Flashnet to Introduce Bitcoin-Backed Stablecoin USDB

The decentralized exchange Flashnet has 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 on the L2 network Spark and backed by US Treasury bills. The issuer will be Brale, a company licensed in the United States.

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

Previously, developers and market participants used blockchains like Ethereum and Solana for stablecoin operations, leading to a liquidity drain from the Bitcoin ecosystem. USDB aims to address this issue.

Flashnet CEO 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 dollars without moving assets out of the first cryptocurrency network. Developers will gain a reliable financial tool for creating applications.

Integration with Magic Eden

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

There will also be BTC-USDB liquidity pools, allowing for direct exchange of digital gold for dollars within the network and providing yield opportunities.

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

Earlier, the BTCFi project Elastos released the BTCD stablecoin, backed by the first cryptocurrency.