New York CHAR 013 is a type of digital currency created and managed by the State of New York. It is a digital currency intended to provide New York residents with an accessible and secure method of making payments, transferring funds, and storing value. This digital currency is a stable coin pegged to the U.S. dollar, meaning its value is designed to remain stable in comparison to the U.S. dollar. New York CHAR 013 is available in two versions: the CHAR 013 Token, which is a blockchain-based token, and the CHAR 013 Account, which is a non-blockchain digital currency. Both versions of New York CHAR 013 are FDIC-insured and can be used for digital payments, transfers, and storage of value.