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Flashnet and Brale to Launch Bitcoin Native Dollar Stablecoin USDB in Collaboration with Magic Eden this Summer
Summary: Flashnet and Brale are set to launch a US dollar-backed native stablecoin USDB on the Bitcoin network this summer. The stablecoin will be issued on the Bitcoin layer 2 network Spark and fully backed by US Treasury bonds. NFT marketplace Magic Eden will also be involved in the issuance and circulation of USDB, promoting its ...
Flashnet and Brale are set to launch a US dollar-backed native stablecoin USDB on the Bitcoin network this summer. The stablecoin will be issued on the Bitcoin layer 2 network Spark and fully backed by US Treasury bonds. NFT marketplace Magic Eden will also be involved in the issuance and circulation of USDB, promoting its use within the Bitcoin ecosystem. The introduction of USDB will bring native dollar liquidity to Bitcoin without the need for cross-chain bridges or synthetic assets, providing traders, institutions, and developers with a more secure, transparent financial tool. (Decrypt)
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Link: Flashnet and Brale to Launch Bitcoin Native Dollar Stablecoin USDB in Collaboration with Magic Eden this Summer [Copy]
