Stably Blockchain Labs, Inc Stock
Stably is a cross-protocol reserve-backed stablecoin aimed at connecting wealth from the real world to the blockchain economy.
About Stably Blockchain Labs, Inc Stock
Stably is a reserve-backed stablecoin that is designed to work across multiple blockchain protocols which will initially include Ethereum and Stellar. Stably will utilize a proven centralized model to fully back every token issued with 1.00 US Dollar in a transparent reserve managed by Stably, Inc, the central issuer of Stably tokens. In addition to regular third-party audits, token issuance/repurchase transactions are recorded on-chain and all off-chain transactions as well as reserve balances will be broadcast to the public at frequent intervals. The existence of a physical and transparent reserve will effectively peg the market value of Stably to USD at near 1-to-1 parity. The stability of Stably’s market price will be supported by natural market forces and–if necessary–direct token supply adjustment by Stably, Inc., via open market operations.
Funding History
| April 2018 | $500K |
|---|---|
| February 2019 | $1.2M |
Management
CTO
David Zhang
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