Flashnet and Brale will collaborate with Magic Eden to launch a native stablecoin USDB supported by the US dollar on the Bitcoin network

According to Decrypt, Flashnet and Brale will launch a native stablecoin USDB supported by the US dollar on the Bitcoin network this summer. The stable currency will be issued on the Bitcoin two-layer network Spark, and will be fully supported by US treasury bond bonds. The NFT market Magic Eden will also participate in the issuance and circulation of USDB, promoting its application in the Bitcoin ecosystem. The launch of USDB will bring native USD liquidity to Bitcoin, without relying on cross chain bridges or synthetic assets, providing traders, institutions, and developers with a more secure and transparent financial tool.