Introducing USDS

Stably USD (USDS) is a multichain stablecoin redeemable 1-to-1 for USD or USDC

Supported Networks (Coming Soon)

Bitcoin

Chia

STRATO Mercata

Coreum

Polymesh

How to Buy & Sell USDS

Create a Stably Ramp account and complete user onboarding.

Follow this guide on how to open a Stably Ramp account.

Follow this guide on how to buy digital assets (including USDS).

USDS Info

Overview

Stably USD (USDS) is a multichain US Dollar stablecoin redeemable 1-to-1 for USD or USDC. The collateral of USDS is held in bank deposits, money market instruments, and USDC by our regulated money service business (MSB) partner or a designated trustee for the benefit of verified USDS token holders. Additionally, periodic attestations shall be performed by an independent attestor to verify that every USDS token in circulation is fully backed with collateral.

Since 2018, we have expanded USDS to multiple blockchain networks, including Chia Network and Polymesh, with more coming soon in the future.

With USDS, anyone in the world can easily on-ramp from fiat to crypto, settle payments or cross-border remittances near-instantly, and interact with popular Web3 applications.

Statements & Attestations

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 a leading stablecoin attestor, The Network Firm, to perform quarterly attestations and verify that the supply of circulating USDS tokens (including white-label versions of USDS such as CUSD and ZUSD) is fully backed 1-to-1 with collateral assets held by our regulated partner(s) and designated trustee(s). Additionally, we will publish statements of accounts where collateral assets are held on a monthly basis.

The Network Firm conducts an attestation for the previous quarter on the first month of each new quarter. Prior to The Network Firm, attestation services were provided by Cohen & Co. Prior to July 2023, attestation reports were performed for “Stably USD Classic” (USDSC), a previous version of USDS that has been discontinued (including white-label versions of USDSC), on a monthly basis.

2018 Dec (A)
2019 Jan (A) Feb (A) Mar (A) Apr (A) May (A) Jun (A) Jul (A) Aug (A) Sept (A) Oct (A) Nov (A) Dec (A)
2020 Jan (A) Feb (A) Mar (A) Apr (A) May (A) Jun (A) Jul (A) Aug (A) Sept (A) Oct (A) Nov (A) Dec (A)
2021 Jan (A) Feb (A) Mar (A) Apr (A) May (A) Jun (A) Jul (A) Aug (A) Sept (A) Oct (A) Nov (A) Dec (A)
2022 Jan (A) Feb (A) Mar (A) Apr (A) May (A) Jun (A) Jul (A) Aug (A) Sept (A) Oct (A) Nov (A) Dec (A)
2023 Jan (A) Feb (A) Mar (A) Apr (A) May (A) Jun (A) Jul* Aug* Sept* Oct (S) Nov (S) Dec (S)
2024 Jan (S) Feb (S) Mar (A/S) Apr (S) May (S) Jun (A/S) Jul (S) Aug (S) Sept (A/S) Oct (S) Nov (S) Dec (A/S)

*Note: Attestation halted due to no material changes since June 2023 (click here for more information).

(A) = Attestation, (S) = Statement