The decentralized exchange Flashnet has announced the launch of $USDB — the first regulated stablecoin native to the Bitcoin network, which will be pegged to the US dollar. The stablecoin, backed by treasury bills, will be issued on the second layer of Bitcoin, Spark, by Brale, a licensed financial institution in the USA. The launch is scheduled for summer 2025 in partnership with Magic Eden, the largest NFT and DeFi hub for Bitcoin.
USDB is designed to address the liquidity problem in the Bitcoin ecosystem, where stablecoins from other blockchains, such as Ethereum, have dominated. With integration with Magic Eden, users will be able to exchange $BTC for USDB without external bridges, and BTC-USDB liquidity pools will open up new profit opportunities. Flashnet notes that USDB will serve as a foundation for native financial instruments in the Bitcoin network.
This move aligns with the Federal Reserve's support for regulating stablecoins, which could strengthen trust in USDB. Analysts predict the stablecoin market will grow to $2 trillion by 2028, and USDB has a chance to carve out a niche in the Bitcoin ecosystem.
Subscribe to #MiningUpdates to learn about the latest in the crypto market!
#bitcoin #usdb #stablecoin #Flashnet #Brale #MagicEden #CryptoNews #Blockchain #DeFi
