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Seattle-based Web3 Payment Company Launches Stablecoin On XRP Ledger

Seattle-based Web3 payment company Stably Corporation has announced the launch of its multichain USD-pegged stablecoin on XRP Ledger (XRPL). The stablecoin, dubbed Stably USD (USDS), supports XRPL’s goal to provide a sustainable and scalable platform for tokenized assets. 

According to a press release today, Stably USD has become the first USD-backed stablecoin to launch on XRP Ledger. The move is part of a partnership between Stably and Ripple. It is noteworthy that the stablecoin has been launched on 11 other blockchains, including VeChain, Ethereum, Tezos, and Solana. The web 3.0 payment company is planning to launch Stably USD on more blockchains soon. 

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