A fresh new look was given to Stably.io to coincide with launch of early access to the StableUSD.
Upon our announcement of early access to StableUSD, the 1:1 dollar-pegged and backed cryptocurrency, anyone can now apply for verification to create and redeem StableUSD (USDS). A verified client can send funds to the company’s regulated trustee to initiate the transaction. We then submit the transaction to the smart contract, which mints new StableUSD tokens and sends them back to the client. The token creation process can also be fulfilled by depositing Bitcoin (BTC), Ethereum (ETH) and Tethers (USDT).
On November 1st, we announced our partnership with Prime Trust. Prime Trust is the regulated trustee for the StableUSD fiat reserves and users of our platform will be able to view a live feed of our reserves through their API. The goal with this is to provide the highest level of transparency possible.
We also partnered with Cohen & Co who will be providing weekly attestations for our fiat reserve. Cohen & Co is also known for providing attestations for other stablecoins.
Stably is a venture-capital backed startup that is on a mission to connect wealth from the real world to the blockchain economy and help bring stability to the volatile cryptocurrency market. We raised $500,000 in seed funding from 500 Startups, Beenext Ventures, and angel investors to kickstart our project.
Find us on Twitter
Like us on Facebook
Legal: [email protected]
Exchanges or market makers: [email protected]
Media: Mahraan Qadir, VP of Marketing —[email protected]
Investors: Kory Hoang, Chief Executive Officer — [email protected]
