Ethena Labs has introduced USDtb, a new stablecoin backed by BlackRock’s BUIDL fund. 💼

- USDtb will operate like fiat-backed stablecoins like USDC and USDT, and will be the largest BUIDL-backed stablecoin with 90% BUIDL reserves.

- USDtb provides an alternative to Ethena’s USDe, providing a different risk profile.

- USDtb can support USDe in negative market conditions and reach $100 billion TVL. 🚀