Should You Trade with StablecoinsUS?
StablecoinsUS gets its name from Stablecoins–which are cryptocurrencies that are levered to a commodity or currency so that it at least has underlying value. This financial service takes the name StablecoinsUS to be associated with stablecoins and give the illusion of stability. The recent selloff in digital currencies, however, shows that even stablecoins may not necessarily be stable and are quite volatile assets.
We Have Found Some Problems with StablecoinsUS
StablecoinsUS likes to give visitors to its website the impression of stability, but in fact it provides no protection to customers because it has no license. For instance, it says it offers secure trading, but this has to do with cybersecurity and not licensing. It also says it has licensed software, but this isn’t the same as having a license to run a financial service. StablecoinsUS has no license, despite what it’s trying to claim. We recommend that you avoid this broker and instead look for a regulated broker.
Red Flags Concerning StablecoinsUS
- False claims
- No transparency
- Negative reviews
What Should You Do If You Have an Account with StablecoinsUS?
We do not recommend opening an account with StablecoinsUS. If you do hold an account with this broker, close it right away and ask for a withdrawal of your funds. If the broker will not allow you to retrieve your funds, talk to ChargeBax professionals right away. We will investigate the matter, track down the broker and your funds, and will help you prepare your claim.