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Stably Corporation Launches Stably USD on Polymesh Blockchain

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It is reported that the Seattle based Web3 payment infrastructure and stable currency as a service provider Stably Corporation announced the official launch of…

Stably Corporation Launches Stably USD on Polymesh Blockchain

It is reported that the Seattle based Web3 payment infrastructure and stable currency as a service provider Stably Corporation announced the official launch of Stably USD on the Polymesh blockchain. Stably has the MSB license registered by FinCEN. Its stable currency, USDS, was launched on the main network of Ethereum in 2018, and then on the Harmony public chain and XRP Ledger (XRPL) in 2022. It is reported that Stably USD is the first stable currency issued by Polymesh in the United States and the first product of continuous cooperation between Stably and Polymesh. It allows institutional users to also create Stably Prime accounts to cast/exchange Stably USD or convert it into other digital assets, including USDC, USDT, BTC, ETH, etc. （prnewswire）

Stably Corporation launched stable currency Stably USD on the Polymesh chain

Analysis based on this information:


Stably Corporation, a Seattle-based Web3 payment infrastructure and stable currency as a service provider, has launched Stably USD on the Polymesh blockchain. The launch of Stably USD on the Polymesh blockchain marks the first stable currency issued by Polymesh in the United States and the first product of the ongoing collaboration between Stably and Polymesh. Stably has already received its MSB license registered by FinCEN and the company’s stable currency, USDS, was launched on the main network of Ethereum in 2018, followed by the Harmony public chain and XRP Ledger (XRPL) in 2022.

With the launch of Stably USD on the Polymesh blockchain, institutional users can now create Stably Prime accounts to cast/exchange Stably USD or convert it into other digital assets, including USDC, USDT, BTC, ETH, and more. This feature allows users to have access to a wide range of lending and trading platforms, providing more liquidity and flexibility to the market.

The launch of Stably USD on the Polymesh blockchain also solves the major issue of unstable fiat currencies in the cryptocurrency market. Stable currencies have become increasingly popular due to their ability to provide a stable value that tracks the market price of a specific cryptocurrency. This helps to reduce the volatility of the market and make it easier for users to transact without worrying about sudden price fluctuations.

In conclusion, Stably Corporation’s launch of Stably USD on the Polymesh blockchain represents a significant milestone in the cryptocurrency market. The move will increase adoption of stable currencies, which in turn will help stabilize the market and make it more accessible to institutional users. With more digital assets being made available for trading, Stably USD on Polymesh is poised to become a trusted and reliable stable currency platform that can support a variety of use cases in the cryptocurrency space.

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