LitFinancial Introduces Ethereum Stablecoin with Brale & Stably to Streamline Mortgage Lending
- Sep 11, 2025
- 2 min read
Updated: Apr 3
This article was originally published by CoinDesk on September 10, 2025.
Developed with Brale and Stably, litUSD aims to cut costs, improve treasury management and potentially used for on-chain settlement of mortgage payments.
What to know:
LitFinancial rolled out its U.S. dollar stablecoin on the Ethereum blockchain to enhance funding and treasury operations.
LitUSD is backed 1:1 with cash reserves and aims to revolutionize mortgage finance through blockchain technology.
Stablecoins are gaining traction with projected payment volumes reaching $1 trillion by 2030, boosted by U.S. regulations for the sector.
Michigan-based mortgage lender LitFinancial on Wednesday debuted its U.S. dollar stablecoin, dubbed litUSD, on the Ethereum blockchain as the digital dollar movement is expanding beyond crypto natives.
The firm said it plans to use the token to cut funding costs and improve treasury management operations, while also exploring on-chain settlement of mortgage payments. That shift could allow loan performance to be tracked publicly, potentially reshaping liquidity in the secondary mortgage market.
Stablecoins, cryptocurrencies with prices anchored to fiat money like the U.S. dollar, are quickly growing in popularity as an alternative for payments, promising faster, cheaper transactions using blockchain rails. Keyrock projected that stablecoin payment volume could erach $1 trillion by 2030.
Their mainstream adoption got a significant boost with the U.S. establishing regulation for the asset class and institutions with U.S. President Donald Trump signing the GENIUS Act in law in July.
The stablecoin, dubbed litUSD, is deployed on the Ethereum network as an ERC-20 token and backed 1:1 with cash and cash equivalents held in reserve. The firm chose Ethereum to build on because of its "stability, decentralized nature and aligning with domestic policies,” Barry said.
Brale, a FinCEN-registered money services business, manages issuance and redemption, while advisory firm Stably supports token economics and integration with decentralized finance (DeFi).
Users can mint and redeem litUSD via bank transfer or Circle's USDC stablecoin through Brale's verified business accounts.
Founded in 2024, LitFinancial employs more than 100 staff and projects an annual mortgage origination run-rate of over $1 billion by 2026. Its leadership includes veterans of Rocket Mortgage and Coinbase.
About Stably
Stably is a stablecoin technology and advisory firm from Seattle, Washington. The company specializes in infrastructure development and strategic consulting for stablecoin issuers, financial institutions, and DeFi protocols. Stably issued the world’s fifth USD-backed stablecoin in 2018, pioneered Stablecoin-as-a-Service (SCaaS) in 2019, powered one of the first gold-backed tokens in 2021, and developed the first decentralized stablecoin with interest rebates in 2024. Since inception, Stably has supported over 20 stablecoin launches with battle-tested infrastructure and 8+ years of industry experience.
To learn more, please visit stably.io or contact hello@stably.io.
Disclaimer: Digital assets involve substantial risks, including volatility, regulatory changes, counterparty exposure, cybersecurity threats, and smart contract failures. Users are solely responsible for their own financial decisions. Nothing herein constitutes financial, legal, or investment advice, and individuals should conduct independent due diligence and consult licensed professionals. Stably is not liable for losses arising from market movements, technology failures, unauthorized access, or changes in asset value or redemption. For more information, please refer to our Disclaimer.
