Multichain USDC is now available: Native USDC from Circle is now available on Stably Ramp across 8 networks. Read more here.
Coin98 is now available: Ethereum C98 from Coin98 is now available on Stably Ramp. Read more here.
Frax assets are now available: 7 Frax Finance assets are now available on Stably Ramp across 7 networks, with more coming soon. Read more here.
CUSD liquidity pools are live: The Viction community has created several CUSD liquidity pools on the Mori Protocol, a native DEX on the Viction network. Read more here (please note that CUSD is not available to US users on Stably Ramp).
4 new networks are live: We have enabled support for Base, Linea, Polygon zkEVM, and zkSync Era. Native USDC is now available on Base and other assets on these networks will be listed soon on Stably Ramp in the coming weeks.
Bitcoin coming soon: We are looking to source native BTC liquidity via integration with THORSwap to list BTC on Stably Ramp within Q1, before the next Bitcoin Halving.
Junk Bonds Signal: In times of market stress, bond ETFs have consistently provided price discovery and the ability for investors to express their differing investment views in real time. Historically, when junk bond ETFs were above their 200-day moving average, it indicated a risk-on investor sentiment typically bullish for risk assets. Conversely, being below this average may suggest bearishness. For more information, please refer to this hypothetical backtest for trading Bitcoin based on 200-day moving average signals from the JNK ETF.
As of today, JNK is 4.74 points above its 200-day moving average (vs. an all-time average of 1.20 points). This could be interpreted as a very bullish signal for both equities and crypto in the short term.
Top pane: JNK with a 200-day simple moving average. Center pane: S&P 500. Bottom pane: BTC.
Alt Season Index: The 12-Month Alt Season Index is an indicator that measures the relative price performance of altcoins vs. Bitcoin in the previous 12 months. When the Index rises above 50, it signifies altcoins outperforming Bitcoin which is typically associated with major crypto market rallies (for example, during the 2021 bull market and DeFi Summer 2020).
As of today, the Index’s value is 25. This could be interpreted as Bitcoin outperforming altcoins for the time being, which means that a major crypto market rally is still not in play, yet.
12-Month Alt Season Index.
DeFi TVL & Stablecoin Market Capitalization: DeFi total value locked (TVL) and total stablecoin market capitalization are two reliable on-chain metrics to assess the crypto market’s current health. Rising TVL and stablecoin market capitalization indicate an increasing level of investor trust and engagement within the DeFi ecosystem, suggesting a robust and growing market. On the other hand, declining TVL and stablecoin supplies can signal a decrease in market liquidity and investor confidence, often reflecting bearish market sentiments.
As of today, the total TVL in DeFi and the total stablecoin market capitalization stood at $111.41 billion (+0.57% WoW) and $135.70 billion (+0.26% WoW), respectively. This could be interpreted as a bullish signal for the crypto market as well as DeFi in the short term.
DeFi TVL and total stablecoin market capitalization.
DeFiChain Twitter Space About Stably’s Proposal: Our CEO, Kory, recently participated in a community discussion on Twitter about Stably’s proposal to expand CUSD to MetaChain. Liam O’Hagan, DeFiChain’s Head of Marketing & Growth, commented: “Highly recommend everyone to listen to it. Nice to see an open and transparent dialogue with a willingness to answer tough questions, too.” You can listen to the discussion here.
Trustpilot Review: As a valued user of Stably Ramp, your experience with our platform is highly valuable to us. We would greatly appreciate it if you could share your thoughts on TrustPilot, helping others to understand the benefits of our service. Your feedback is not only appreciated but also instrumental in shaping our community and services.
Stably is a venture-backed FinTech from Seattle, Washington. We provide regulatory-compliant stablecoin and onramp infrastructure for emerging blockchains, Web3 applications, and financial institutions, enabling their users in 170+ countries/regions to easily buy, sell, or swap digital assets at competitive rates across multiple blockchain networks with stablecoins and fiat payments. Our mission is to power the next billion Web3 users with a superior fiat & stablecoin onramp.
RISK DISCLAIMER: Digital assets involve significant risks, including (but not limited to) market volatility, cybercrime, regulatory changes, and technological challenges. Past performance is not indicative of future results. Digital assets are not insured by any government agency and holding digital assets could result in loss of value, including principal. Please conduct your own thorough research and understand potential risks before purchasing/holding digital assets. Nothing herein shall be considered legal or financial advice. For more information about the risks and considerations when using our services, please view our full disclaimer.
Get the latest Stably updates, right in your Inbox!
Subscribe to our newsletter and get the latest news and updates from Stably.
You have successfully joined our subscriber list.
DISCLAIMER: Stably Corporation (“Stably”) is a blockchain and financial technology service provider, not a bank, with a registered address at 2910 Burnett Ave N, Renton, Washington 98056, USA. Stably Trading LLC (“ST”), a wholly owned subsidiary of Stably, is a FinCEN-registered money service business (MSB) with registration number 31000252673675 and a registered address at 2910 Burnett Ave N, Renton, Washington 98056, USA. Stably’s fiat orchestration partner, Bridge.xyz (“Bridge”), is a FinCEN-registered MSB with registration numbers 31000251587210 (Bridge Building Inc.) and 31000230810249 (Bridge Ventures Inc.), and registered addresses at 2120 University Ave, Suite 213, Berkeley, California 94704, USA, and 1501 Hillmont St, Austin, Texas 78704, USA, respectively. Bridge is not a bank.
Blockchain-connected products and services offered by Stably and ST are built on top of Bridge’s infrastructure via manual and automated integrations, leveraging its financial services including but not limited to: fiat custody, funds processing, virtual currency exchange, convertible virtual currency (CVC) administration—as defined by FIN-2013-G001 and FIN-2019-G001—plus Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance services.
Stably Ramp (“Stably Ramp”) is a non-custodial fiat-to-crypto on and off-ramp platform that enables a verified account holder (“User”) to mint/redeem stablecoins as well as buy/sell/swap stablecoins and other digital assets using fiat and blockchain payment methods. Fiat payments are processed by Bridge and blockchain transactions may be processed by Bridge, ST, or LI.FI (“LI.FI”), a decentralized exchange and token bridge aggregator (as applicable). Only Users whose identities and funding sources are verified by ST and/or Bridge for compliance with their terms and policies, including BSA/AML programs, are allowed to mint/redeem or buy/sell/swap stablecoins and digital assets with Stably Ramp.
Stably USD (also known as “Stably Dollar” or “USDS”) is a multichain stablecoin fully backed with liquid USD-denominated assets such as bank deposits, money market instruments, and/or USD-backed stablecoins (i.e., USDC). The collateral assets are held by Bridge, ST, or a designated trustee (as applicable) for the benefit of verified USDS token holders, including white-label versions of USDS like VeChainThor VeUSD and Viction CUSD. Bridge is the CVC administrator of USDS on Ethereum and ST is the CVC administrator of USDS on non-Ethereum networks, including white-label USDS versions. USDS and its white-label versions are not FDIC-insured. Every USDS token, including its white-label versions, may be minted/redeemed 1-to-1 with USD or USDC according to Stably’s terms and policies, minus fees, through a Stably Ramp account.
Stably BTC (also known as “Stably Wrapped Bitcoin” or “BTCS”) is a cross-chain Bitcoin (BTC) wrapped token fully backed with BTC held by ST or a designated trustee for the benefit of verified BTCS token holders. ST is the CVC administrator of BTCS. Every BTCS token may be minted or redeemed 1-to-1 with BTC according to Stably’s terms and policies, minus fees, through a Stably Ramp account.
Stably ETH (also known as “Stably Wrapped Ethereum” or “ETHS”) is a cross-chain Ethereum (ETH) wrapped token fully backed with ETH held by ST or a designated trustee for the benefit of verified ETHS token holders. ST is the CVC administrator of ETHS. Every ETHS token may be minted or redeemed 1-to-1 with ETH according to Stably’s terms and policies, minus fees, through a Stably Ramp account.
Stably reserves the right to deny, suspend or terminate any User’s usage of Stably Ramp, BTCS, ETHS, USDS and its white-label versions, if Stably deems it advisable or necessary to comply with applicable laws or to eliminate practices that are not consistent with laws, rules, regulations, or best practices.
Digital assets involve significant risks, including (but not limited to) market volatility, cybercrime, regulatory changes, and technological challenges. Past performance is not indicative of future results. Digital assets are not insured by any government agency and holding digital assets could result in loss of value, including principal. Stablecoins (e.g., USDS) and bridged assets (e.g., BTCS) involve additional risks, such as technical challenges, security vulnerabilities, reliance on third-party custodians, and dislocation of market prices relative to the underlying collaterals. Please conduct your own thorough research and understand potential risks before purchasing/holding digital assets. Nothing herein shall be considered legal or financial advice. For more information about the risks and considerations when using our services, please visit: stably.io/terms-of-service.