{"id":59376,"date":"2022-03-30T10:59:12","date_gmt":"2022-03-30T07:59:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59376"},"modified":"2025-09-04T21:31:06","modified_gmt":"2025-09-04T18:31:06","slug":"fantom-to-launch-algorithmic-stablecoin-usdb","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fantom-to-launch-algorithmic-stablecoin-usdb\/","title":{"rendered":"Fantom to launch algorithmic stablecoin USDB"},"content":{"rendered":"<p>The Fantom project has announced the launch of its own stablecoin USDB with high-yield liquidity pools as collateral. The issuer will be Balance, an entity comprising some members of FantomDAO.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">2\/6<br \/>-The <a href=\"https:\/\/twitter.com\/search?q=%24FHM&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$FHM<\/a> Protocol and <a href=\"https:\/\/twitter.com\/search?q=%24USDB&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDB<\/a> stablecoin are united under a new entity, called Balance, which is comprised of the original <a href=\"https:\/\/twitter.com\/FantohmDAO?ref_src=twsrc%5Etfw\">@FantohmDAO<\/a> team and operates to generate business revenue for both FHM and USDB.<\/p>\n<p>-The USDB minter is now live.<\/p>\n<p>\u2014 USDB (@USDB_) <a href=\"https:\/\/twitter.com\/USDB_\/status\/1508744834445684736?ref_src=twsrc%5Etfw\">March 29, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/p>\n<p>The tokenomics envisage burning FantOHM (FHM) to mint USDB, and the reverse process to mint FHM backed by assets in the Fantom treasury.<\/p>\n<p>The developers announced farming via the Liquid Driver protocol and providing liquidity in the Beethoven X project. A staking mechanism is also anticipated, with <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-impermanent-loss-il\">minimising impermanent loss<\/a>.<\/p>\n<p>The developers will launch the TradFi Bonds project, which will enable yields of 21%\u201332.5% per year in USDB using the DAI stablecoin.<\/p>\n<p>Fantom users will be able to maintain USDB\u2019s peg at $1 by exploiting arbitrage opportunities through participation in pools.<\/p>\n<p>The developers plan to add lending platforms to the ecosystem, with material incentives for developers planned.<\/p>\n<p>On the Fantom network <a href=\"https:\/\/u1f987.com\/en\/news\/defi-project-aave-to-add-fantom-support\">has been deployed<\/a> the lending DeFi project Aave.<\/p>\n<p>Earlier, the Fantom ecosystem <a href=\"https:\/\/u1f987.com\/en\/news\/fantom-defi-ecosystem-becomes-third-largest-by-tvl\">rose to third place<\/a> by total value locked, behind only Ethereum and <a href=\"https:\/\/u1f987.com\/en\/news\/terra-defi-ecosystem-tvl-surpasses-18-billion\">Terra<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Fantom project announced the launch of its own stablecoin USDB with high-yield liquidity pools as collateral. The issuer will be Balance, an entity comprising some members of FantomDAO.<\/p>\n","protected":false},"author":1,"featured_media":59377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1462,807],"class_list":["post-59376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fantom-blockchain","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=59376"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59376\/revisions"}],"predecessor-version":[{"id":59378,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/59376\/revisions\/59378"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/59377"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=59376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=59376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=59376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}