Combining rewards, security, and flexibility with Bridge's stablecoin, USDB

Bridge has introduced USDB, a stablecoin it issues that is always backed 1:1 by US dollars held in cash and short-duration money market funds at BlackRock, with economic benefits shared between the issuer, developers, and end users. According to the article, Bridge pays developers the majority of the underlying treasury earnings as a fee, and developers can earn rewards by switching from other stablecoins into USDB using Bridge APIs. Conversions between USDB and other stablecoins such as USDC are free. The article also says USDB includes safeguards such as on-chain and off-chain validations, whitelisted accounts, and the ability to burn or freeze tokens, and that Stablecoins issued with Bridge have facilitated hundreds of millions in mints and redemptions in over 30 countries.