Ethena Labs has announced the launch of its USDtb stablecoin, which will be backed by 90% of BlackRock’s tokenized fund, the USD Institutional Digital Liquidity Fund (BUIDL). The partnership was facilitated by Securitize. USDtb will operate independently from Ethena’s existing algorithmic stablecoin, USDe, providing users and exchange partners with a stablecoin featuring a differentiated risk profile.
The initiative will boost tokenization efforts and USDtb is inherently multichain, built as LayerZero’s Omnichain Fungible Token (OFT). Users can transfer USDtb across various blockchains, such as Ethereum, Solana, and Decision.
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