Ascent Exchange Welcomes Stably as Its Native Stablecoin Partner
Ascent Exchange, the Next-Gen Liquidity Layer on Horizen EON, is thrilled to announce its partnership with Stably, a renowned financial technology service provider and the Native Stablecoin Partner of Ascent Exchange. This collaboration brings together Ascent’s expertise in scalability, security, and efficiency with its commitment to community, decentralization, and innovation, while strengthening Stably’s global Stablecoin-as-a-Service (SCaaS) and fiat ramp infrastructure offerings across various blockchain networks.
Stably, headquartered in Washington, is a venture-backed FinTech firm offering regulatory-compliant Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp infrastructure. Their mission is to empower emerging blockchain ecosystems and Web3 users with cutting-edge stablecoin and fiat ramp infrastructure. This ethos has led Stably to become a key provider of stablecoin and fiat ramp infrastructure solutions to blockchains and decentralized applications alike. Stably’s services enable users from over 170 countries to efficiently engage with digital assets on Horizen EON and across various blockchain networks.
Unique Features of the Stably Ecosystem
- Robust Infrastructure: Stably’s commitment to expanding stablecoin accessibility and streamlining the on/off-ramp process is a cornerstone of their operations.
- EVM–Compatible: The Ethereum Virtual Machine compatibility of Stably’s platforms ensures seamless integration of tools and resources from the Ethereum ecosystem.
- Scalable and Efficient: Stably focuses on providing a scalable, efficient system that remains responsive as adoption increases.
- User-Centric Approach: Stably prioritizes a nurturing, user-centric environment, offering substantial support for developers.
The partnership empowers users with seamless access to the broader Stably and Ascent Exchange ecosystems, facilitated by $ZUSD — a fully backed stablecoin developed by Stably in collaboration with Horizen Labs.
This ensures optimal trading conditions for Ascent Exchange’s soon-to-be-launched $AEX ERC-20 utility token, incentivizes deep liquidity on the platform, and leverages Stably’s innovative stablecoin infrastructure through $ZUSD.
Stably’s commitment to powering Web3 users with innovative stablecoin and fiat ramp infrastructure aligns with Ascent Exchange’s objectives of a community centric approach powered by scalability, security, and ultra-deep liquidity.
Stably’s ZUSD
ZUSD, launched by Stably in collaboration with Horizen Labs, is a fully-backed stablecoin pivotal to this partnership. The collateral backing ZUSD is held in cash, cash equivalents, and Circle’s USD Coin (USDC). ZUSD, as well as the other stablecoins issued by Stably, undergo periodic reviews by an independent accounting firm to validate that each stablecoin in circulation is backed 1-to-1 with collateral.
As a result,ZUSD is positioned as a trustworthy and stable digital asset within the Ascent Exchange ecosystem
Enhancing Blockchain Development and Accessibility
Horizen EON’s advanced smart contracting platform underpins this partnership. Its ability to facilitate the efficient development and deployment of decentralized applications while leveraging the Ethereum ecosystem makes it an ideal match for the advanced solutions offered by Stably. This synergy is vital for the progress of blockchain technology and the expansion of the Web3 economy, which Ascent Exchange and Stably are committed to driving forward.
Closing Thoughts
Ascent Exchange’s strategic partnership leverages Stably’s unique stablecoin infrastructure and the advanced capabilities of the Horizen EON network to enhance the Ascent Exchange ecosystem, promising a wider range of advanced trading features and increased adoption of ZUSD while fostering and enhancing liquidity growth and scalability for emerging projects on Horizen EON.
What is Stably?
Stably, a venture-backed FinTech company headquartered in Washington, has established itself as a leader in the stablecoin landscape. Their mission is to empower emerging blockchain ecosystems and Web3 users with cutting-edge stablecoin and fiat ramp infrastructure. This ethos has led them to become a key provider of regulatory-compliant Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp solutions. Their services enable users from over 170 countries to efficiently engage with digital assets across various blockchain networks. To learn more, visit stably.io
What is Horizen EON?
EON stands as a beacon of innovation within the blockchain space. It is a fully EVM-compatible sidechain and smart contract platform, engineered for massive scalability. EON facilitates swift access to Horizen’s burgeoning ecosystem, with features like the Cross-Chain Transfer Protocol (CCTP) and zkSNARKs enabled permissionless cross-chain communications. Horizen itself, the powerhouse behind EON, guarantees a secure, reliable, and robust environment with a vast node network for decentralization, zero downtime, and enhanced security measures against 51% attacks. To find out more about Horizen ecosystem, please visit eon.horizen.io/
About Ascent Exchange
Ascent Exchange is the Next-Gen Liquidity Layer on Horizen EON. At our core, we are driven by a community-centric approach, an unyielding commitment to decentralization, scalability, security, and innovation-driven functionality. These foundational principles underscore our journey towards excellence in decentralized finance.
Quick Links:
Link3: https://link3.to/ascen t
Website: https://ascent.exchange/
Telegram: https://t.me/ascentexchange
Discord: https://discord.gg/ascentdex
Documentation: https://docs.ascent.exchange/
