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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.

Founded

2018

Total Funding

$1.7M

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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EquityZen does not have an affiliation with, formal relationship with, or endorsement from Stably Blockchain Labs, Inc or any companies feature above. This profile is based on publicly available information and is intended to be informative in nature.

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