Kory Hoang has emerged as a formidable figure in the cryptocurrency landscape. Born in Vietnam and immigrating to the U.S. at age 12, he carried with him a resilient spirit and a deep-rooted interest in finance. Today, as the Stably CEO, Hoang is transforming how individuals and institutions bridge fiat and crypto via a next-generation stablecoin service.
1. From Finance to Crypto Visionary
Hoang graduated from the University of Washington Bothell with degrees in Finance and Marketing. He then worked at PitchBook as a private equity data analyst, where he sharpened his quantitative skills. Coupled with his deep dive into algorithmic trading particularly around VIX derivatives this background paved his path to co-founding Stably.
2. Co-founding Stably & Introducing USDS
In late 2017, after architecting trading algorithms and seeing the limitations of options like USDT, Hoang teamed up with CTO David Zhang to launch Stably in early 2018. As Stably CEO, Hoang led fundraising efforts (including backing from 500 Startups and BEENEXT) and championed the launch of USDS—the fiat-backed stablecoin designed to enhance transparency and compliance.
3. The Vision: Compliant, Regulated Global Bridges
Under Hoang’s leadership, Stably isn’t aiming to outpace giants like USDC or USDT on Ethereum. Instead, their focus is on serving niche ecosystems, smaller blockchains, and emerging markets by providing fiat on/off-ramp infrastructure where others don’t go. The company has successfully processed over $100 million in transactions and raised $7 million to support this mission.
4. Building a Powerful Stablecoin Service
Stably’s stablecoin service extends beyond issuing tokens. Their flagship product, Stably Ramp, supports over 130 digital assets across 15+ networks in more than 170 countries, enabling seamless fiat-to-crypto conversions with compliance baked in. This turnkey stablecoin service allows businesses from DeFi to traditional finance to embed reliable digital payment rails with regulatory safeguards.
5. Global Team and Strong Vietnam Ties
Hoang has split operations between Seattle and Ho Chi Minh City, launching a development hub in Vietnam in early 2020. This move doubled their engineering output while reducing costs and tapping into global talent, a testament to his strategic and people-focused leadership style.
A Vision that Goes Beyond USD
Hoang is vocal about the need for stablecoins beyond the US dollar, advocating for multi-currency, cross-border stablecoin ecosystems. He envisions branded stablecoins perhaps issued by giants like Amazon or Apple once regulatory clarity allows. These would exist alongside CBDCs, not replace them, enhancing global financial interoperability.
Regulatory Compliance as Core
A major differentiator under Stably CEO Hoang’s guidance is compliance. Unlike algorithmic or decentralized models that can collapse, Stably maintains fully fiat-backed reserves and follows strict KYC/AML procedures. This positions the company as a trusted stablecoin service provider to both crypto-native and traditional institutions.
Community Focus and Long-Term Outlook
Hoang frequently engages with crypto communities, from Fintech Newscast to Coin98, explaining complex topics like CBDCs, branded stablecoins, and on‑chain token mechanics. He remains grounded, reminding newcomers to dollar-cost-average when buying Bitcoin, for example, and skeptical of FOMO-driven speculation.
Looking Ahead: Scaling Trust and Access
With momentum behind USDS, Stably is extending collaborations (like the Coin98 CUSD proposal on MetaChain) and exploring enterprise-tailored solutions like branded stablecoins and regulatory frameworks like the GENIUS Act. As founder and Stably CEO, Hoang continues to shepherd these initiatives, driving toward a more inclusive digital money ecosystem.
Kory Hoang’s journey from immigrant roots to Stably CEO and champion of a comprehensive stablecoin service reflects both gutsy entrepreneurship and financial acumen. His unwavering focus on compliance, underserved chains, and global scalability positions Stably as more than a stablecoin issuer; it’s a gateway to the future of regulated digital finance.
Through authenticity, clarity, and leadership, Hoang is writing the next chapter of web3 economics, one powerful stablecoin at a time.
