Welcome to Part 2 of Stably’s series on using stablecoins in DeFi. In this article, we’ll talk about how to exchange fiat currency for stablecoins using Stably Prime. Understanding how to obtain and liquidate stablecoins is the first step toward using stablecoins in DeFi. With inflation hitting 8.5% while high-yield…

Welcome to Part 1 of Stably’s series on using stablecoins in DeFi. In this series, we’re going to explain how to use decentralized lending platforms, liquidity pools, and yield farming to take advantage of the lucrative opportunities afforded by stablecoins. Inflation of the U.S. Dollar is at 8.5% as of…

Intro Following the collapse of Terra USD (UST), the crypto community has plenty of reasons to be skeptical about the future of algorithmic stablecoins. Can algorithmic stablecoins be trusted? Algorithmic stablecoins are an interesting innovation as they address over-collateralization, a common concern of crypto-backed stablecoin users. For example, Maker DAI is…

The fall of Terra USD (UST) and LUNA have been difficult for investors, with many suspecting that an attack was orchestrated similarly to the infamous one levied on the Bank of England by George Soros in the early ‘90s. Stablecoins have become a foundational element of DeFi, so the fall…

Summary: To mint VeUSD tokens on the VeChain network, you need to go through the following steps: Open a Stably Prime account at https://prime.stably.io/ and complete the KYC process. Also, please make sure that your 2FA is set up and enabled. Deposit funds to your Stably Prime account (using wire…

Stably Raises Pre-Series A Round Led by Morgan Creek Capital + CREAM and VeChain’s Founders Seattle, United States — January 21, 2022 Stably, a US venture-backed stablecoin and asset tokenization infrastructure provider, announced it has secured an undisclosed amount of funding in a recent Pre-Series A equity financing round led…

Today, we are proud to announce the launch of VeUSD, a USD-backed stablecoin, on the VeChainThor public blockchain, the first product released as part of our ongoing collaboration with the VeChain ecosystem. Since the launch on the Ethereum mainnet in 2018, Stably has been setting new standards for transparency and…

Stably is proud to present our very first Creative Logo Challenge! We understand that we have all been in some tough times, many of us having to adapt to changes such as staying home, working from home, and facing some other difficulties that we all have gone through. …