Despite recent advances, it is still difficult to fabricate deep blue‐emitting perovskite light‐emitting diodes (LEDs) that are immune to the color instability caused by halide mixing. This is largely because it is still challenging to achieve bright, stable, pure bromide perovskite materials with deep blue emission. Here, a novel strategy is reported for synthesizing ultrasmall CsPbBr3 quantum dots (QDs) under ambient conditions. Precise size control is used to tune the peak emission wavelengths, via the confinement effect, from 433 to 501 nm. These ultrasmall QDs, with sizes of 2–6 nm, exhibit ultralow trap density and stable photoluminescence quantum yields up to 94%, particularly in the deep blue spectral region (440–465 nm). QD‐LEDs fabricated with these materials achieve an external quantum efficiency of 1.0% at 459 nm. The exceptional control of the emission properties demonstrated here suggests a new strategy for building stable, efficient blue QD‐LEDs.