What is a Stablecoin?

Think of a stablecoin as a digital version of the physical dollar in your pocket. It’s the next evolution of money – digital cryptographic cash. A stablecoin gives you all the benefits of cryptocurrency, like faster, cheaper and borderless transactions, without any of the volatility from market prices. And unlike other forms of digital money (e.g. PayPal, banks), you have full ownership of your money recorded on the blockchain, the same way you would if you were holding a physical dollar bill.

​Stably USD (formerly “StableUSD”), also known as USDS, is a US Dollar-pegged stablecoin fully backed 1-to-1 and redeemable for USD held in an FDIC-insured trust account managed by Prime Trust, a state-chartered trust company in Nevada who is the token’s official regulated trustee and administrator. USDS is currently the 7th largest USD-backed stablecoin in the world and it is also featured on major cryptocurrency exchanges like Binance, Binance DEX and Bittrex. USDS is based on the ERC-20 token standard for Ethereum and the BEP-2 standard for Binance Chain at the moment and we will expand USDS to more blockchain protocols in the future, including EOS and Stellar.

In the near future, Stably and our regulated partners will release more stablecoins backed by other national currencies as well as commodities and precious metals such as gold and silver. We will also expand to other blockchains that have better features such as speed, scalability and security.

Our Stablecoin Features

Organic Stability

1-to-1 USD Backing

FDIC Insurance for USD

Regulated Issuer

Transfer in Minutes

Free Issue/Redeem

Instant Issue/Redeem

P2P & Borderless

Transparent & Audited

Programmable Money

Global KYC Support

Multichain (ETH & BNB)

Stablecoin Use Cases

Remittance

Payments

Safe-Haven

Lending

Trading

A Stablecoin for Multiple Blockchains

Ethereum
 

Binance
Chain

Stellar
(Coming Soon)

EOS
(Coming Soon)

Harmony
(Coming Soon)

TomoChain
(Coming Soon)

Some of Our Partners

View All Partners

Smart Contract Audit Partners

Transparent & Security

Stably recognizes that stablecoins require a high standard of public transparency for consumers and businesses to build trust. As a result, we have engaged with Cohen & Co., a nationally top-ranking accounting firm, to conduct monthly attestations and verify that the entire supply of issued tokens is consistent with assets held in reserve accounts managed by our regulated trustee partners. Users may also view a live report of the reserve accounts via our partners’ APIs when they open a Stably account.

Cohen & Co. provides attestations on our reserve on the last day of every month. Every attestation that has been published since the launch of USDS can be viewed below.

Proof of Funds

Transparent & Security

Stably recognizes that stablecoins require a high standard of public transparency for consumers and businesses to build trust. As a result, we have engaged with Cohen & Co., a nationally top-ranking accounting firm, to conduct monthly attestations and verify that the entire supply of issued tokens is consistent with assets held in reserve accounts managed by our regulated trustee partners. Users may also view a live report of the reserve accounts via our partners’ APIs when they open a Stably account.

Cohen & Co. provides attestations on our reserve on the last day of every month. Every attestation that has been published since the launch of USDS can be viewed below.