Download our app now to access cryptocurrency data anytime, anywhere! [Click here to download]

Stabolut

Bitcoin-backed stablecoin

Details

Stabolut is building an innovative global payments ecosystem. In September 2022, they embarked on the development of USB, a Bitcoin-backed stablecoin designed to reflect the value of the US Dollar through an innovative method: shorting Bitcoin via a Bitcoin inverse perpetual swap. Asset-backed USB eliminates the need for bank accounts, ensuring immunity from crackdowns or frozen funds, and bolstering complete privacy and resilience.

Related News