BUIDLing The Next Stage of Harmony & Stably Partnership
Proposal to Add ONE/USDSB Trading Pairs on Binance DEX
Keeping with the momentum of our recent listings, Stably and Harmony are excited to propose the listing of USDSB and Harmony ($ONE) as a base trading pair on Binance DEX.
Read & comment on the proposal. We will post another update once the trading pair is live.
USDSB is the first BEP2 stablecoin with a presence on Binance DEX, making it possible for other Binance Chain projects to establish transparent, liquid, and stable on-chain trading pairs.
What is Harmony ONE?
Harmony is a fast and secure blockchain with key innovations in state sharding and peer-to-peer networking. Its sharding uses secure proof-of-stake and decentralized randomness, and its networking achieves optimal cross-shard routing and fast block propagation.
Harmony helps businesses build marketplaces of fungible tokens (such as energy credits and loyalty points) and non-fungible assets (such as game collectibles and real estate).
Harmony is applying zero-knowledge proofs for data sharing while preserving the consumer’s privacy. Common industry use cases include ad exchanges, credit ratings and many other data consortia that would otherwise take many years to form among competing companies.
Harmony ONE is a BEP2 token listed on Binance DEX.
- ONE Asset Page on Binance Chain: https://explorer.binance.org/asset/ONE-5F9
More Harmony news: Binance Listing, Day ONE Mainnet, June Update
How to Buy and Redeem USDSB
Any user can create or redeem USDSB, as well as swap with its ERC-20 USDS token. Simply open a support ticket and a member of Stably’s operations team will contact you to provide further instructions.
In the coming weeks, Stably will integrate this functionality into its web platform, where the process to purchase, redeem, or swap to USDSB will be available.
To learn more about USDSB, please read the launch blog post here.
Where To Store USDSB
Users can start depositing USDSB tokens on Binance.com in their wallets. Additionally, users can can custody USDSB directly in the following wallets, as well as any other wallets that support BEP2:
Stably is a venture-capital backed startup. Its vision for the future is to create a more efficient global infrastructure for transferring and settling funds — faster, cheaper, and accessible to all.
What is USDS?
USDS is a stablecoin created by Stably and issued by Prime Trust, a Nevada-chartered trust company that is also the regulated administrator for USDS. Stablecoins are cryptocurrencies that are equivalent to national currencies — i.e. digital cash. Regulated, fiat-backed stablecoins are backed by physical reserves of cash and can be redeemed at a 1:1 ratio.
USDS virtually eliminates the crippling price volatility of traditional cryptocurrencies like Bitcoin and Ethereum, while still retaining many of their useful characteristics.