Stably USD (USDS)
The future is here! Introducing Stably USD (symbol: USDS), a one-to-one U.S. Dollar backed, redeemable stablecoin. U.S. Dollar collateral is held in FDIC-insured trust accounts managed by Prime Trust¹ through Stably’s platform. USDS is our inaugural token in a series of stablecoins developed by Stably.
USDS Advantage.
Faster & Cheaper
Faster and cheaper than traditional payment methods, Stablecoins can be sent and received for low fees within minutes.
Liquid & Exchangeable
Stablecoins enjoy significant secondary market liquidity², and can be easily exchanged into fiat or other cryptocurrencies.
Transparent & Immutable
Stablecoin transactions are digitally recorded and publicly verified, which creates an immutable data trail that cannot be altered or tampered with.
Open & Borderless
Stablecoins can be sent to anyone or received by anyone in the world with internet access.
Store and Send Money with USDS.
Send Money Easily and Safely
USDS gives customers the ability to store and send US Dollars with freedom by the limits of traditional banking. Move money instantaneously, anytime, across borders.
Available to Anyone
With your desktop or even just a mobile phone, you can create a Stably Prime account to store and send USDS or access crypto markets. USDS provides financial access to everyone – even the 1.7 billion adults globally without bank accounts.
We bring Traditional Finance down the blockchain rabbit hole.
Compliance-focused
We operate as a blockchain technology service provider to many financial institutions worldwide, including Prime Trust LLC (Prime Trust), a Nevada trust company regulated by the Nevada Financial Institutions Division (FID). Through our partnership with Prime Trust, we are able to leverage its regulatory licensing to offer our customers cutting edge products and services that are in compliance with regulatory requirements. WE DO NOT MANAGE NOR CUSTODY CUSTOMER FUNDS AT ANY MOMENT IN TIME. Under U.S. regulations, Prime Trust acts as the regulated trustee and centralized convertible virtual currency (CVC) administrator for the tokenized assets we develop. Prime Trust and its affiliates also perform KYC/AML verification and compliance-related services on users registered on the Stably Prime platform. All custody and funds processing services are handled by Prime Trust
Transparent & Trustworthy
We care about being transparent and earning your trust. As such, we have partnered with Cohen & Company, an industry leader in stablecoin reserve auditing, to conduct and publish monthly attestations of our stablecoin’s collateral reserve held by Prime Trust, as well as for all tokenized assets we develop for enterprise clients. (View Monthly USDS Attestations)
24/7 Collateral Reserve Report
We also offer public transparency to all stablecoins held in reserve. Stableinsight by Cohen & Co. reports our stablecoin reserve’s balance in real time via Prime Trust’s API. Anyone can publicly cross-verify this information with the total number of USDS tokens minted.
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¹ Prime Trust, LLC, a Nevada Trust Company is the token’s official regulated trustee, custodian, administrator and issuer.
² Stablecoins trade on many crypto exchanges with high volume and low bid-ask spreads.
³ Signing up for an account is quick and only takes a few minutes. Successful account registration is contingent upon a satisfactory KYC verification by Prime Trust. To ensure your account is KYC verified as quickly as possible, we recommend providing all necessary documentation in either English or translated in romanized characters. All documents submitted for KYC purposes that are not in English or translated in romanized characters are subject to manual verification by Prime Trust, which may delay your account registration and verification.
