About

Stably Dollar, formerly StableUSD, is a regulated and transparent stablecoin created by Stably, Inc. They are fiat-collateralized, meaning that they are pegged on a 1:1 basis with, and redeemable for, US Dollars (USD) held at a third-party custodian.

History

Stably Dollar is a reserve-backed stablecoin founded by Kory Hoang, Bryan Guy, David Zhang, and Amiya Diwan, founders of Stably Inc. The token was designed to fill a need for stablecoins and provide a price stable asset. Volatility in is seen as a weakness when it comes to the ability to store and transact in cryptoassets.

In April 2018, Stably announced the development of Stably Dollar and opened early access to Stably Dollar on the Ethereum blockchain in Nov. 2018.