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.
Similar Projects
BitStable
Stablecoin for bitcoin ecosystem collateral assets
Blockstream
Blockchain development company
Nubit
Bitcoin-Native Data Availability Layer
Taproot Wizards
Bitcoin-focused Ordinals project
Sovryn
Bitcoin-based decentralized trading and lending platform
Stacks
Bitcoin L2
Ordinals
Bitcoin NFT Project
Lightning Network
Scalable Instant Bitcoin Transaction Network