USDtb, a new stablecoin launched by Ethena Labs, had a TVL of $65.4 million on the first day. Ethena Labs said in an announcement on December 16: "Ethena will be able to close USDe's hedging positions and reallocate its supporting assets to USDtb to further reduce the associated risks."
José Maria Macedo, one of the founders of blockchain research and development company Delphi Labs, predicted that USDtb will become the largest tokenized treasury product within a month of its launch. Seraphim Czecker, head of growth at Ethena, said that USDtb has the potential to expand to $100 billion. (Cointelegraph)
Yesterday, according to official news, Ethena Labs announced the launch of USDtb, a new stablecoin product supported by BlackRock BUIDL. USDtb has the same characteristics as existing fiat stablecoins such as USDC or USDT, and is backed by cash or cash equivalent reserves at a 1:1 ratio.