Stably launches on/off ramp integration to support stablecoins on Stellar.
In the pipeline is the Stellar Ecosystem Proposal 31 (SEP 31) which once implemented will accelerate the development of cross-border payment infrastructure.
Stably, a fast-rising fintech company based in Seattle has officially hit the ground running with the long-awaited stablecoin on/off ramp integration. The operation is kickstarting with the provision of support for the Circle-issued digital currency, USDC, and Stably’s digital dollar stablecoin based on the stellar network, USDS.
Today we are so excited to announce our #partnership with @StellarOrg to launch #USDS, Stably’s Stellar-based US #stablecoin on the Stellar network, bringing cross-border payments to business and individuals great for #remittance and other use cases.https://t.co/ep5kzxUwyj
— Stably (@StablyCoin) May 10, 2021
The integration will provide grounds for deposits and withdrawals of supported assets. This will be facilitated
