USDB Blast (USDB) stablecoin analytics
Answer First
What is USDB Blast (USDB)?
USDB is Blast L2's native yield-bearing dollar, bridged USDC/USDT routed through MakerDAO DSR with auto-rebasing yield to Blast holders. The static profile records its US Dollar peg mechanism as: Automatic rebasing with yield from underlying centralized stablecoin strategies
Is USDB safe?
Pharos does not assess USDB as safe: it holds a D Safety Score grade (44/100) in the latest published rating, which flags significant structural risk. Static metadata says USDB Blast uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
USDB Blast (USDB) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Sep 7, 2026
USDB's reserve is quality stablecoin collateral routed through MakerDAO's DSR, but the product is confined to a single chain. The current metadata models the backing through Blast's DAI yield manager, which is less exotic than the surrounding ecosystem branding would suggest. The depeg history, an unusually long tail of recorded episodes, tells the story of a rebasing stablecoin on an island with no comparable route out. Governance-set yield barely registers against the cost of holding a chain-native wrapper with...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Blast documentation (USDB route and DAI bridge redemption)
- Collateral
- DAI held through Blast's MakerDAO DSR yield manager; USDC, USDT, and DAI are supported bridge deposit inputs, while USDB withdrawals redeem to DAI.
- Peg Mechanism
- Automatic rebasing with yield from underlying centralized stablecoin strategies
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Blast.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdb-blast
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
USDB quick answers
What is USDB Blast (USDB)?
USDB is Blast L2's native yield-bearing dollar, bridged USDC/USDT routed through MakerDAO DSR with auto-rebasing yield to Blast holders. The static profile records its US Dollar peg mechanism as: Automatic rebasing with yield from underlying centralized stablecoin strategies
Is USDB safe?
Pharos does not assess USDB as safe: it holds a D Safety Score grade (44/100) in the latest published rating, which flags significant structural risk. Static metadata says USDB Blast uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USDB?
Pharos classifies USDB backing as Crypto-Collateralized. Collateral, per the static profile: DAI held through Blast's MakerDAO DSR yield manager; USDC, USDT, and DAI are supported bridge deposit inputs, while USDB withdrawals redeem to DAI. Reserve evidence: live reserve feed configured.
Can USDB be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDB, when applicable, appear in the dossier below.
