Flashnet and Brale to Collaborate with Magic Eden to Launch USDB, a Native USD-Backed Stablecoin on the Bitcoin Network
2025/06/24 23:41
PANews reported on June 24 that according to Decrypt , Flashnet and Brale will launch USDB, a native stablecoin backed by the US dollar, on the Bitcoin network this summer. The stablecoin will be issued on Spark , the second-layer Bitcoin network, and fully backed by US Treasury bonds. NFT market Magic Eden will also participate in the issuance and circulation of USDB to promote its application in the Bitcoin ecosystem. The launch of USDB will bring native US dollar liquidity to Bitcoin without relying on cross-chain bridges or synthetic assets, providing traders, institutions and developers with more secure and transparent financial tools.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Circle applies for US trust bank charter to manage its USDC reserve
Other crypto firms are also reportedly considering applying for a national bank charter, following in the footsteps of Anchorage Digital Bank, which received a license in 2021.
Share
PANews2025/07/01 10:44
Why Investors Are Betting on SPY Token Before the Next Crypto Payment Boom
A lot of new crypto tokens come and go without making much impact. But every now and then, one shows signs of being different, and looking closely, SpacePay’s SPY could be the unique one this time. Right now, SpacePay is running a presale and has already raised over $1 million. Investors are starting to take.. The post Why Investors Are Betting on SPY Token Before the Next Crypto Payment Boom appeared first on 99Bitcoins .
Share
99Bitcoins2025/08/03 15:26
The launch window for Justin Sun's Blue Origin spacecraft will open at 8:34 tonight.
PANews reported on August 3rd that according to official information from Blue Origin, the launch window for the Blue Origin New Shepard spacecraft, carrying Justin Sun, will open at 8:34
Share
PANews2025/08/03 18:50