Ethena Labs has officially launched USDtb, a new stablecoin backed by BlackRock's Digital Liquidity Fund (BUIDL), on December 16.

- USDtb was developed alongside Securitize, functioning like other fiat-backed stablecoins such as USDC and USDT, with reserves invested in cash or equivalent assets to maintain a 1:1 value ratio.

- USDtb has 90% of its reserves from BUIDL, becoming the highest BUIDL-backed stablecoin ever, providing a stable option with a distinct risk profile.

- José Maria Macedo from Delphi Labs predicts USDtb will become the largest crypto treasury product on-chain within a month, offering a profitable stablecoin option with lower risk. 🌟

- USDtb also helps Ethena cope with adverse market conditions, ensuring stable yields even when the market is unfavorable.