Unitas Protocol is a DeFi protocol offering unitized stablecoins, a new stablecoin category that functions as Units of Account for different emerging market currencies. Unitas Protocol defines a new stablecoin category -- unitized stablecoins, which serve as units of account representing emerging market currencies. Unitas’ unitized stablecoins are over-reserved with exogenous USD stablecoins (e.g., USDT, USDC, Dai). The goal is to “unitize” a USD stablecoin into one local currency unit, thereby providing transaction ease and efficiency for people in different countries. Unitas Protocol is a value translator between USD and other currencies and guarantees that each Unitas stablecoin can unconditionally convert “back” to a USD stablecoin.