Stable Coin PriceSBC

What is Stable Coin (SBC)?

This article covers the token SBC issued by Brale (CoinMarketCap UCID 26456); "Stable Coin" here is a project name, not a generic reference to stablecoins as an asset class.

Stable Coin (SBC) is a fully backed digital dollar stablecoin issued by Brale, a registered Money Services Business (MSB) and licensed money transmitter in the United States. SBC launched in alpha on March 8, 2023; CoinMarketCap lists the registry launch date as 2023-05-31. SBC is a payments-focused stablecoin developed in partnership with Stable Coin Inc. It is redeemable 1:1 for U.S. dollars and is backed by cash, cash equivalents, and U.S. treasuries held with regulated financial institutions. SBC operates on the Ethereum platform and is multi-chain compatible, deployed across Ethereum, Avalanche, Polygon, Celo, Base, Optimism, and Stellar. The project emphasises redeemability, regulatory compliance, and transparency, aiming to blend best practices from centralised systems with decentralised protocols. With a total supply of approximately 6.54 million SBC, the token is available for issuance and redemption at Brale and for trading on Uniswap.

Key Specifications & Tokenomics

• Name: Stable Coin
• Ticker / Symbol: SBC
• CoinMarketCap ID (UCID): 26456
• Yahoo Finance Ticker: SBC26456-USD
• Launch Date: 2023-05-31
• Alpha Launch Date: 3/08/2023
• Blockchain / Platform: Ethereum, Avalanche, Polygon, Celo, Base, Optimism, Stellar
• Category: Fiat-backed stablecoin, Asset-Backed Stablecoin
• Total Supply: 6,544,066 SBC
• Self-reported Circulating Supply: 6.54M SBC
• Max Supply: No fixed cap. Supply expands and contracts as SBC is minted against and redeemed for fiat reserves at Brale.
• Contract Address (Ethereum & Avalanche C-Chain): 0xf9FB20B8E097904f0aB7d12e9DbeE88f2dcd0F16
• Contract Address (Polygon): 0xfdcC3dd6671eaB0709A4C0f3F53De9a333d80798
• Official Website: https://brale.xyz/
• Whitepaper: https://ipfs.io/ipfs/QmRasD2fd8xt7gQphCHb4tLw2kwkCu1oekgfJzNp7QuPeA
• Twitter / X: https://twitter.com/brale_xyz
• Block Explorer: https://etherscan.io/token/0xf9FB20B8E097904f0aB7d12e9DbeE88f2dcd0F16

Who created Stable Coin (SBC)?

SBC is issued by Stable Coin through Brale Inc., a registered MSB and licensed money transmitter in the U.S., in partnership with Stable Coin Inc. Ben Milne is Founder and CEO of Brale; the team previously helped invent Banking-as-a-Service at Dwolla. Brale's team has developed regulated financial products for over a decade. Notably, while at Dwolla, the team helped invent Banking-as-a-Service (BaaS), facilitating tens of billions per year in transaction volume for more than 10 million end users. Jeff Milewski introduced SBC's approach on the Stableminded podcast.

How does Stable Coin (SBC) work?

SBC functions as a fiat-backed stablecoin, maintaining a 1:1 peg to the U.S. dollar through reserves held in cash, cash equivalents, and U.S. treasuries at regulated financial institutions. The issuance and redemption of SBC are available directly at Brale, ensuring that each token in circulation is fully backed by corresponding fiat reserves. The stablecoin is deployed across multiple blockchains, including Ethereum, Avalanche, Polygon, Celo, Base, Optimism, and Stellar, allowing for broad interoperability and accessibility. Brale is currently the sole issuer of SBC; the technology is designed to support multiple issuers in future. Trading is available on Uniswap, and the token may also be swapped via Onchain, Crypto.com's official decentralised product. This architecture ensures liquidity for redemptions while maintaining regulatory compliance and transparency.

A unit of value can only be represented once on any chain: when SBC moves across chains, it is removed from circulation on the source chain and transitioned to the destination chain, so circulating supply always matches the treasury backing.

What makes Stable Coin (SBC) unique and valuable?

SBC distinguishes itself through its strong emphasis on regulatory compliance and transparency. Issued by a registered MSB and licensed money transmitter, it operates within a clear legal framework that prioritises consumer protection and redeemability. The stablecoin is fully backed by cash, cash equivalents, and U.S. treasuries held with regulated financial institutions, providing a high degree of confidence in its 1:1 redemption guarantee. Its multi-chain deployment across seven major blockchains enhances its utility and accessibility for payments and cross-border transactions. SBC is designed to trade at approximately $1.00, but like all stablecoins it can deviate from its peg; holders remain exposed to issuer, reserve-custody and regulatory risk. The project's mission to blend centralised best practices with decentralised protocols further adds to its unique value proposition.

The treasury is structured for redemption rather than yield, and holdings are reviewed against issued stablecoins daily. SBC supply, chain information and attestations are viewable at brale.xyz/stablecoins/sbc; Brale has sought market input on how Proof of Reserves should be reported.

What is Stable Coin (SBC) used for?

SBC is primarily designed for payments-focused use cases, including cross-border payments and buying or selling cryptoassets. As a stablecoin pegged to the U.S. dollar, it provides a stable medium of exchange within the volatile cryptocurrency market. Users can utilise SBC for everyday transactions, remittances, and as a means of holding capital during periods of market turbulence. The token is available for issuance and redemption at Brale, ensuring easy conversion to and from U.S. dollars. It can be traded on Uniswap and may be available for swapping via Onchain. Its multi-chain compatibility allows users to transact across Ethereum, Avalanche, Polygon, Celo, Base, Optimism, and Stellar networks, making it a flexible tool for both individual and institutional participants in the digital economy.

How Is the Stable Coin (SBC) ecosystem developing?

The SBC ecosystem is centred around its issuance and redemption infrastructure at Brale, with trading activity on Uniswap and potential swapping via Onchain. The stablecoin's deployment across seven blockchains—Ethereum, Avalanche, Polygon, Celo, Base, Optimism, and Stellar—demonstrates a commitment to broad accessibility and interoperability. The project supports multiple issuers, which may encourage wider adoption and integration within the broader stablecoin market. SBC's market capitalisation and holder count change with the market and can be checked on market data pages. The ecosystem continues to evolve.

How to mine Stable Coin (SBC)?

SBC has no mining or staking. It is a fiat-backed token minted and burned directly with Stable Coin through Brale Inc.: institutions deposit USD, Brale holds it in a segregated reserve account in cash, cash equivalents and treasury securities, and mints an equal amount of SBC; redemption burns SBC and returns USD.

How to keep your Stable Coin (SBC) Coin safe?

To keep your SBC tokens safe, it is essential to use secure and reputable wallets that support the blockchains on which SBC is deployed, such as Ethereum, Avalanche, Polygon, Celo, Base, Optimism, and Stellar. Hardware wallets offer enhanced security by storing private keys offline, protecting against online threats. Always verify the official contract address when interacting with SBC to avoid phishing scams or counterfeit tokens. Since SBC is available on Uniswap and may be swapped via Onchain, ensure you are using the official platforms and double-check transaction details. Enable two-factor authentication on any exchange accounts and consider using a dedicated wallet for stablecoin holdings. Regularly update your wallet software and remain vigilant against unsolicited offers or suspicious links. As SBC is redeemable 1:1 for U.S. dollars through Brale, keeping records of your transactions and understanding the redemption process can also help safeguard your assets.