Flashnet will launch the bitcoin stablecoin USDB

The decentralized exchange Flashnet announced the launch of USDB — a native stablecoin based on the first cryptocurrency pegged to the US dollar.

BREAKING: Flashnet to launch first fully regulated Bitcoin stablecoin USDB.

Issued by @brale_xyz, coming soon to @MEonBTC.

The dollar is home on Bitcoin. pic.twitter.com/rD0xMz3rv7

— Flashnet (@flashnet) June 24, 2025

The asset will be issued in the L2 network Spark. It will be backed by US Treasury bills. The issuer will be the licensed US company Brale.

Spark is a second-layer solution for the network of the first cryptocurrency, compatible with the Lightning Network.

Previously, developers and market participants used blockchains like Ethereum and Solana for stablecoin operations. This led to a liquidity drain from the Bitcoin ecosystem. USDB is designed to solve this problem.

CEO Flashnet Ethan Marcus told the publication that the "stablecoin" will not require the use of wrapped assets, synthetic structures, or cross-chain bridges.

According to him, traders will be able to create "native BTC-stablecoin pairs" for the first time. Institutional investors will have the opportunity to hedge risks and manage reserves in USD without withdrawing assets from the network of the first cryptocurrency. Developers will receive a reliable financial instrument for creating applications.

Integration with Magic Eden

The launch of USDB will take place this summer on the NFT marketplace Magic Eden. The stablecoin will be integrated into the mobile interface and dapps of the platform.

BTC-USDB liquidity pools will also appear. They will allow you to exchange digital gold for dollars directly on the network and provide an opportunity for profitability.

According to partners, USDB is the first step towards creating a native financial system on Bitcoin.

Recall that the BTCFi project Elastos issued the BTCD stablecoin, backed by the first cryptocurrency.