto traders can gain access to this stablecoin via the Polygon network. Precisely, JUSD has a reserve ratio with a minimum of 1:1 with the U.S. dollar. The bank will also perform routine audits of its stablecoin reserves and share report on a monthly and quarterly basis.