Bitcoin-Native Stablecoin USDB Set To Launch With Dollar Backing

     

Flashnet And Brale To Roll Out Fully Backed USDB On Bitcoin In Partnership With Magic Eden

Flashnet and Brale have announced plans to release USDB, a fully dollar-backed stablecoin launching directly on Bitcoin. Set to go live this summer, USDB is being developed with support from NFT marketplace Magic Eden and aims to introduce a native, fiat-pegged asset to the Bitcoin ecosystem.

While some Bitcoin-native stablecoins exist, they are typically backed by BTC itself. USDB stands apart as it will be backed entirely by U.S. Treasury bills and issued by Brale, a licensed financial institution in the United States, on Bitcoin’s Spark layer-2 network.

The stablecoin intends to eliminate the need for synthetic structures, bridges, or wrapped assets, enabling native dollar liquidity within Bitcoin’s base layer. Flashnet, the project’s creator, says USDB will provide tools that traders, institutions, and developers have long relied on other blockchains for, drawing liquidity back to the Bitcoin network.

“It’s the first fiat-backed stablecoin on Bitcoin,” said Ethan Marcus, founder and CEO of Flashnet. “Previous Bitcoin-based stablecoins were synthetic or wrapped, and lacked the transparency and assurance of fiat backing.”

How USDB Expands Bitcoin’s Financial Capabilities

USDB is designed to serve as a foundational financial layer for Bitcoin-native applications. According to Flashnet, the stablecoin will introduce key capabilities:

For traders, USDB enables direct BTC-to-stablecoin trading pairs for the first time, removing the need for off-chain settlement or bridge solutions. This simplifies the process of transacting against a stable unit of account within the Bitcoin network.

Institutional users will be able to hedge positions and manage on-chain treasuries in a dollar-denominated form without transferring funds outside of Bitcoin’s ecosystem, helping streamline financial operations while preserving Bitcoin’s security and transparency.

For developers, USDB represents a consistent, fiat-pegged primitive for applications and protocols. It provides a stable foundation for building payments, trading platforms, and smart contract logic while keeping operations fully native to Bitcoin.

Marcus emphasized the advantage of using USDB for pricing and trading: “No one prices anything in BTC. Now users can quote in USDB and save in Bitcoin.”

Launching USDB With Magic Eden Support

To drive adoption, Flashnet confirmed that USDB will launch with integration on Magic Eden, the leading NFT and DeFi platform on Bitcoin. The stablecoin will be incorporated across Magic Eden’s mobile app and decentralized application interface, offering fiat-to-BTC on-ramp services using USDB.

BTC-USDB liquidity pools will be introduced on Bitcoin layer-1, allowing users to swap directly between BTC and USD equivalents without leaving the network or relying on custodial solutions. These pools will also provide native Bitcoin yield opportunities for liquidity providers.

“Magic Eden has strong reach in Bitcoin DeFi and is an ideal launch partner,” said Marcus. “Their platform will help drive fast adoption of USDB.”

Chris Akhavan, Chief Business Officer at Magic Eden, commented: “USDB brings native DeFi tools to Bitcoin, and we’re excited to support the next evolution of the ecosystem.”

Flashnet views the launch of USDB as a key step in enabling a native financial infrastructure on Bitcoin — combining the reliability of dollars with the resilience of Bitcoin’s base layer.