Fintech company Stable.com, founded by former Consensys employee Jack Jia, is launching a new stablecoin backed 1:1 and designed with a software layer in mind. USD3 will launch on Ethereum, Polygon, Avalanche and Linea. 🚀

USD3 offers developers and businesses a universal way to conduct transactions and simplifies the integration of decentralized applications (DApps).

Stable.com is a regulated financial institution in the United States with an extensive compliance program developed by industry veterans. USD3 will always be backed 1:1 by US dollars or cash equivalents and will undergo regular internal and external audits to ensure transparency and compliance.

However, despite the improvement in the global regulatory environment, there is still a lack of clarity on how stablecoins and other cryptocurrencies will be regulated. A strong and clear regulatory framework will be critical to the long-term success of stablecoins.