#stably

[howtoinvestinnftcrypto]

Stably introduces #USD, the first Bitcoin network stablecoin

Stably introduces #USD, the first Bitcoin network stablecoin

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Stablecoin-as-a-Service (SCaaS) provider Stably has unveiled Stably USD (#USD), the first stablecoin operating on the Bitcoin network, according to a May 25 press release.

The move introduces #USD as a native BRC20 token to the Bitcoin blockchain. It is an expansion of the Bitcoin Ordinals ecosystem, which was made possible by the network’s Taproot upgrade in November 2021.

Stably is a Seattle-based fintech firm that provides fiat on/off-ramp infrastructure for Web3 projects. 

It is backed by several notable investors, including Morgan Creek Capital, BEENEXT, 500 Startups, Hard Yaka, CREAM Labs, Sunny Lu of VeChain, and Paul Stahura of Donuts, Inc. 

BRC-20 tokens take center stage

BRC-20 tokens utilize a mechanism known as ordinal inscriptions to append data to individual satoshis, Bitcoin’s smallest unit. These satoshis are then individually identifiable and can represent a wide range of entities, including NFTs and, now, stablecoins.

The lack of stablecoin functionality has been a strict limitation on its functionality. DeFi markets operating on Ethereum rely heavily on stablecoins as an integral part of their ecosystems, providing a settlement unit that can be tracked against fiat markets. Until recently, Bitcoin did not have this capability.

While some have hailed the Ordinals ecosystem as a liberating moment in Bitcoin’s history, others have criticized expanding Bitcoin’s use case beyond that of a unit of exchange. In either case, the introduction of a stablecoin to the Bitcoin network is a watershed moment.

Stably claims that each #USD token is backed one-for-one by USD held by a U.S.-regulated custodian in a collateral account for the benefit of token holders who have undergone KYC/AML processes. It also stated that third-party attestors would conduct monthly reports to ensure that #USD tokens are always fully collateralized with USD.

Stably reported that #USD can be issued and redeemed via multiple platforms like Fedwire, SWIFT, USDC, and USDT by KYC-verified users across 200+ countries/regions, including up to 44 US states. For the initial launch of #USD, the issuance/redemption process will be manual.

The post Stably introduces #USD, the first Bitcoin network stablecoin appeared first on CryptoSlate.

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GameFi News

[thecryptoreport]

CODEX crypto exchange lists StableUSD (USDS) and TrueUSD (TUSD)

CODEX crypto exchange lists StableUSD (USDS) and TrueUSD (TUSD)

CODEX, a crypto exchange based out of Estonia, today announced that after recent negotiation with the team of Stably, they have decided to list StableUSD (USDS).

All USDS coins are backed one-to-one by the US dollar, and they can be redeemed for US dollars by verified accounts on their platform.

Stably announced their launch back on February 2019 with listing on Binance.

TrueUSD

The CODEX team…

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[cryptodigestnews-blog]

Stably Developing a Meta-Stablecoin to Mitigate Risks

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.

The main aim of the project it to mitigate…

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[koinmedya]

Yeni Bir Stabil Koin USDS Geliyor

Yeni Bir Stabil Koin USDS Geliyor

Yeni bir Stabil koin USDS geliyor. Stable koinler Tether’e olan güvensizlikten dolayı bu aralar çok revaçta. Gemini Dolar (GUSD), TrueUSD (TUSD), Tether USD (USDT) ve diğer birçok kripto paradan sonra şimdi de yeni bir stabil koin USDS piyasaya çıkıyor.

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[english-tibetan-dictionary]

stably

khya re khyo rer 'gro ba - go unsteadily, precariously, waveringly, unstably [IW]

khyar khyor du phyin pa - go unsteadily, precariously, waveringly, unstably [IW]

'gyur ba ma ning - 1) changeable hermaphrodite/ neuter [persons' male/ female whichever organs not stably remaining and depending on which part of the month it is, if it is male female and if female male naturally becoming]; 2) suffix letter Rjes 'jug gi neutral letter na ra la general name, also joined after the pho yig or not like: bstan pa, bskor ba, btsal ba etc. strongly 'gyur ba and ming gzhi after mo yig not placed as: 'gran pa, 'gor ba, 'gul ba etc weakly 'gyur ba rnams.] [IW]

'gyur med - changeless, [unchanging, unswerving, immutable, permanent, unperishable, unchangeable, eternal, unwavering, immovable, unalterable, incommutable, undeviating, imperturbable, abiding, adamantine. stably established.] [IW]

brtan brtan - 1) thoroughly, w persistence, trying hard [nan tan]; 2) changeless and certain/ fixed stably ongoing [explanation, work, intent]; 3) so solid [IW]

'dul ba 'dzin pa - monk/ vinaya holder [having completed his novitiate, a monk who has the two qualities of stably keeping his vows continuously and unbroken and knowing the vinaya and how to teach and propagate it.] [IW]

bag yod pa - 1) conscientiousness, taking care; 2) be careful, pay heed/attention; 3) greasy/sticky stains; 3) having stains or dirt)/ [be stably mindful of, [one of the 11 virtuous mental states, (apramada) [dge ba'i sems byung bcu gcig] applying earnest care toward things to be accepted and rejected, working to establish the good accumulations of samsara and nirvana, mindfulness, enabling to keep vows purely, alertness for non- virtuous deeds, attentiveness, wakefulness] [IW]

bles la bor - 1) [arch] discard w/o mastering; 2) mind, knowledge [1 {rang yul snang ba'i rig pa} the mind apprehending its objects: [ordinary level] awareness seeing a pillar, vase and so forth object-dharmas mthong. eg, like perception and inference. the mind remaining stably, an assembly of meany things the mind completely apprehending lings kyis bkal ba, evaluate in mind the real way things are, when in the common people's las don pham nyes occur be able to tshugs a stable mind two upaya and prajna or las jus, for a new project la completely relying on the mind, a person w experience inquiring in mind = go ba, nye bar dmigs, spobs byed, blo gros, rmongs 'joms, yid, rab mthong, rig pa, legs rtogs, shes pa, shes rab, sems pa, sems byed.] [IW]

gzab brtan - work hard, stably, and carefully [IW]