Paystand launches the stablecoin USDb based on the Bitcoin ecosystem

According to Businesswire, the blockchain B2B payment network Paystand announced the launch of the Bitcoin ecosystem-based stablecoin USDb, which is backed 1:1 by US dollar reserves and is natively deployed on the Bitcoin sidechain Rootstock. It is also compatible with the Liquid Network and the Bitcoin Lightning Network. Notably, USDb is primarily aimed at traditional corporate finance such as accounts receivable and payable, cross-border payroll, and treasury management.