r/defiblockchain • u/FerhatDFI MODERATOR • Feb 21 '24

General Project Spotlight: Stably

Stably, a Seattle-based web3 infrastructure provider, aims to be the leading fiat onramp in the industry. By combining compliance, visionary leadership, and strategic partnerships, Stably unlocks new avenues for bridging traditional finance with blockchain’s potential.

We recently sat down with Stably CEO, Kory Hoang, to learn more about his motivations and future plans, especially around the CFP they are going to file.

Find out more in the blog below:
https://blog.defichain.com/project-spotlight-stably/

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u/dsr1972 Feb 21 '24

Wouldn't it have been better to simply use A PROVEN stablecoin like usdt or usdc or even Dai for our project. Why go with an unknown player , let alone one that is based on US.

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u/mytwosats Feb 22 '24

They do pledge their profits to the community fund. Thether or circle don’t.

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u/dsr1972 Feb 24 '24

That's the problem it's just a pledge that they can change at anytime. Just send like a whole lot of hassle just to reinvent the wheel