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Stablecoin (SBC) is a fully backed digital dollar stablecoin issued by Brale, a registered MSB and licensed money transmitter in the U.S. SBC is redeemable 1:1 for U.S. dollars and was designed to keep backing assets safe and maintain liquidity for redemptions.
SBC is a multi-chain compatible stablecoin deployed on Ethereum, Avalanche, Polygon, Celo, Base, Optimism, and Stellar. SBC is backed by cash, cash equivalents, and U.S. treasuries held with regulated financial institutions and is designed to support multiple issuers.
SBC was launched in alpha on 3/08/2023 and currently has a market cap of $6,544,066, backed 1:1 by fiat reserves.
Brale's team has developed regulated financial products for over a decade. At Dwolla, we helped invent Banking-as-a-Service (BaaS), facilitating tens of billions per year in transaction volume for more than 10 million end users. Stable Coin was created to help blend best practices from centralized best with decentralized protocols.
Stable Coin is available for issuance and redemptions at Brale and for trading on Uniswap.