Bitcoin’s burgeoning on-chain economy is getting its own dollar-backed stablecoin.
The new token Stably USD aims to become a go-to currency for traders transacting in the wave of novel assets being built on bitcoin, according to issuing company Stably. The crypto startup says its token can make trading in ordinals cheaper and more efficient than paying in fiat, or even bitcoin itself.
Bitcoin’s quickly maturing ordinals scene has come a long way since January. First envisioned as a method to “inscribe” NFTs on bitcoin’s smallest denomination, the satoshi, the ordinals protocol has since become a gateway for creating all sorts of tokens – including Stably USD.
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