Stable.com, a fintech company founded by former Consensys employee Jack Jia, is making waves in the cryptocurrency space with the launch of its new 1:1 stablecoin, USD3. This innovative stablecoin will be available on Ethereum, Polygon, Avalanche, and Linea platforms, providing developers and businesses with a seamless and interoperable transaction method that simplifies DApp integration.

In an exclusive interview, co-CEO Jack Jia revealed that Stable.com is a regulated financial institution in the United States, with a comprehensive compliance plan developed by industry veterans. This regulatory compliance is a crucial aspect of the company's mission to provide a secure and reliable stablecoin solution.

USD3 is designed to be always backed 1:1 by the US dollar or equivalent cash, ensuring stability and transparency. To maintain this commitment, the stablecoin will undergo regular internal and external audits, further strengthening the trust and confidence of users and investors.

Jia acknowledged that while the global regulatory environment for stablecoins and cryptocurrencies has gradually improved, there is still a need for clearer and more comprehensive regulations. He emphasized that a strong and clear regulatory framework is essential for the long-term success and widespread adoption of stablecoins like USD3.

Stable.com's launch of USD3 comes at a time when the demand for reliable and interoperable stablecoins is on the rise. By offering a 1:1 USD-backed stablecoin with cross-chain compatibility, the company is positioning itself as a leader in the stablecoin market, catering to the needs of developers, businesses, and users alike.

As the cryptocurrency industry continues to evolve and mature, the importance of regulated and compliant stablecoin solutions cannot be overstated. Stable.com's commitment to transparency, security, and regulatory compliance sets it apart from other players in the market, making USD3 a promising addition to the growing stablecoin ecosystem.