Fintech decacorn ripple partners with Stably_Official to release Stably USD $USDS stablecoin on XRPL Ripple $XRP
With this partnership scored, Ripple is set to provide all necessary technical support for the implementation of Stably USD blockchain on XRP Ledger platform.
New XRPL-based stablecoin will be issued under USD ticker. Thanks to its integration with U.S.-regulated banking institutions, Stably USD will allow partners from 200 countries to seamlessly mint and claim their stablecoins on XRPL.
We are very excited to partner with Ripple and support our fiat-to-stablecoin gateway to the XPRL via USDS. Regulatory compliance, transparency, and security have always been Stably's top priorities and we look forward to bringing more of these benefits to the XRPL community.By Q4, 2022, Stably has already released Stably USD on a number of popular blockchains, including the likes of VeChain, Tezos, Harmony and Polymesh.
Also, it yielded investments from a clutch of high-profile VCs, such as Morgan Creek Capital and leading angel investors . With its toolkit of solutions — including attestated fiat-collateralized stablecoin USDS — Stably is aimed at building a holistic DeFi/TradFi ecosystem of products for retail and entrepreneurial use in fintech.
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