UND/USDSB is now live for trading on Binance DEX
Continuing our recent number of successful listings, Stably is excited to announce the listing of USDSB against United Network Distribution ($UND) as a base trading pair on Binance DEX at 06:00 UTC, July 15, 2019. In the first hours there have already been over 7,000 in volume traded, and that figure is slowly rising.
- UND/USDSB on Binance DEX: https://www.binance.org/en/trade/UND-EBC_USDSB-1AC
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 UND?
United Network Distribution (UND) is a dual-standard utility token listed on Binance DEX that powers the WRKChains (Work Reconciliation Key Chains) ecosystem created by Unification (https://unification.com/). UND is used to pay for gas for transactions and timestamping on the UND Mainnet, and is also used for accumulation to become one of the 96 validators once the Mainnet launches.
- UND Asset Page on Binance Chain: https://explorer.binance.org/asset/UND-EBC
For related information, please refer to Unification’s blog post: Official Listing of UND on Binance DEX + Lunar Landing Trading Competition + Airdrop
The Unification team has just confirmed that they will be including volume from the UND-USDSB pair in the Lunar Landing Trading Competition. This means that you could win BTC and thousands of BNB for trading USDSB — see the above blog post for details.
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 into 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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