ZUG, Switzerland, Aug. 31, 2022 /PRNewswire/ -- The Polymesh Association is excited to share that it is working with blockchain and financial technology provider Stably to explore bringing stablecoin infrastructure to Polymesh, with the intention of launching Stably's inaugural USDS token on the institutional-grade blockchain.
USDS is a multichain, fiat-backed stablecoin created by Stably who works with Prime Trust, a Nevada state-chartered trust company and regulated custodian. Every USDS token is fully collateralized 1-to-1 with USD held in bank deposits for the benefit of USDS holders. The Stably-Polymesh integration will support the launch of USDS on Polymesh, bringing the first regulatory-compliant stablecoin to the blockchain built specifically for regulated assets.
Held on major cryptocurrency exchanges such as Bittrex and expanded across 10+ emerging blockchains including Harmony, Tezos, and VeChain, the launch of USDS on Polymesh will also dramatically widen Polymesh's...
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