{"id":"usdb-blast-network","title":"USDB (Blast Network)","content":"**USDB** is the native [stablecoin](https://iq.wiki/wiki/stablecoin) of the [Blast](https://iq.wiki/wiki/blast) Network, an [Ethereum](https://iq.wiki/wiki/ethereum) [Layer 2](https://iq.wiki/wiki/layer-2) scaling solution. USDB 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. [\\[1\\]](#cite-id-xen2e9znn6q) [\\[2\\]](#cite-id-tp4xyw7svc)\n\n## Overview\n\nUSDB is a self-rebasing, yielding stablecoin native to the [Blast](https://iq.wiki/wiki/blast) Network. The USDB supply automatically adjusts to maintain its value and generate yield. [\\[3\\]](#cite-id-tp4xyw7svc) [\\[4\\]](#cite-id-ai1amc4zhnf)\n\n#### Key Features\n\n* 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](https://iq.wiki/wiki/smart-contract).\n* Yield Generation: USDB earns yield from [MakerDAO’s](https://iq.wiki/wiki/makerdao) on-chain T-Bill protocol. This yield is accrued automatically, providing passive income to holders.\n* Integration with Blast Network: As part of the [Blast](https://iq.wiki/wiki/blast) Network, an [EVM](https://iq.wiki/wiki/ethereum-virtual-machine-evm)-compatible USDB aims to benefit from faster and cheaper transactions while maintaining [Ethereum](https://iq.wiki/wiki/ethereum)-level security. [\\[3\\]](#cite-id-ojgquoni6fo) [\\[4\\]](#cite-id-ai1amc4zhnf)\n\n## How USDB Works\n\n#### Bridging & Redemption\n\nUSDB is acquired by bridging [stablecoins](https://iq.wiki/wiki/stablecoin) like [DAI](https://iq.wiki/wiki/dai), [USDC](https://iq.wiki/wiki/usdc), or [USDT](https://iq.wiki/wiki/tether) from the [Ethereum](https://iq.wiki/wiki/ethereum) mainnet to the [Blast](https://iq.wiki/wiki/blast) Network, converting them into USDB. USDB can be redeemed back to DAI when needed.  [\\[5\\]](#cite-id-2ua0abh6c0x) [\\[6\\]](#cite-id-ov4m48vh2zi) [\\[7\\]](#cite-id-39m5k00j7gt)\n\n#### Non-Rebasing Option\n\nFor 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. [\\[8\\]](#cite-id-yare8vxm3i)\n\nUSDB combines the stability of a dollar peg with yield generation through [DeFi](https://iq.wiki/wiki/defi) protocols. Its integration with the [Blast](https://iq.wiki/wiki/blast) Network enhances scalability and reduces transaction costs, making it an asset in the DeFi landscape. [\\[9\\]](#cite-id-4oq20l4eb2p)[\\[10\\]](#cite-id-9c9hdv03bj7)","summary":"USDB is a self-rebasing, yielding stablecoin native to Ethereum Layer 2 Blast Network, maintaining its peg to the US dollar and generating passive income.","images":[{"id":"QmPp2tBE8wqDkwjMief3Xp4wuHwFKzJhjo7Mm5bQZbBLbu","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"tags":[{"id":"Ethereum"},{"id":"Stablecoins"}],"media":[{"id":"QmSnpoN1Y3HnaZvwxpP1Kmyf8YXaa68BwgTFXn6qpwXeBJ","size":"0.01","name":"65a6ce5d122c568df126d11c_Wordmark Yellow on Black Background.png","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmQC7NCY1LDPyJnHSdUQ4EEs9jNE8W7ZW5Rn4QvJ5KZXq7","size":"0.10","name":"Design sem nome (1).png","type":"GALLERY","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[{\"id\":\"xen2e9znn6q\",\"url\":\"https://news.bitcoin.com/blasts-rebasing-stablecoin-usdb-now-ranks-9th-among-dollar-pegged-crypto-tokens/\",\"description\":\"Blast’s Rebasing Stablecoin USDB Now Ranks 9th Among Dollar-Pegged Crypto Tokens\\n\",\"timestamp\":1721771272801},{\"id\":\"tp4xyw7svc\",\"url\":\"https://crypto.com/university/blast-blockchain-what-it-is-and-why-its-on-the-rise\",\"description\":\"Blast Blockchain: What It Is and Why It’s on the Rise\\n\",\"timestamp\":1721771308563},{\"id\":\"ojgquoni6fo\",\"url\":\"https://docs.blast.io/building/guides/weth-yield\",\"description\":\"Receive and claim WETH and USDB yield\\n\",\"timestamp\":1721771334530},{\"id\":\"ai1amc4zhnf\",\"url\":\"https://docs.blast.io/about-blast\",\"description\":\"About Blast\\n\",\"timestamp\":1721771366876},{\"id\":\"2ua0abh6c0x\",\"url\":\"https://br.cointelegraph.com/news/blast-token-airdrop-debuts-2-billion-valuation-price-rallies-40-percent\",\"description\":\"Blast token rallies 40% after $2B airdrop debut\\n\",\"timestamp\":1721771408152},{\"id\":\"ov4m48vh2zi\",\"url\":\"https://br.cointelegraph.com/news/blast-airdrop-june-26-distributing-17-percent-early-users\",\"description\":\"Blast airdrop to launch June 26, distributing 17% of supply to early users\\n\",\"timestamp\":1721771440748},{\"id\":\"39m5k00j7gt\",\"url\":\"https://www.binance.com/en/square/post/2024-03-11-blast-announces-increased-usdb-yield-rate-following-makerdao-update-5264742253353\",\"description\":\"Blast Announces Increased USDB Yield Rate Following MakerDAO Update\\n\",\"timestamp\":1721771477713},{\"id\":\"yare8vxm3i\",\"url\":\"https://www.binance.com/pt-BR/square/post/2024-06-26-blast-9976185241953\",\"description\":\"Blast: Currently the sixth largest economy on the network\",\"timestamp\":1721771540939},{\"id\":\"4oq20l4eb2p\",\"url\":\"https://cryptoairdrops2024.medium.com/exchange-blast-usdb-to-usdt-blast-airdrops-79728b79cd12\",\"description\":\"Exchange Blast USDB to USDT\\n\",\"timestamp\":1721771560726},{\"id\":\"9c9hdv03bj7\",\"url\":\"https://docs.blastfutures.com/get-started/usdb-native-yield\",\"description\":\"USDB Native Yield\\n\",\"timestamp\":1721771579583}]"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/usdb/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/usdb"},{"id":"website","value":"https://blast.io/"},{"id":"twitter_profile","value":"https://x.com/blast"},{"id":"discord_profile","value":"https://discord.gg/blast-l2"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmeijedQMkxa7i7Nr3UPTiGA5wG4uiJn8cwHbKFAjcK7oQ\""},{"id":"commit-message","value":"\"Refine USDB wiki content formatting, citation placement, and clean up metadata.\""},{"id":"previous_cid","value":"QmeijedQMkxa7i7Nr3UPTiGA5wG4uiJn8cwHbKFAjcK7oQ"}],"events":[{"id":"37UrEl3gea","date":"2023-03","title":"USDB Launch","type":"CREATED","description":"USDB Launch","link":"https://coinmarketcap.com/currencies/usdb/"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0xd5893989b9952c6568a99F854795AcC5Ae480D56"},"language":"en","version":1,"linkedWikis":{"blockchains":["blast"],"founders":["pacman"],"speakers":[]}}