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Ethena Announces UStb Stablecoin Backed by Blackrock's BUIDL

Summary by Coin Desk
Reserves for UStb will be invested in BUIDL, which in turn holds U.S. dollars, U.S. Treasury bills, and repurchase agreements.

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CointelegraphCointelegraph

Ethena to launch new stablecoin backed by BlackRock’s BUIDL

Ethena’s synthetic stablecoin USDe can benefit from incorporating UStb during periods of weak funding conditions, Ethena Labs said.

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Coin DeskCoin Desk

Ethena Announces UStb Stablecoin Backed by Blackrock's BUIDL

Reserves for UStb will be invested in BUIDL, which in turn holds U.S. dollars, U.S. Treasury bills, and repurchase agreements.

·Manila, Philippines
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Crypto BriefingCrypto Briefing

Ethena debuts UStb stablecoin backed by BlackRock to complement USDe

Ethena's launch of UStb, backed by BlackRock, could enhance stability and broaden adoption in the DeFi space, despite market fluctuations. The post Ethena debuts UStb stablecoin backed by BlackRock to complement USDe appeared first on Crypto Briefing.

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CryptoSlateCryptoSlate

Ethena Labs jumps 14% on BlackRock’s BUIDL backed UStb stablecoin announcement

Ethena Labs has announced the introduction of UStb, a new stablecoin fully backed by BlackRock’s on-chain BUIDL fund, developed in partnership with Securitize. This product is an additional fiat stablecoin alongside USDe, offering a differentiated risk profile to users and exchange partners. UStb will reportedly function identically to traditional stablecoins and exist as an isolated product distinct from USDe. BlackRock and Securitize’s collate…

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coinstats.appcoinstats.app

CoinStats - Ethena Launches Blackrock BUIDL Stablecoin US...

Crypto Price Tracker, Market Cap, News. CoinStats is a crypto portfolio tracker that provides live prices for Bitcoin, Ethereum & 5000 altcoins.

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http://coinprofitnews.comhttp://coinprofitnews.com

Ethena Labs launches new stablecoin product, UStb, backed by Blackrock’s BUIDL

Ethena Labs announced on X on September 26 its newest product offering, UStb. The company revealed that UStb would be backed up by BlackRock BUIDL. Ethena Labs also revealed that BlackRock would partner with Securitize to enable a separate fiat stablecoin.

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