Exploring Stablecoins with Stably or StableUSD
To explain, a stablecoin is a crypto-asset built around a smart contract to sell a unit of fiat currency. In StableUSD’s case the fiat currency is the United States dollar.
Specifically, each USDS altcoin contains an Ethereum smart contract they program to release a dollar held in an account. Thus, Stably releases a dollar when you make a StableUSD transaction.