StableUSD Whitepaper

StableUSD (symbol: USDS) is a fiat-backed stablecoin that is designed to work across multiple blockchain protocols which will initially include Ethereum and Stellar. StableUSD will utilize a proven centralized model to fully back every token issued with an equivalent unit of real currency (i.e. US dollars) in a transparent reserve managed by Stably, Inc., the central issuer of USDS tokens, as well as our fiduciary custodial partners. In addition to regular third-party audits, token issuance/redemption transactions are recorded on-chain and all off-chain transactions as well as reserve balances will be broadcasted to the public at frequent intervals. The existence of a physical, transparent and redeemable reserve will effectively peg the market value of USDS tokens to real currency at near 1-to-1 parity.

StableUSD Website
StableUSD Whitepaper

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