Bitcoin Gets Native, Dollar-Backed Stablecoin in USDB
USDB is a new stablecoin backed by U.S. dollars, launching on Bitcoin's layer-2 network Spark, created by Flashnet and issued by a U.S.-licensed entity. It is fully backed by Treasury bills and aims to provide dollar liquidity directly on Bitcoin's base layer, eliminating the need for wrapped assets or synthetic structures. USDB allows for native BTC-stable pairs, enabling direct trading of Bitcoin against a stable unit without off-chain settlements. Institutions can manage dollar-denominated on-chain treasuries, simplifying risk management while maintaining Bitcoin's security. The stablecoin will launch via Magic Eden, integrating with its NFT and DeFi marketplace, and will feature BTC-USDB liquidity pools for direct swaps. USDB aims to establish a native financial system on Bitcoin, enhancing its ecosystem with reliable dollar-denominated financial tools.
