Ethena Officially Launches USDtb Stablecoin Backed by BlackRock’s BUIDL Fund

TL;DR Ethena has launched its much-anticipated stablecoin, USDtb, backed by BlackRock’s BUIDL fund, marking a significant milestone for the company. USDtb is designed to provide a stable and secure digital asset, with over 90% of its reserves held in BlackRock’s BUIDL fund and the remaining 10% in stablecoins to facilitate redemptions. Ethena’s USDtb offers a ... source: https://crypto-economy.com/ethena-officially-launches-usdtb-stablecoin-backed-by-blackrocks-buidl-fund/