The Stablecoin issuer is steadily creating dollar-backed tokens for Bitcoin ordinals

The company’s first bitcoin-linked stablecoin will need to do better than its other stablecoin products if it wants to succeed in the long term. Stable’s stablecoin in the ethereum ecosystem, called StableUSD (USDS), has only 752 holders and a market cap of $264,000, for etherscan – essentially irrelevant compared to market leaders Tether and USDC.