StableUSD
USDS

407.81
XVP
0.50 %
Change 24h
Market Cap
XVP 2,577,910,515
Volume 24h
XVP 861,017,675
Circulating Supply
6,258,840
USDS
XVP
Description
StableUSD (USDS) is a fiat-collateralized stablecoin created by Stably, Inc. Each StableUSD 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 StableUSD 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.