Ethena Labs introduces a new stablecoin product backed by BlackRock’s BUIDL

#EthenaLabs  introduces $USDtb, a new stablecoin product backed by #BlackRockBUIDL . $USDtb relies on cash or cash-equivalent reserves to maintain a 1:1 backing for each token. Users can transfer $USDtb freely without any restrictions. The use of BlackRock's BUIDL as the primary reserve asset enables $USDtb to scale without practical limitations as the primary reserve asset, representing the vast majority (90%) of the overall reserves.

$USDtb launches as a #LayerZero -powered OFT, facilitating seamless cross-chain transfers across supported networks. Besides the #Ethereum mainnet, $USDtb will be available on Base, #Solana , and #Arbitrum, with bridging capabilities through #Stargate.

👉 mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/LgHNQeP2q2R91yPlhBuLG3ZkKX6golgTdA2TYOviBMM