Cole Petersen · 3 hours ago · 2 min read · Insights via Ari Paul
Stably is a venture capital-funded startup based in British Columbia that is developing a reserve-backed stablecoin called “StableUSD.” StableUSD is a reserve-backed stablecoin that is designed to work across multiple blockchain protocols which will initially include Ethereum and Stellar.
- BACKED BY USD. Every StableUSD token is fully backed and redeemable 1-to-1 for US dollars.
- MULTIPLE BLOCKCHAINS. Stably will be available on Ethereum and Stellar with support for other blockchains in the near future.
- VERIFIABLY TRANSPARENT. Real-time electronic bank data and third party audits allow you to verify that each StableUSD is backed by cash reserves.
- NO FEES. Stably charges zero fees for StableUSD issuance and redemption. However, third-party transit fees may still apply (e.g. bank wire fees, network transaction fees).
Co-Founder & Chief Executive Officer
Co-Founder & Chief Technology Officer
Co-Founder & Chief Product Officer
Bryan Guy, JD
Co-Founder & Chief Legal Officer
1561 Oxford St #606North Vancouver, BC V7J 1E6, CanadaOpen in Google Maps →