Episode 178: Stability and Simplicity In A Volatile Industry With Stably

From No Crypto to Know Crypto

In this episode, Blockchain Wayne interviews Kory, the CEO and co-founder of Stably. They discuss Stably's journey, challenges faced, and plans for the future. Kory shares his background and how he got into the crypto space. He talks about the importance of stablecoins and how Stably aims to provide trustworthy and transparent stablecoin payment services. Kory also discusses the impact of Prime Trust's bankruptcy on Stably and how they have overcome the challenges. He highlights the launch of StablyRamp, a fiat on/off ramp, and their partnership with Coin98. Kory concludes by expressing optimism for the future and the growth of Stably in the coming years.

Learn more about Stably: https://stably.io/

Learn more about FIO and get your Handle today: https://fio.net/

Takeaways

Stablecoins are crucial for enabling widespread adoption of crypto payments by addressing the volatility concern of businesses.

Stably faced challenges due to the bankruptcy of their regulated custodian, Prime Trust, but successfully rebuilt their infrastructure and formed new partnerships.

StablyRamp provides a fiat on/off ramp for buying, selling, and swapping stablecoins and other digital assets using traditional payment methods.

Stably plans to expand its asset offerings, support more payment methods, and enhance transparency through on-chain collateralization.

Stably's partnership with Coin98 and the launch of CUSD aim to expand their stablecoin services to emerging ecosystems and enhance interoperability.

Chapters

00:00 Introduction and Background

03:07 Stably's Journey and Challenges

11:01 Impact of Prime Trust's Bankruptcy

16:14 Rebuilding and Future Plans

26:40 StablyRamp and Fiat On/Off Ramp

29:58 Follow Stably and Coin98 Partnership

31:48 Conclusion and Future Outlook