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
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