Flashnet and Brale launch Bitcoin (BTC)-based dollar stablecoin 'USDB'

JH Kim

Summary

Flashnet and Brale have jointly launched the Bitcoin (BTC)-based dollar stablecoin 'USDB'.
USDB is issued on the Bitcoin Layer 2 network 'Spark' and is backed by assets such as U.S. Treasuries.
Flashnet explained that USDB can provide direct dollar liquidity to the Bitcoin network without separate wrapped assets, synthetic structures, or bridges.

According to Decrypt, a virtual asset (cryptocurrency) specialized media outlet, on the 24th (local time), the decentralized exchange Flashnet and stablecoin developer Brale have jointly launched the Bitcoin (BTC)-based dollar-pegged stablecoin 'USDB'.

USDB is issued on Spark, the Bitcoin Layer 2 network, and is backed by assets such as U.S. Treasuries. Flashnet explained, "USDB is designed to provide direct dollar liquidity to the Bitcoin network without the need for wrapped assets, synthetic structures, or bridges."

BTC

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.

Flashnet and Brale launch Bitcoin (BTC)-based dollar stablecoin 'USDB'

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