$nSTBL - a Safer Way to Hold your Money On-Chain
Diversifies Your Portfolio
Keeps Your Funds Safe
Moreover, $nSTBL is fully backed by stablecoins and T-Bills and provides proof-of-reserves on chain.
$nSTBL combines the advantages of a traditional ETF issued by the regulated and compliant entity with the benefits of smart contracts on the blockchain providing maximum transparency and regulatory clarity.
with the regulator
a minimum fee on the nealthy platform.
With $nSTBL, you can make your stablecoin portfolio liquid and trade, on-ramp and off-ramp at any time.
The weight of each token in the portfolio is algorithmically determined by the token’s market share and gets adjusted to the current market state in a decentralized manner - traders are incentivised to bring the underlying portfolio to equilibrium.
No. The content on this page describes the $nSTBL’s design and features, which will become available after all required licenses have been acquired from the regulator and the appropriate security audits have been conducted.
Compared to algo stablecoins, $nSTBL’s issuer - nealthy (nealthy FZCO), is set to be a regulated* entity ensuring strict compliance.
In contrast to centralized stablecoins backed by fiat (USDC, USDT), all operations with $nSTBL- minting, burning, swapping, or rebalancing, take place on-chain providing the highest transparency.
Unlike other stablecoins on the market, $nSTBL tracks the index of an underlying portfolio containing 3 different stablecoins. This enables a one-click diversification into a basket of dollar-pegged assets and helps hedge against depegging of one distinct stablecoin.
In addition, staked $nSTBL is used to generate yield through reinvestment.
Last but not least, $nSTBL creates a new derivatives market by combining two primitives - an ETF-similar design and the utility of stablecoins. By providing greater sustainability and risk protection to users, $nSTBL can bring more retail and institutional players from TradFi markets in crypto and contribute to the entire adoption.
*license application under process with the regulator. The nealthy FZCO will ensure strict compliance with the regulation rules in terms of conflict of interest.
nealthy is headquartered in the UAE and is planned to be regulated by local entities. It accepts clients from around the world, with the notable exception of the following countries:
Afghanistan ,Central African Republic, Congo, the Democratic Republic, Cuba, Haiti, Iran, Islamic Republic of, Iraq, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Sudan, Syria, Ukraine, USA (and its territories), Venezuela, Yemen, Zimbabwe