USD Bitcoin (Stablecoin BRC-20)

By Kriptux | Crypto Assets Online | 31 May 2023

In a post on the Twitter Social Network on May 25, the Stably Company announced the launch of a native Stablecoin of the Bitcoin (BTC) Blockchain.

This Token called #USD (USD Stable), according to the aforementioned company, was conceived as a Stablecoin that is backed by US dollars with an exchange rate of 1x1.

Actually, the Stablecoin USD from the Stably company had already been issued previously in other Blockchains such as Ethereum (ETH), Stellar (XLM) and others (more than 10).

What is new is that it was now issued on the Bitcoin Blockchain. In fact, as far as is known, it appears to be the first stablecoin based on the BRC-20 standard of the Bitcoin Ordinals protocol.

The FinTech Stably Company has a technological infrastructure that enables financial connection services between Stablecoins and FIAT currencies.

The Stably Company Platform uses the benefits of Web3 technology and enables the purchase and sale of Stablecoins and other digital assets (KYC is required to access the purchase of #USD).

Disclaimer: The content of this article cannot be considered as investment advice. This content is for informational purposes only.

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Kriptux

Crypto Enthusiast⚡and Digital Content Creator (crypto topic writing). You can follow me on this link: https://allmylinks.com/kriptux

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