Stably Launches StableUSD on Ethereum Mainnet

This aggregated story was originally published on this site. Follow the link in the word Story at left to read the full article.

Stably is a fiat-collateralized stablecoin that provides transparent 1-to-1 parity to the U.S. dollar. On Aug. 16, Stably debuted its StableUSD token on the Ethereum mainnet. Fiat-backed, $100K Proof of True Reserve The Stably developer team has officially launched its StableUSD (USDS) token on the Ethereum network, according to a blog post. Related: Exclusive Interview With Stably on Providing Crypto Stability in an Unstable Market Based in Vancouver, Canada, Stably is a venture capital-backed startup seeking to bring stability to the volatile cryptocurrency market through a secure, transparent medium of exchange. Each StableUSD token is fully backed 1-to-1 by the U.S. dollar, giving each USDS equivalent value to American fiat currency. Stably will maintain a true reserve of U.S. dollars to back each StableUSD token, which users can review on the “Transparency Dashboard” on the Stably website. Each quarter Stably will also release a reserve audit conducted by a Big Four accounting