Ethena Labs, a decentralized finance firm, launched its new stablecoin USDtb, backed by the BlackRock BUIDL Fund, on December 16, and on its first day, it gained $65.4 million in total locked value. USDtb is backed 1:1 by cash or cash equivalents like Tether (USDT) and USD Coin (USDC) and can help those using Ethena’s USDe product through tough market conditions. USDtb is projected to become the largest tokenized treasury product within a month. What impact do you think USDtb will have on the stablecoin market? Share your thoughts in the comments.