Hello Stably and Stablecoin Community!
So much has been going on and the Stably team is at full capacity as we are onboarding so many new clients into the world of branded stablecoins and beyond, bridging real world assets and the digital economy.
We announced our partnership with Zytara (DigitalBits) back in November 2020 — and we’ve been heads down cranking away on making this happen between our two companies. If you don’t remember what happened back then, we announced ZUSD, a stablecoin 100% collateralized with corresponding USD held with Prime Trust, and redeemable through Prime Trust at a 1:1 ratio. ZUSD launched on the Ethereum Blockchain — and NOW, the DigitalBits blockchain and on the Zytara platform. This enables members to send and receive payments, earn on spending, and participate in other great benefits made possible only through the use of cryptocurrencies. And this integration is focused on the gamer and esports enthusiast communities, while promoting financial inclusion and literacy.
Here’s what you need to know
The Mainnet 2.0 repository for DigitalBits was made publicly available starting the week of February 22, 2020 and partners have been very excited about this major upgrade. The issuance of both ZUSD (Zytara dollar) and our Stably USDS on the DigitalBits mainnet plus additional institutional on and off ramps for ZUSD have been confirmed.
“We’re very excited to support the transition of DigitalBits to Mainnet 2.0,” said Kory Hoang, Stably CEO. “Assets issued through our Stablecoin-as-a-Service will now be able to leverage the speed and power of the DigitalBits blockchain. Stably is also committing to operating nodes on the DigitalBits network globally to support decentralization and security of the network.”
To celebrate these latest developments, the XDB Foundation will be expanding the XDB Liquidity Reward Program originally launched on Uniswap on December 30, 2020, to include a XDB-ZUSD pairing activation. Don’t miss out and check it out.
DigitalBits will be looking to enhance the liquidity and availability of XDB through more exchange listings and more products to increase the utility. More information should be coming from the DigitalBits team on that.
More about DigitalBits
If you don’t know about the DigitalBits blockchain and network — it was specifically designed to support certain consumer digital assets, focused on branded currencies and branded stablecoins. As you know, branded digital assets are an emerging asset sub-category. It combines the benefits of blockchain technology with the stability of recognizable currencies like the US Dollar PLUS a host of other benefits like interoperability with existing applications, leveraging existing network effects, increasing consumer access and heightening market intelligence.
If you want to learn more about ZUSD and the DigitalBits project, click here. Ultimately, esports is well-known to have surpassed many traditional sports in terms of viewerships. Its estimated that there will be over 3 billion gamers worldwide by 2023. We’re very excited to be a part of this digital evolution in tournament payments, merchandise sales, in-game products, fan engagement, and other programmable incentives 24x7.
Be a part of this digital evolution with us.
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