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USDB Blast

USDBUSD-peggedCrypto

Daily peg and supply history is drawn as an interactive chart (needs JavaScript).

About USDB Blast

Bridge a dollar stablecoin onto Blast and it comes out the other side as USDB, a token engineered to grow in your wallet on its own. Blast, an Ethereum layer-2 network launched in 2024, routes the stablecoins deposited into its bridge toward yield sources, historically short-dated US Treasury bills and the MakerDAO savings rate, then rebases that income back into holder balances so the count of USDB rises with no staking step. No company issues it in the usual sense; USDB is a bridged, collateral-backed dollar whose real claim is on the DAI locked behind it, and it converts back to DAI when a user bridges out to Ethereum. That makes redemption a protocol mechanic rather than a customer-service desk. It exists only on Blast, where it serves as the network's default interest-bearing cash for trading and DeFi.

Peg
US dollar
Backing
DAI and US Treasury yield
Redemption
Redeemable for DAI on exit

Reserves & rights

Peg
USD
Mechanism
Crypto
Networks
1
Issuer
Blast (Blast L2; USDB is an auto-rebasing bridged dollar backed by MakerDAO DAI/T-bills, redeemable for DAI on bridging back, no separate legal issuer)
Holder gets
Backed by on-chain collateral; redeemable for that collateral, not fiat.
Regulatory framework
none
Yield
native

Networks & contracts

Contract by network
NetworkContract
Blast0x4300…0003