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Deep Blue Leverages Wormhole as Interoperability Solution for $DBUSD

Twitter icon  •  Published 2 weeks ago  •  Hassan Maishera

On Tuesday, the Wormhole team announced via X that Deep Blue’s new $DBUSD stablecoin is going natively multichain with Wormhole’s NTT framework.

On Tuesday, the Wormhole team announced via X that Deep Blue’s new $DBUSD stablecoin is going natively multichain with Wormhole’s NTT framework. Thanks to this latest development, $DBUSD will expand to Arbitrum and Solana, with plans to integrate additional chains.

Deep Blue is a next-generation, Jersey-based stablecoin issuer dedicated to enhancing global financial inclusion through blockchain technology. $DBUSD is backed by low-risk assets and will provide real-world use cases specializing in remittances, trading, collateral, and cross-border payments. 

By leveraging NTT, $DBUSD will preserve its intrinsic properties across chains while preventing liquidity fragmentation.

Wormhole is a decentralized bridge between blockchains that enables the transfer of assets and data across different blockchain networks. It aims to facilitate interoperability and expand the capabilities of blockchain technology. W is trading at $0.244, up 1% in the last 24 hours. 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.