Bitena Introduce
  • 📖Bitena Introduce
    • Bitcoin's ecosystem urgently needs a native stablecoin.
  • The Bitena Solution
  • USDb Overview
    • Peg Stability Mechanism
    • Historical Earnings
    • Impact on the Market
  • Bitena Risks and Governance
    • Capital Risk
    • Custodial Risk
  • Bitena Use Case Scenario - BTCLayer2 BEVM
  • Roadmap
  • Bitena Resources
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The Bitena Solution

PreviousBitcoin's ecosystem urgently needs a native stablecoin.NextUSDb Overview

Last updated 10 months ago

The USDb solution relies on Bitena's incremental investment in spot assets of the supporting tokens during the hedged minting period. This provides USDb with the following advantages:

  1. Scalability of USDb: Scalability is achieved through the use of derivatives to enhance capital efficiency, allowing for expansion at scale. The use of BTC as collateral, with a perfect hedge against an equivalent nominal short position, enables a 1:1 collateral ratio for the synthetic dollar.

  2. Stability of USDb: Stability is ensured by the immediate hedging of transferred assets, maintaining the stability of its synthetic dollar value regardless of market conditions.

  3. Censorship-resistance of USDb: This characteristic stems from separating the supporting assets from the banking system and providing a transparent, all-hours auditable, trustless programmatic custodial solution on-chain, keeping assets outside of centralized liquidity.