A New Stablecoin Backed Up by the US Dollar Has Launched

Stablecoins, cryptocurrencies tied to fiat ones, are still very much in trend. More and more crypto exchanges list tokenized dollars and pounds, and the new coins emerge quite often.

This time was no exception to the rule. A crypto startup Stably has come out with its own USD-pegged stablecoin called StableUSD.

The blog post states:

StableUSD will utilize a proven centralized model to fully back every token issued with an equivalent unit of US Dollars held in escrow accounts managed by a regulated trustee.”

Hopefully, this stablecoin will stay truly stable, unlike its predecessors. We remind you:

Roger Ver: Stablecoins Aren’t Stable

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