May 25, 2023 – Renton, United States
Stably, a leading SCaaS (stablecoin-as-a-service) and fiat on/off-ramp infrastructure provider for Web 3.0 projects, is aiming to revolutionize the nascent Bitcoin ordinals market by launching its USD-backed stablecoin – Stably USD – as a natively-issued BRC20 token under the symbol #USD.
This groundbreaking development marks a critical milestone in the exponentially growing Bitcoin ordinals ecosystem that is now reaching half a billion dollars in total market capitalization in less than six months.
#USD is a BRC20 standard stablecoin created via the Bitcoin ordinals protocol, which was introduced in January 2023 after the recent Taproot upgrade.
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BRC20 tokens use a technique called ‘ordinal inscriptions’ to attach data to individual ‘satoshis’ – the smallest unit of a
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