#Ethena which was also acquired by Donald Trump-backed World Liberty Financial, has launched a new stablecoin. The stablecoin called USDtb is backed by the tokenized money market fund BUIDL, a partnership between BlackRock and Securitize.

Decentralized finance project $ENA has launched a new stablecoin. The new product is called USDtb.

Ethena actually has another coin registered as USDe. According to the statement, the newly issued USDtb stablecoin will “keep the USDe stable” during periods when cryptocurrency markets are in decline.

The USDtb token remains stable for 1 year and 90% of its assets are earned by BlackRock (and Securitize), and are held in the tokenized money market fund BUIDL.

#ENA , which was also acquired by Donald Trump-backed World Liberty Financial, has launched a new stablecoin. The stablecoin called USDtb is backed by the tokenized money market fund BUIDL, a partnership between BlackRock and Securitize.

The project, which was announced in the summer of 2023 and officially realized at the beginning of 2024, was seen as one of the growing DeFi platforms in recent times. Ethena, which Donald Trump's World Liberty Financial project invested in one weekend, drew attention to the fact that it has invested more than $ 6 billion since it was in its possession.

The first token of the stored protocol, USDe, is in a synthetic position. This token; It provides returns to users who invest in it by opening "short transactions" in Bitcoin, Ether and Solana perpetual futures contracts. The current annual return rate is around 27%.

Ethena's statement stated that the new stablecoin will close the basic derivative debts of USDe's account and that stocks in some periods will be supported by USDtb.

#BlackRock⁩ #BTCNewATH #MarketNewHype