Stably Dollar
USDS

1.000
$
11.59 %
Change 24h
Market Cap
$ 509,167
Volume 24h
$ 527.05
Circulating Supply
508,161
Total Supply
3,233,390
USDS
$
Description
Stably Dollar (USDS) is a fiat-collateralized stablecoin created by Stably, Inc. Each Stably Dollar token is legally backed and redeemable for a US Dollar held in FDIC-insured escrow accounts managed by our fiduciary custodians, such as Prime Trust. The biggest and most obvious problem with using popular cryptocurrencies for transactional purposes at the moment is price volatility. By making Stably Dollar redeemable and pegged 1-to-1 with US dollars, we can virtually eliminate volatility while still retaining many useful characteristics of a cryptocurrency - including fast transaction speed, anonymity, and immutability.
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