Managing a multi-asset Bitcoin wallet just got more intuitive. The Blockstream app now displays live fiat prices for Liquid assets, starting with Tether USDT and USTBL. It's the first step toward full fiat price visibility across the Liquid ecosystem with more assets coming soon.
This update is live across both mobile and desktop, bringing a consistent experience whether you're managing funds on the go or at your desk.
See Your Liquid Assets in Fiat
Until now, Liquid assets in the Blockstream app displayed balances in their native denominations. Knowing how much USDT or USTBL you hold is useful, but seeing that value expressed in your local currency makes day-to-day decisions easier, especially when moving between bitcoin and stablecoins.
With fiat price display enabled, individual Liquid asset balances now update alongside live market data. No manual conversion, no context switching.
This is the beginning. We're actively working to bring fiat price endpoints to more Liquid assets, including CMSTR and CMTPL, with more to follow as the ecosystem grows.
USTBL: Institutional-Grade Assets on Liquid
USTBL is a U.S. Treasury Bill token issued by NexBridge, a Liquid Federation member and one of the network’s key institutional partners. It gives holders exposure to short-term U.S. government debt in a self-custodied, Bitcoin-native format, combining the security model of Liquid with the yield profile of traditional finance.
USTBL is issued through Blockstream AMP, Blockstream's policy and compliance engine for issuing and managing tokenized securities on the Liquid Network. AMP enables issuers to handle ownership tracking, transfer controls, and distribution to verified holders. USTBL operates on this basis, and the Blockstream app is the native wallet for AMP assets — giving verified holders a self-custodied environment to hold and manage their positions.
With USTBL now supported in the Blockstream app's fiat price display, users can track its real-world value directly inside the wallet — the same place they already manage their bitcoin, LBTC, and other Liquid assets.
Why Liquid Is Different
Liquid's architecture is purpose-built for high assurance and security. Core functionality is embedded directly into the protocol, whereas many other blockchain platforms rely on external tooling, increasing both operational complexity and risk. Asset issuance, multisignature, and privacy, for example, are native to Liquid and enabled through low-level opcodes and lightweight cryptography.
This security-first design also extends to network operations. Liquid functionaries, the validators responsible for block production, are required to use tamper-resistant HSM-secured keys and are distributed across multiple jurisdictions. By contrast, many other platforms depend on optional external signing infrastructure such as Web3Signer.
This fundamental misdesign is why EVM-based chains have been repeatedly burned by vulnerabilities at the contract, key, and tooling layers.
The same security-first design extends to the smart contract layer. Simplicity, Blockstream's formally verifiable scripting language, is live on Liquid mainnet, enabling contracts that can be mathematically proven correct before deployment. In March 2026, Blockstream Research executed the first post-quantum signed transaction on a production Bitcoin sidechain on Liquid.
For institutions managing high-value assets, these architectural differences matter. By minimizing external dependencies and enforcing stronger security defaults from the outset, Liquid provides a more robust and dependable foundation for real-world financial infrastructure.
What Liquid Assets Carry
Not all tokenized assets are created equal. Liquid assets carry properties that set them apart from equivalents on other networks. These value propositions are why financial providers are choosing Liquid, with more than $5B worth of RWAs issued on the network today.
Confidential Transactions hide transaction amounts and asset types from third parties by default. When you send assets on Liquid, the details of that transfer are visible only to the parties involved (sender and receiver), not to the entire network. For anyone moving meaningful value, that privacy is not a nice-to-have — it's a baseline requirement to protect sensitive financial data on-chain. And for participants who need to demonstrate compliance with essential standards, senders and receivers (as well as issuers via AMP) can selectively unblind transaction details to authorized parties without exposing anything to the broader network.
MicroStrategy and Metaplanet have both issued tokenized securities on the Liquid Network through STOKR — CMSTR and CMTPL respectively. The "C" is Roman numeral for 100: each token represents a bundle of 100 underlying shares, held in custody, and tradeable peer-to-peer on Liquid around the clock. Like USTBL, both are issued through Blockstream AMP as transfer-restricted assets, accessible only to verified participants and with full programmability by the issuer. It's a structure that makes previously inaccessible equities — including Metaplanet shares, listed only on the Tokyo Stock Exchange — available to a global audience without intermediaries. We look forward to bringing fiat price display to CMSTR, CMTPL, and other issued assets soon.
Available on Mobile and Desktop
This update ships across both the Android and iOS mobile apps and the Blockstream desktop app, so your asset price view is consistent regardless of how you access the wallet. Alongside fiat price display, this release includes swap IDs on lockup transactions for better traceability, a refreshed wallet header UI on desktop, and a range of bug fixes and stability improvements.
Get the Update
Download or update the Blockstream app on mobile or desktop to start tracking your Liquid asset values in fiat.