USDB (USDB)

Global Financial Transactions

USDB is used for fast and low-cost international money transfers and payments, making it easier to send money across borders.

Medium of Exchange

It works as a stable digital currency for buying and selling goods or services without worrying about price changes.

Bridge Between Traditional and Decentralized Finance

USDB connects regular banking systems with decentralized finance (DeFi), allowing users to move money smoothly between these worlds.

Investment and Passive Income

USDB supports new financial products like TradFi bonds, offering stable and reliable investment options for long-term holders.

Wallet and Exchange Use

Users can store, trade, and convert USDB easily on various crypto wallets and decentralized exchanges (DEXs), benefiting from deep liquidity and good conversion rates.

Pros of USDB

• Bitcoin-backed stablecoin: USDB is backed by Bitcoin, which helps provide a decentralized and reliable alternative to traditional stablecoins.
• Maintains peg to USD: It uses a unique method involving Bitcoin shorting to keep its value close to the U.S. dollar.
• Decentralized: Operates without relying on banks or central authorities, increasing transparency and control for users.
• Lower energy use: Uses a consensus method that consumes less energy compared to Proof of Work systems.
• Privacy features: Partners with privacy-focused tech to offer privacy-protecting versions of USDB.
• Passive income opportunities: Users can earn passive income by supporting the USDB ecosystem.
• Wide exchange support: Available on multiple decentralized exchanges with good liquidity and trading volume.

Cons of USDB

• Market volatility exposure: Being Bitcoin-backed means it can be influenced by Bitcoin’s price swings.
• Complex mechanism: The method to maintain the peg (shorting Bitcoin) may be harder for beginners to understand.
• Less mainstream: Compared to some other stablecoins, USDB is less widely known and used.
• Price fluctuations: While stable, it can show small price changes compared to fiat-backed stablecoins.
• Dependent on crypto ecosystem: Its value and usability depend on the health and adoption of the broader crypto market.

For more details, visit official project pages or trusted crypto data sites like CoinMarketCap or CoinGecko.

Founders of USDB

• USDB is issued by Stabolut, a startup founded by serial entrepreneurs with broad experience in tech and crypto.
• Eneko Knorr is the co-founder and CEO of Stabolut, the company behind USDB.
• The project also has connections with the co-founders of Dextools.io, who provided funding.
• Additionally, Umoja and Merlin Chain are partners involved in launching USDb, with Robby Greenfield as the founder of Umoja, contributing to the ecosystem around USDb.

These founders and teams work together to develop and promote USDB as a Bitcoin-backed, decentralized stablecoin.

Investors in USDB

USDB attracts a variety of investors including:

• Individual Crypto Investors: People who want a stablecoin backed by Bitcoin for trading, storing value, or participating in decentralized finance (DeFi).
• DeFi Users: Investors looking for high-yield opportunities, such as staking USDB in liquidity pools on platforms like Fantom Network.
• Long-term Holders: Those interested in passive income through stable and reliable investment products linked to USDB.
• Institutional Investors: Larger investors who seek stable, decentralized assets with innovative financial features.

These investors benefit from USDB’s design as a Bitcoin-backed stablecoin that supports cross-chain transactions and offers access to DeFi tools and yield farming.

Halal Status of USDB

• Yes, USDB can be considered halal if it meets Islamic finance principles such as avoiding interest (riba), excessive uncertainty (gharar), and gambling (maysir).
• Stablecoins like USDB, which are pegged 1:1 to a fiat currency (like the US dollar), tend to have a clearer structure and less volatility, making them more likely to be accepted as halal by some scholars.
• However, the halal status depends on the specific project details and how the token is used, so individual assessment or consultation with a qualified Islamic scholar is recommended.