Stably is excited to announce the launch of several stablecoin trading pairs with our stablecoin, Stably USD (USDS)! USDS will be trading with USDT, USDC, PAX, and TUSD on Binance at 2:00a on Thursday, February 14th, 2019.
How Does USDS Stay at $1?
USDS is a stablecoin designed to be pegged one-to-one with USD (1 USDS = $1 USD). This ratio is guaranteed whenever you want to purchase or redeem USDS directly with Stably, because Stably holds a one-to-one reserve of USD against all issued USDS in the market. View our latest attestation here.
On the open market (e.g. on exchanges such as Binance), this ratio may not be one-to-one, due to various market forces such as demand and available liquidity. Please be cautious if/when the price deviates from this ratio.
How to Purchase and Redeem USDS
Visit https://usds.stably.io to get started!
Visit https://support.usds.stably.io for more information on how to set up, manage, and use your new Stably USD account.
Stably charges no fees for purchase or redemption, outside of associated wire fees from your bank or our regulated trustee for depositing or receiving USD. Our fee schedule is subject to future changes without notice but we will make every best effort to inform existing account holders of such decision in a reasonable amount of time before it happens.
Account opening/closure fees: $0 USD
Account maintenance fee: $0 USD per month
USDS purchase fee: 0% per transaction
USDS redemption fee: 0% per transaction
Ethereum gas fee: 0 ETH
Wire fee for USDS purchase: Please refer to your bank or service provider’s fee schedule.
Wire fee for USDS redemption: Please refer to Prime Trust’s wire fee schedule, currently $15 domestic / $35 international.
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. We raised seed funding from 500 Startups, Beenext Ventures, and angel investors to kickstart our project.
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