Ethena Labs is launching a new stablecoin, USDtb, backed by BlackRock’s BUIDL Fund. This stablecoin is similar to USDC and USDT, but with reserves that are 90% BUIDL, making it the most BUIDL-backed stablecoin today. 🎉

USDtb provides an alternative with a different risk profile than Ethena’s USDe. During market turmoil, USDtb can be a lifesaver by serving as a reserve asset. The good news is, USDtb has passed audits by top security firms!

José Maria Macedo from Delphi Labs predicts USDtb will be the largest treasury tokenization product in a month. With USDtb, Ethena can maintain stability even when the market is not friendly.

What do you think about USDtb? Will it change the game in the stablecoin world? Let’s discuss in the comments column!