# Store Currency

<mark style="color:$info;">Selecting your store’s base currency is the first and most critical step in setting up your marketplace. This choice standardizes how your assets are valued and how your investors interact with the platform.</mark>

<mark style="color:$info;">Currently, OpenRWA supports the following fiat-pegged denominations:</mark>

* <mark style="color:$info;">USD ($): United States Dollar</mark>
* <mark style="color:$info;">EUR (€): Euro</mark>

<mark style="color:$info;">To configure your currency, navigate to Store Settings > Store Details > Store Currency.</mark>

{% hint style="danger" %} <mark style="color:$info;">**Important**</mark><mark style="color:$info;">:</mark>&#x20;

<mark style="color:$info;">You can update or change your store's currency as many times as you like until the first asset is tokenized. > Once an asset has been tokenized on the blockchain, the currency becomes locked to ensure data integrity across smart contracts, investor ledgers, and secondary market listings.</mark>
{% endhint %}

***

#### How Currency Affects the Platform?

<mark style="color:$info;">Once selected, the store currency acts as the "Source of Truth" for the following modules:</mark>

1. <mark style="color:$info;">**Asset Listing & Primary Sales**</mark>

<mark style="color:$info;">All investment opportunities will be listed in the chosen currency. For example, if you set your store to EUR, an asset with a total value of 1,000,000 will be displayed and sold as €1,000,000.</mark>

{% hint style="info" %} <mark style="color:$info;">Does this affect the stablecoin used for payment?</mark>\ <mark style="color:$info;">Yes. Typically, if your store currency is USD, payments are processed in USD-pegged stablecoins (like USDC or USDT). If set to EUR, the platform will look for EUR-pegged equivalents.</mark>
{% endhint %}

2. <mark style="color:$info;">**Secondary Market**</mark>

<mark style="color:$info;">All peer-to-peer trading between investors on the secondary market will be denominated in the store currency. Buy and Sell orders will be placed and settled in that specific unit.</mark>

3. <mark style="color:$info;">**Buybacks & Payouts**</mark>

* <mark style="color:$info;">Payouts: Dividend or rental income distributions will be calculated and displayed in the store currency.</mark>
* <mark style="color:$info;">Buybacks: If the issuer decides to buy back tokens from investors, the offer price will be set in the store currency.</mark>

4. <mark style="color:$info;">**Referral Program & Analytics**</mark>

<mark style="color:$info;">The Referral rewards you configure will calculate cashback and discounts based on the store's currency. Your analytics dashboard will aggregate all "Total Volume" and "Cashback Distributed" metrics in this denomination.</mark>


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