As institutional interest in cryptocurrencies increases rapidly, innovative projects are being announced one after another. Today, ENA$ENA
team introduced its new stablecoin USDtb, and this announcement attracted attention especially with its relationship with BlackRock. USDtb will be 90% backed by BlackRock’s BUILD token. This move could reassure investors and lead to rapid growth of both altcoins and RWA tokens.
BlackRock, the world’s largest asset manager, manages more than $10 trillion in assets and is also the issuer of the largest spot Bitcoin ETF, IBIT. BlackRock is also a major player in tokenized bonds. The USDtb stablecoin announced today is backed by a tokenized bond called BUILD issued by BlackRock. This stands out as an important step in the crypto world. As BlackRock’s interest in cryptocurrencies increases, ETHUSDtb is expected to grow with this new project.
USDtb is a stablecoin backed 1:1 with the dollar, just like USDC and USDT. However, the difference is that 90% of its reserves are provided by BlackRock’s BUILD token. Ethena Labs is collaborating with Securitize, one of the leaders in the field of tokenization of real-world assets for this stablecoin. USDtb will be available as margin collateral on centralized exchanges and future platforms offering similar programs, in line with Ethena’s existing partnerships.
USDtb’s smart contracts underwent full audits in October by leading auditors such as Pashov, Quantstamp, and Cyfrin, with no high or medium findings. Additionally, a community-driven audit by Code4rena was also completed successfully, providing an additional layer of security for investors.
Following the USDtb announcement, the ENA Coin price increased by nearly 4%, reflecting the interest the project has gained in the market and confidence in its future potential.