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. 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.
