Introducing ZUSD

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.