Source: Reference

On December 16, 2024, Ethena Labs launched the stablecoin USDtb (UStb), marking a new advancement in the stablecoin sector. USDtb is backed 1:1, using BlackRock's BUIDL fund as the primary reserve asset, accounting for 90% - the highest ratio in the industry.

USDtb is built as an Omnichain Fungible Token (OFT) on LayerZero, supporting cross-chain transfers between major blockchains such as Ethereum, Solana, Base, and Arbitrum. Notably, USDtb is safely audited by reputable entities like Quantstamp, Cyfrin, and Code4rena.

This product opens up a new stablecoin option for the market, aiming to replace USDe as collateral on CEX exchanges. At the same time, USDtb also attracts attention by participating in tokenization programs such as Spark's $1 billion “Tokenization Grand Prix.”

Ethena's ENA token has also recorded a 20% increase over the past week, trading at $1.20, demonstrating the project's great potential.