Stably is building the foundation for the blockchain economy through StableUSD (USDS), a regulated and transparent stablecoin.
What is StableUSD?
StableUSD (USDS) is a fiat-collateralized stablecoin created by Stably, Inc. Each StableUSD token is legally backed and redeemable for a US Dollar held in FDIC-insured escrow accounts managed by our fiduciary custodians, such as Prime Trust.
The biggest and most obvious problem with using popular cryptocurrencies for transactional purposes at the moment is price volatility. By making StableUSD redeemable and pegged 1-to-1 with US dollars, we can virtually eliminate volatility while still retaining many useful characteristics of a cryptocurrency - including fast transaction speed, anonymity, and immutability.
Our Core Values
Every StableUSD token is fully backed and will always be redeemable 1-to-1 for US dollars through an easy-to-use portal.
Information about our US Dollar reserve and circulating StableUSD is public, easy to access, and clear.
StableUSD tokens are built on the Ethereum network, and several other versions are under development including Stellar and EOS.
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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.
Invested and Vetted
We raised $500,000 in seed funding from 500 Startups, Beenext Ventures, and angel investors to kickstart our project in April 2018.