Benefits
- Rewards: Funds held in stablecoins will earn rewards on balances.
- Counterparty risk: When Bridge issues a stablecoin, we can ensure your funds are uniquely managed and protected. Funds are held with tier 1 custodians such as Blackrock and Fideliity.
- Hidden Fees: There are no hidden fees such as minting or burning fees.
- Fungible Dollar: You can convert to Bridge Stablecoins using fiat or other stablecoins and transfer out of Bridge Stablecoins to fiat or other stablecoins easily.
How it Works
- You send us fiat or crypto using Bridge APIs and we send you a Bridge Stablecoin.
- We manage the Bridge Stablecoin reserves in a segregated bank account and custody account for treasuries.
- We send you a share of the earnings every month.
Blockchain Support
Bridge Stablecoins are supported on a variety of chains (EVM and Solana) and we are adding additional chains based on demand.Requirements
- All direct purchasers of Bridge Stablecoins must be associated with a KYC’d Bridge customer.
- Bridge Stablecoins are currently not available to EEA residents (end users).
Distributing Rewards
At the end of each month, Bridge will distribute rewards directly to a wallet (defined by you). This is a distribution/marketing fee to you for bringing the purchaser of the stablecoins to Bridge. Rewards will be minted as new tokens and sent to a wallet of your choice, once a month.Custom Stablecoins v.s. USDB
Custom stablecoins via Open Issuance are designed for maximum customizability of your stablecoin while offering interoperabilty with other stablecoins on the Open Issuance network. This allows you to have maximum control while sharing in the growth of the collective network. USDB is our off the shelf stablecoin, designed for easy access to rewards on the Bridge platform. No configuration required, just a change in an API parameter.| USDB | Custom Stablecoin |
|---|---|
| Bridge managed reserves | Customized reserves strategy |
| Single smart contract | Separate smart contracts |
| Bridge handles liquidity management | Developer provides liquidity |
| Bridge token branding | Customized token branding |
| Off chain reserves | On and off chain reserves |
| Closed loop only | Open or closed loop |