USDB (USDB)

USDB is the native stablecoin of the Blast Network, an Ethereum Layer 2 scaling solution. It is designed to provide stability and yield by automatically adjusting its supply to maintain its peg to the US dollar while generating returns for its holders.

Overview

USDB is a self-rebasing, yielding stablecoin native to the Blast Network. Its supply automatically adjusts to maintain its value and generate yield.

Key features

Auto-rebasing mechanism: USDB’s supply automatically adjusts to keep its value pegged to the US dollar. This mechanism operates for both individual accounts and smart contracts.

Contract Addresses
Ticker	USDB
Category	Stablecoins
Website	https://blast.io/en
Twitter	@Blast_L2
blast	0x43...03Copied!

Yield generation: USDB earns yield from MakerDAO’s on-chain T-Bill protocol. This yield is accrued automatically, providing passive income to holders.

Integration with Blast Network: As part of the Blast Network, an EVM-compatible USDB aims to benefit from faster and cheaper transactions while maintaining Ethereum-level security.

How USDB works

Bridging and redemption

USDB is acquired by bridging stablecoins like DAI, USDC, or USDT from the Ethereum mainnet to the Blast Network, converting them into USDB. USDB can be redeemed back to DAI when needed.

Non-rebasing option

For applications requiring stability without dynamic adjustments, USDB offers a non-rebasing version, nrUSDB. This token wraps USDB at its current value and can be unwrapped later.

USDB combines the stability of a dollar peg with yield generation through DeFi protocols. Its integration with the Blast Network enhances scalability and reduces transaction costs, making it an asset in the DeFi landscape.