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Open Issuance allows you to create your own stablecoin (“Custom Stablecoin”). Bridge also offers an off the shelf stablecoin (“USDB”). This allows you to earn rewards by simply switching to Bridge Stablecoins using Bridge APIs. Custom Stablecoins and USDB are issued and managed by Bridge. They are always backed 1:1 by the equivalent value of US dollars. Bridge issued stablecoins can be exchanged to and from most stablecoins or fiat using Bridge Orchestration APIs (transfers, liquidation addresses and virtual accounts). To learn more see detailed sections:

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

  1. You send us fiat or crypto using Bridge APIs and we send you a Bridge Stablecoin.
  2. We manage the Bridge Stablecoin reserves in a segregated bank account and custody account for treasuries.
  3. We send you a share of the earnings every month.
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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 EU 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.
USDBCustom Stablecoin
Bridge managed reservesCustomized reserves strategy
Single smart contractSeparate smart contracts
Bridge handles liquidity managementDeveloper provides liquidity
Bridge token brandingCustomized token branding
Off chain reservesOn and off chain reserves
Closed loop onlyOpen or closed loop
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