Paystand Launches USDb Stablecoin on Bitcoin Rails for Business Payments
Cointelegraph
Paystand has introduced USDb, a US dollar-backed stablecoin leveraging Bitcoin-linked infrastructure to streamline enterprise financial processes like payroll and accounts payable.Summary
Paystand has launched USDb, a stablecoin backed 1:1 by US dollar reserves and built on Bitcoin-linked rails, including Rootstock and Blockstream infrastructure. Designed for enterprise use, the token facilitates accounts receivable, accounts payable, payroll, and treasury operations within Paystand’s existing payment network, which has processed over $20 billion in volume. The project, supported by partners like Ibex, aims to integrate with Bitcoin-based networks such as the Lightning Network and Liquid, with plans for broader accessibility by 2026.
(Source：Cointelegraph)