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 independent third-party attestations 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.
Connect your wealth to the blockchain economy
Buy USDS
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 USDS and sends them back to the client.
Redeem USDS
A verified client sends USDS to the smart contract to initiate the transaction.
Stably creates a hash for the offline transaction and submits it to the smart contract. The USDS 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 lead the stablecoin industry in protecting users, maintaining transparency, mitigating counterparty risk, and building trust.
Users of our platform can also see our reserve balances in real-time via the third-party API of our regulated trustee, Prime Trust.
We have engaged with leading accounting firm Cohen & Co., who will conduct regular attestations of our fiat reserve.
Every attestation report that has been published since the launch of USDS can be viewed below:
• December 7, 2018• January 31, 2019• February 28, 2019• March 31, 2019• April 30, 2019• May 31, 2019
Meet the innovators
Based in Seattle, the Stably team has a truly diverse makeup and a unique mix of personalities and backgrounds. Our team has experience from financial institutions, private equity firms, algorithmic trading shops, and big-tech companies.
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.