StableUSD Mainnet Launch

Stably
Stably
Aug 16, 2018 · 2 min read

Today, Stably is proud to announce that StableUSD (USDS) has successfully launched on the Ethereum mainnet. USDS is an ERC-20 token and can be found on etherscan here.

Etherscan token tracker

For those unfamiliar with StableUSD, it is a fiat-collateralized stablecoin. This means that every StableUSD token is fully backed 1-to-1 by a US dollar. This model requires transparency to verify that Stably’s reserve has the money to back all the StableUSD tokens in circulation. To learn more about StableUSD, read our FAQ.

With this launch, 100,000 USDS have been minted. Below is a screenshot of Stably’s current reserve account showing that there is at least $100,000 to back the 100,000 USDS tokens. These tokens are for internal testing purposes before the public launch.

Stably’s current reserve account

To maintain transparency, Stably will have quarterly reserve audits and frequent attestations conducted by a Big Four accounting firm. Additionally, Stably’s website will have a ‘Transparency Dashboard’ that will show Stably’s current reserve bank balances.


Follow the blog for future announcements and updates.

Head to our website stably.io and sign up for our newsletter.

Follow us on twitter @StablyCoin

Join our telegram

Stably

Stably’s official blog for company announcements and updates

Stably

Written by

Stably

Stably is building a more efficient global economy — faster, cheaper, and accessible to all — through USDS, a regulated stablecoin. Learn more at www.stably.io

Stably

Stably

Stably’s official blog for company announcements and updates

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade