USDSB is now listed on Binance DEX and Binance CEX
Stably has announced their launch of their USD backed trading pair on binance and Binance DEX
USDSB is the first stablecoin to launch on Binance DEX, making it possible for other Binance Chain projects to establish transparent, liquid, and stable on-chain trading pairs.
Stably also plans to list USDSB with additional assets on Binance DEX very soon in the near future.
In the comming week, users will be able to redeem, buy and swap USDSB on their Web platform.
Users can store USDSB in their binance wallet, trust wallet, zelcore and any wallet that supports BEP2
Stably is a venture-capital backed startup. Their 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.