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Stably Developing a Meta-Stablecoin to Mitigate Risks

Stably, a VC startup responsible for StableUSD (USDS) has announced that its working on a Meta-stablecoin that will have other stablecoins as its reserve.

According to Stably, the Meta-stablecoin will be a first in the market and will be tradable between exchanges. The project team is developing the stablecoin with institutional investors in mind.