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News Explorer — Stably Rolls Out Dollar-Pegged Stablecoin for Ordinals Ecosystem

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May 25, 1:00 pm
Coindesk

Stably Rolls Out Dollar-Pegged Stablecoin for Ordinals Ecosystem

Bitcoin's on-chain economy is getting its own dollar-backed stablecoin, Stably USD, which aims to make trading in ordinals cheaper and more efficient. Stably USD is a BRC-20 token, and is held with Prime Trust, requiring KYC and AML processes for redeemers. Stably's other stablecoin, StableUSD (USDS), has a small market cap and few holders.

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