StableUSD
Connect your wealth to the blockchain economy with StableUSD (USDS)
Your bridge to the decentralized economy.
Gain access to the decentralized economy without the volatility. StableUSD gives you the stability of US Dollars with the flexibility of the Ethereum protocol.
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Backed by USD
Every StableUSD token is fully backed and redeemable 1-to-1 for US dollars.
No Fees
Stably charges zero fees for StableUSD issuance and redemption. However, third-party transit fees may still apply.
Multiple Blockchains
StableUSD will be available on Ethereum with support for other blockchains in the near future.
Verifiably Transparent
Real-time electronic bank data and third party audits allow you to verify that each StableUSD is backed by cash reserves.
Stably Use Cases
Safe-Haven Asset
Speculators can transfer into a stablecoin to preserve their crypto wealth when there is a lot of market volatility.
Payment
Stablecoins can be directly used as payment for goods and services.
Remittance
Stablecoins can be more efficient and cheaper than traditional money remittance methods.
Margin Lending
Stablecoins can be used for lending and borrowing, effectively creating markets for shorting.
Smart Escrow
Stablecoins can be used in smart contract based escrows where traditional cryptocurrencies can be too volatile.
Powering DApps
Stablecoins can be used to power decentralized applications by bringing real money into decentralized systems.
Join the StableUSD early access to buy and redeem USDS tokens
Creating StableUSD
A verified client sends cash to our third party regulated trustee to initiate the transaction, to be held in an escrow account.
Stably then creates a hash for the offline transaction and submits it to the smart contract.
The smart contract then mints new StableUSD tokens and sends them back to the client.
Redeeming StableUSD
A verified client sends StableUSD tokens to the smart contract to initiate the transaction.
Stably creates a hash for the offline transaction and submits it to the smart contract. The StableUSD tokens received are then burned.
Our third party regulated trustee then processes the transaction and sends cash from it's escrow account to the client.
Traditional Cryptocurrencies
Bitcoin
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StableUSD
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Ethereum
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We at Stably are passionately committed to maintaining the highest standards of public transparency among all stablecoins as well as cryptocurrency projects.
We will publish third-party audits of our company’s quarterly financial statements and conduct weekly attestations for our fiat reserve. You can also see our reserve balances in real-time via the third-party API of our regulated custodian, Prime Trust.
Meet the innovators
Based in Seattle and New York, the Stably team has a truly diverse makeup and a unique mix of personalities and backgrounds. Our founders have over 150 years of combined experience from the SEC, Wall Street, and technology firms.
Meet the TeamInvested and Vetted
We raised $500,000 in seed funding from 500 Startups, Beenext Ventures, and angel investors to kickstart our project in April 2018.