Ethena Labs Introduces USDtb Stablecoin Backed By BlackRock BUIDL
According to Foresight News, Ethena Labs has announced the launch of its new stablecoin product, USDtb, which is supported by BlackRock BUIDL. The USDtb stablecoin shares similar characteristics with existing fiat-backed stablecoins such as USDC and USDT. It is backed by reserves of cash or cash equivalents at a 1:1 ratio for each token issued. This ensures that the value of USDtb remains...
