Coins

Bitcoin Is Getting Native, Dollar-Backed Stablecoin USDB

Bitcoin is heralded as the world’s hardest money, but the network lacks one of the most foundational financial tools: a native, dollar-denominated stablecoin. While other native Bitcoin stablecoins already exist, they are backed by Bitcoin, not dollars. That’s changing today with the announcement of USDB, a new stablecoin that aims to bring a regulated, U.S. dollar-backed asset directly to Bitcoin's base layer. Created by decentralized exchange Flashnet, USDB will be issued on Bitcoin layer-2 ne...