Bitcoin Gets Native, Dollar-Backed Stablecoin in USDB

Bitcoin has been announced as the most difficult money in the world, but the network is missing one of the most important financial tools: gender, stable tree. While others are original Bitcoin Stablecoins already exist, supported by bitcoin, not dollars.

This is changing today with the announcement of the USDB, a new stable blacksmith aimed at bringing a regulated property supported by US dollars directly to the Bitcoin Basic Code.

USDB is issued 1: 1 on Network Iskra on bitcoin layer-2 per PharynxThe financial entity that is licensed in the United States, and is fully supported by the treasury accounts. It is initiated in collaboration with NFT Marketplace Magic Eden, and is designed to bring liquidity in Bitcoin without the need for wrapped property, synthetic structures or bridges.

Although Bitcoin is worth trillion dollars, developers and users usually rely on other blockchains like Ethereum and Saltworks For stablecoin functionality. This has withdrawn liquidity from Bitcoin, forcing merchants and applications to work outside their ecosystem. USDB is designed to change that.

“It’s the first stable tree on bitcoin. Just like [USDC]or PendantOr any other big barn, “said Ethan Marcus, executive director and founder of Flashnet Decipher. “Other Stablecoini on Bitcoin to this day are a wrapped version of Fiat or synthetic assets with invisible risks.”

Which USDB allows

The USDB introduces a new set of financial blocks for the Bitcoin ecosystem, says Flashnet, bringing a well -known functionality from other chains into a completely original format.

For traders, USDB for the first time enables the creation of native BTC-stable pairs, eliminating the need for guard bridges or layers of settlements outside the chain. Allows Bitcoin to be shot directly on the stable unit of account.

The institutions will be able to protect exposure and manage the treasury on the chain of dollars without switching the property from the Bitcoin network. This simplifies risk management by retaining the safety and transparency of the Bitcoin basic layer.

For USDB developers and builders, it offers a reliable financially primitive primitive in dollars. It brings predictable infrastructure for payments, trading and logic of applications, allowing construction workers to engage in the Fiat rails, while remaining completely original for Bitcoin.

“It gives users clear prices. Nobody appreciates anything in BTC,” Marcus added. “Users can now quote and trade with their USDB and save in BTC.”

Magic Eden integration

In the move to ensure an immediate market service program, USDB will launch this summer via Magic Eden, the largest Bitcoin market NFT and Deam. Stablecoin will be integrated through the Mobile and DAPP Magic Eden interface, with Fiat-to-BTC on ramps launched by USDB.

BTC-USDB Pools of liquidity will also go live, providing users to replace between BTC and dollars directly on Bitcoin layer-1 without relying on external bridges. These pools will also create the original ability to Bitcoin for liquidity providers.

“Magic Eden has one of the best brands in Bitcoin Ins, as well as an incredible reach in the ecosystem,” Marcus said. “They are a partner without any number for the flywheel to spin quickly.”

“We are excited to bet on Bitcoin Defo,” said Chris Akhavan, Magic Eden’s CEO Magic Eden Decipher. “The USDB, which is originally built on Bitcoin, will allow primitives without friction and create endless capabilities on the mother of all chains.”

For Flashnet and his partners, USDB represents more than just another Stablecoin launch. It is the first step towards the construction of a truly original financial system on Bitcoin – one that combines an uncompromising monetary foundation of a network with daily dollar convenience.

Edited Andrew Hayward