How is USDB backed?
How is USDB backed?
Brale reports that USDB is fully backed
by US Treasury bills, cash, and cash equivalents. Brale manages the reserves
that back the token.
Who is Brale?
Who is Brale?
Brale is a regulated US-based stablecoin issuer. It issues USDB and handles
reserve management and direct redemption. You can check its current licenses
through NMLS Consumer Access.
How are reserves verified?
How are reserves verified?
Review Brale’s reserve disclosures and the scope and date of any independent
attestation. An attestation reports on reserves at a particular point in time;
it is different from a full financial audit. Contact
Brale for the current reports that cover USDB.
How are BTC rewards funded?
How are BTC rewards funded?
Flashnet funds rewards from protocol fees and other revenue. Rewards are paid
daily in BTC, and your trading volume determines your tier. The rewards
page lists the rates and explains the calculation.
Is there a lock-up period?
Is there a lock-up period?
The rewards program does not require staking, a minimum holding period, or
locking your USDB. You can continue to trade and transfer it while earning
rewards. Your time-weighted average balance determines how much of your
balance counts toward each day’s payout.
How do I exit USDB?
How do I exit USDB?
Convert USDB to BTC or USDC through Flashnet
Trade. Choose the asset and network you want to
receive, then review the quote before confirming. See Redeem
USDB.
What's the minimum to earn rewards?
What's the minimum to earn rewards?
The minimum is 10 USDB. Rewards are capped at a balance of 500,000 USDB.
How often are rewards paid?
How often are rewards paid?
Rewards are calculated at midnight UTC, with daily payouts scheduled for 01:00
UTC. BTC is sent to eligible Spark wallets.
How does USDB maintain its peg?
How does USDB maintain its peg?
USDB’s $1 peg is supported by its reserve backing and redemption through
Brale. Review Brale’s current redemption terms when arranging a direct
redemption.
Can I redeem USDB for USD directly?
Can I redeem USDB for USD directly?
Direct USD redemption goes through Brale. You need to
open an account and complete its verification process. The documented
redemption ratio is 1 USDB to 1 USD; confirm eligibility, fees, and processing
times with Brale.
How are reserves protected?
How are reserves protected?
Brale manages the reserves at regulated financial institutions. Its current
disclosures and legal terms describe the custody arrangements and the
protections that apply to holders. Flashnet’s BTC rewards are separate from
USDB’s reserve backing.
Can I use USDB outside of Flashnet?
Can I use USDB outside of Flashnet?
USDB is a Spark-native token. You can hold and transfer it in wallets and
applications that support USDB on Spark.
What is Spark?
What is Spark?
Spark is a Bitcoin Layer 2 network for transferring BTC and tokens such as
USDB. It supports self-custody and sub-second settlement. Read the
Spark documentation for its architecture and
wallet integration details.