Stably

Stably is a stablecoin-as-a-service (SCaaS) infrastructure provider based in Seattle. Its core business helps enterprises and financial institutions issue their own branded stablecoins. The platform offers cross-chain issuance, fiat on/off ramps, and compliance frameworks. Stably's key competitive edge lies in its end-to-end solution: it handles token design, regulatory compliance, and integration with multiple blockchains. In 2023, it launched #USD, the first BRC20 standard stablecoin on the Bitcoin network, backed 1:1 by USD held in regulated custody accounts with third-party monthly attestations. This innovation targets the growing Bitcoin Ordinals ecosystem, enabling stable value transfer for NFT and BRC20 asset trading. The market pain point Stably addresses is the high barrier to entry for traditional businesses wanting to issue stablecoins—they lack the technical expertise, regulatory knowledge, and multi-chain infrastructure. Stably simplifies this process, allowing clients to focus on their core business while leveraging stablecoin utility. In the past six months (2026-02-28 to 2026-08-31), Stably has focused on expanding its SCaaS offerings amid the stablecoin market surpassing $250 billion in total value. The company has partnered with payment processors like Fiserv (which plans to launch FiUSD) and explored integrations with major enterprises such as Amazon and Walmart studying private stablecoin projects. Stably continues to support over 30 blockchains and 200+ countries, with recent emphasis on Bitcoin-native DeFi (BitFi) applications. A notable negative development: the company's reliance on third-party custodians like Prime Trust (which faced bankruptcy in 2023) highlights potential counterparty risks, though Stably has since diversified its custody arrangements.