USDSB is now listed on Binance DEX and Binance CEX
Stably is excited to announce the launch of our USD-backed stablecoin trading pair on Binance as well as Binance DEX with the new BEP2 version of our stablecoin — USDSB! The following trading pairs will begin trading on Monday, June 24, 2019 (HKT):
- BNB/USDSB on Binance DEX: https://www.binance.org/en/trade/BNB_USDSB
- USDSB/USDT on Binance.com: https://www.binance.com/en/trade/USDSB_USDT
- USDSB/USDS on Binance.com: https://www.binance.com/en/trade/USDSB_USDS
USDSB is the first BEP2 stablecoin to launch on Binance DEX, making it possible for other Binance Chain projects to establish transparent, liquid, and stable on-chain trading pairs.
In addition to the pairs above, we are also planning to list USDSB with additional assets on Binance DEX very soon in the near future.
How to Buy and Redeem USDSB
Any user can create or redeem USDSB, as well as swap with our ERC-20 USDS token. Simply open a support ticket and a member of our operations team will contact you to provide further instructions.
In the coming weeks, we will integrate this functionality into our web platform, where the process to purchase, redeem, or swap to USDSB will be available.
To learn more about USDSB, please read our 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. Our 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.
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