General information | |
---|---|
Global rank: | 4971 |
Name: |
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Symbol: | USDS |
Current coin price (OMR): | 0.058 ﷼ |
Last hour: | arrow_downward-1.35 % |
Last 24 hours: | arrow_upward5.15 % |
Last 7 days: | -41.91 %trending_down |
Capitalisation (OMR): | 0.000000 ﷼ |
Volume 24h (OMR): | 1 687.10 ﷼ |
Available supply: | 0.000000 USDS |
Total coin supply: | -1 USDS |
Start date: | 2018-08-15 |
SpiceUSD/Omani Rial (USDS/OMR) price chart
SpiceUSD/Omani Rial (USDS/OMR) capitalisation and volume charts
Stably USD (USDS) is a fiat-collateralized stablecoin created by Stably. Each Stably USD token is legally backed and redeemable for a US Dollar held in escrow accounts managed by Stably's regulated trustees, such as Prime Trust. To provide a complete and up-to-date level of transparency, Stably provides a view of its reserve balance in real-time via a live feed from the API of its reserve holders. Independent third-party Cohen & Co. also provides regular attestations on the Stably USD reserve balance. By making Stably USD redeemable and pegged 1-to-1 with US dollars, it virtually eliminates volatility while still retaining many useful characteristics of a cryptocurrency - including fast transaction speed, anonymity, and immutability.