Amid the modular expansion and the inevitable onboarding of institutions to Web3, unifying liquidity across emerging blockchains has become essential. Deep Blue’s DBUSD is a next-gen stablecoin leveraging Wormhole's Native Token Transfers (NTT) open framework to go natively multichain. In expanding to Arbitrum and Solana from Ethereum mainnet, DBUSD is poised to usher in a new era of DeFi, fueled by multichain stablecoins.
What Is Deep Blue (DBUSD)?
Deep Blue is a next-generation, Jersey-based stablecoin issuer dedicated to enhancing global financial inclusion through blockchain technology. Its new stablecoin, DBUSD, is securely asset-backed and pegged 1:1 to USD fiat.
Built on Wormhole’s NTT framework, DBUSD is designed to offer a seamless multichain experience without compromising security or stability. Traditional stablecoins often face limitations due to their single-chain architecture, resulting in liquidity fragmentation and security risks introduced by wrapped assets. DBUSD, built on Wormhole’s NTT, overcomes these challenges. It will operate unbound by any single chain, creating new opportunities in DeFi ecosystems across all supported blockchains.
DBUSD will initially launch on Ethereum mainnet, with plans to expand to Arbitrum and Solana in the near future. This phased rollout will allow users to mint, trade, and utilize DBUSD across multiple blockchain networks, realizing the full potential of multichain interoperability.
What is NTT?
Wormhole NTT (Native Token Transfers) is a flexible and open framework for seamlessly transferring native tokens across chains while preserving the intrinsic properties on all networks. Built on Wormhole’s battle-tested infrastructure and secured by the Guardian Network, NTT tokens meet the highest security standards.
The framework’s reliability is evidenced by its widespread industry adoption, with NTT already powering multichain tokens for leading protocols such as Lido’s wstETH, JitoSOL, ether.fi, Renzo, and Stakewise.
Why NTT?
By integrating with NTT, Deep Blue can easily take DBUSD multichain. The framework is designed for flexibility, supporting long-term protocol growth and facilitating easy expansion to additional chains.
Deep Blue retains full control over its tokens' behavior on each chain, including aspects such as customizability, metadata management, contract ownership or upgradeability. This ensures compatibility with any token standard or governance system, offering unparalleled flexibility and adaptability.
DBUSD will be deployed on Arbitrum and Solana using NTT’s “burn and mint” mode. This allows for a unified supply that is managed and maintained across all supported chains, completely eliminating the need for wrapped tokens. As a result, it solves liquidity fragmentation, improves security, and enables a more seamless user experience.
Learn More
Check out the Wormhole NTT Docs, or get in touch to go multichain and grow your token’s reach with an open and flexible standard trusted by the industry’s leading crypto assets.
Learn more about NTT in a 15-minute workshop given by Wormhole Foundation Product Lead, Nikhil Suri: Watch here.
About Wormhole
Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
The wider Wormhole network is trusted and used by teams like Circle, Securitize, and Uniswap. To date, the platform has facilitated the transfer of over 40 billion dollars through over 1 billion cross-chain messages. To learn more about Wormhole, follow on Twitter, join the Discord, or read the blog.