Ethena Labs Launches USDtb Stablecoin Backed by BlackRock’s BUIDL

Ethena Labs launched a new stablecoin today called ‘USDtb.’ Nearly 90% of the stablecoin’s reserves are backed by BlackRock’s BUIDL tokenized fund. This new asset complements Ethena’s previous stablecoin, USDe, and helps Ethena Labs manage difficult market conditions. Ethena Labs’ New Stablecoin Offering According to the announcement, USDtb is a “wholly independent product” from USDe, the... source: https://beincrypto.com/ethena-usdtb-stablecoin-blackrock-buidl/