PANews reported on December 18 that, according to the official blog of Ethena Labs, the stablecoin issuance protocol Usual announced today that it will integrate USDtb and sUSDe as a core part of its future business strategy. After the release of USDtb by Ethena Labs, Usual has agreed with Ethena to accept USDtb as collateral and subsequently migrate some of the supporting assets of the stablecoin USD0 to USDtb. In the coming months, Usual will become one of the largest minters and holders of USDtb.
As part of this collaboration, Usual will establish an sUSDe vault for holders of the bond product USD0++, allowing Usual users to earn sUSDe rewards while maintaining exposure to Usual. This will create synergies, enabling Usual users to leverage Ethena's rewards while increasing Ethena's TVL. Finally, Usual will incentivize and enable zero-fee exchange venues for USDtb-USD0 and USDtb-sUSDe to enhance liquidity between these core assets.
After obtaining approval from the Ethena Risk Committee, a portion of the Ethena reserve fund may be allocated to USD0++, and will support Ethena's priority products built through joint incentives and other leverage by Usual.