StableUSD Use Cases



Capital Preservation

During times of high market volatility, it is important to protect one's capital. Instead of having to convert back into fiat, you can exchange your crypto for a stablecoin (USDS), which will hold its value and stay pegged 1 to 1 with USD. By doing so, capital will be protected and not subject to the whims of the often volatile cryptocurrency market.

A bridge between fiat and crypto

Many crypto exchanges don’t deal directly with US dollars (USD). This can be due to regulatory uncertainties or issues with legality. Instead of having a USD/BTC trading pair, many exchanges use a stablecoin as the base currency. Allowing values to be denominated in USD, without having to directly hold such funds. Stablecoins can be seen as a hybrid between traditional fiat currencies and the newer digital cryptocurrencies.

Payments and Remittance

With a stablecoin, merchants and customers can transact in a fast, secure and efficient way, without having to wait for the man-in-the-middle to process their transactions. Using a stablecoin as a medium of exchange also allows businesses and individuals to accept cryptocurrencies for payment, without having to worry about whether or not their crypto will gain or lose value while settling a transaction.

StableUSD (USDS) has all the positive attributes of conventional cryptocurrency. Transactions are settled within seconds, only cost a few cents, and are secure. USDS having the negative attributes of cryptocurrency such as volatility.

By putting the power of money, and cryptocurrency to be specific, in the hands of individuals and merchants, we streamline and simplify the process of buying and selling goods and services.

Power Decentralized Apps (Dapps)

Instead of using traditional cryptocurrencies, like Bitcoin or Ethereum as a currency on decentralized apps, Stablecoins like USDS would be a good replacement. The use of USDS as a currency would eliminate the volatility that is associated with other traditional cryptocurrencies. Stablecoins like USDS, are a hybrid of fiat & cryptocurrency. Stablecoins combine some of the best aspects of both worlds such as the low volatility and price stability of fiat, like that of the US dollar, and the speed, security, and efficiency of blockchain and cryptos.

About Stably

Stably is a venture-capital backed startup that is on a mission to connect wealth from the real world to the blockchain economy and help bring stability to the volatile cryptocurrency market.


Author: Edward Siafa


----

Sign up for our newsletter to receive recent news & updates, and follow us on social media:

Website | Twitter | Linkedin | Facebook | Telegram

Contact:

Legal: legal@stably.io

Press: marketing@stably.io

Exchanges or Market Makers: exchanges@stably.io

Partnerships: info@stably.io

Investors: Kory Hoang, CEO — kory@stably.io

0 views

Stably is the creator of Stably USD, a USD-backed stablecoin and Stably Prime, a borderless account with a multitude of financial services and products, customizable to the individual or institutions specific needs.

All asset custody, funds processing, convertible virtual currency administration, trustee and fiduciary services are provided by Prime Trust, a Nevada chartered financial institution and licensed trust company. Digital assets are held in secure cold storage and USD funds are held in FDIC-insured bank accounts by Prime Trust. Stably is not a licensed financial institution and Stably does not manage nor take custody of client funds. Prime Trust neither endorses nor guarantees any of the information, recommendations, optional programs, products, or services advertised, offered by, or made available through the external website ("Products and Services") and disclaims any liability for any failure of the Products and Services.

Please note: By clicking on some of the links above, you will leave the Stably website and be directed to an external website. The privacy policies of the external website may differ from our privacy policies. Please review the privacy policies and security indicators displayed on the external website before providing any personal information.

Copyright © 2019-2020 Stably Corporation. All Rights Reserved