USDtb, the latest stablecoin from Ethereum-based USD issuance protocol ENA, has made a strong debut, amassing a total value locked (TVL) of $65.4 million on its first day of launch. The reserves backing USDtb are invested in BlackRock's tokenized fund BUIDL through a partnership with Securitize. USDtb shares characteristics with other dollar-pegged stablecoins such as USDC and USDT, utilizing reserves of cash or cash equivalents to maintain a 1:1 peg to the value of the US dollar. However, USDtb allocates a significant portion (90%) of its reserves to BlackRock's BUIDL. This strategic allocation aligns with USDtb's goal of providing investors with exposure to traditional financial markets while maintaining the stability and transparency of a blockchain-based asset. The launch of USDtb represents a significant milestone in the evolution of stablecoins, offering users a new option for hedging against market volatility and accessing a wider range of investment opportunities.