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$PEPE up 30%
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real alt szn will start when $BTC .d will start dumping !
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Ethena to Launch $UStb Stablecoin Backed by BlackRockâs U.S. Treasuries Ethena is set to release a new stablecoin, $UStb, in partnership with Securitize, backed by BlackRockâs tokenized U.S. Treasuries fund, BUIDL. This move offers a safer alternative to Ethenaâs existing stablecoin, $USDe, which has grown to a supply of $2.6 billion but is tied to volatile crypto assets and derivative strategies. With $UStb, Ethena aims to provide a more stable option by using short-term U.S. Treasury bills as backing, which offers greater security during market volatility. While $USDeâs growth has made it the fifth-largest stablecoin, its reliance on riskier assets has led to challenges, including a brief de-pegging event. By backing $UStb with BlackRockâs BUIDL fund, which manages over $522 million in assets, Ethena seeks to mitigate these risks and strengthen its presence in the decentralized finance (DeFi) market. The new stablecoin will also serve as collateral on exchanges like Bybit and Bitget, further enhancing its utility and stability. 4o
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