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Ethena to Launch a New Stablecoin Backed by BlackRock
Ethena Labs has announced the launch of UStb, a new stablecoin that will be backed by BlackRock's USD Institutional Digital Liquidity Fund (BUIDL).
Following the news of the UStb stablecoin launch by Ethena and BlackRock, the price of the ENA token jumped nearly 13%.
#EthenaLabs #ENA #BlackRock #ustb
Ethena Labs has announced the launch of UStb, a new stablecoin that will be backed by BlackRock's USD Institutional Digital Liquidity Fund (BUIDL).
Following the news of the UStb stablecoin launch by Ethena and BlackRock, the price of the ENA token jumped nearly 13%.
#EthenaLabs #ENA #BlackRock #ustb
šØ BlackRock Quietly Backs $16 Trillion U.S. Dollar Rival USTb
As Bitcoin and crypto prices surge, BlackRock is making bold moves to reshape the financial landscape, backing a radical new stablecoin in the race toward $16 trillion in tokenized finance by 2030.
BlackRock's USD Institutional Digital Liquidity Fund (Buidl) is now fueling Ethena's new stablecoin UStb, a project aiming to revolutionize tokenized finance. This stablecoin will be fully backed by Buidl through a partnership with Securitize, blending the worlds of stablecoins and real-world asset tokenization. The collaboration marks a milestone in the tokenization revolution, as BlackRock positions itself at the center of this transformationāespecially as fears around the U.S. dollarās stability continue to grow.
Larry Fink, BlackRockās CEO, once dismissed Bitcoin but now admits it is "digital gold" and "legitimate". He also believes the tokenization of assets on blockchain will drive a ārevolution on Wall Streetā, with $867 trillion in assets primed for disruption, according to the World Economic Forum. As Bitcoin pushes toward $70,000, traders are eyeing BlackRockās moves. Its spot bitcoin ETF campaign and investments in crypto platforms like Securitize show BlackRock is serious about crypto and tokenized assets. Ethena's UStb stablecoin represents BlackRockās bet on bridging traditional finance with blockchain technology. With tokenized assets growing rapidlyā$120 billion already in circulation, and 58% of them on Ethereumāthe push toward a $16 trillion market by 2030 is accelerating. BlackRockās entry into this space signals that traditional finance is merging with crypto faster than ever, raising the stakes for both investors and regulators.
What do you think about this move? š Drop a comment below & follow @Professor Mende - Bonuz Ecosystem Founder for more!
š Drop a comment below & follow @Professor Mende - Bonuz Ecosystem Founder for more!
#Blackrock #ustb #CryptoMarketNews #wef #worldeconomicforum
As Bitcoin and crypto prices surge, BlackRock is making bold moves to reshape the financial landscape, backing a radical new stablecoin in the race toward $16 trillion in tokenized finance by 2030.
BlackRock's USD Institutional Digital Liquidity Fund (Buidl) is now fueling Ethena's new stablecoin UStb, a project aiming to revolutionize tokenized finance. This stablecoin will be fully backed by Buidl through a partnership with Securitize, blending the worlds of stablecoins and real-world asset tokenization. The collaboration marks a milestone in the tokenization revolution, as BlackRock positions itself at the center of this transformationāespecially as fears around the U.S. dollarās stability continue to grow.
Larry Fink, BlackRockās CEO, once dismissed Bitcoin but now admits it is "digital gold" and "legitimate". He also believes the tokenization of assets on blockchain will drive a ārevolution on Wall Streetā, with $867 trillion in assets primed for disruption, according to the World Economic Forum. As Bitcoin pushes toward $70,000, traders are eyeing BlackRockās moves. Its spot bitcoin ETF campaign and investments in crypto platforms like Securitize show BlackRock is serious about crypto and tokenized assets. Ethena's UStb stablecoin represents BlackRockās bet on bridging traditional finance with blockchain technology. With tokenized assets growing rapidlyā$120 billion already in circulation, and 58% of them on Ethereumāthe push toward a $16 trillion market by 2030 is accelerating. BlackRockās entry into this space signals that traditional finance is merging with crypto faster than ever, raising the stakes for both investors and regulators.
What do you think about this move? š Drop a comment below & follow @Professor Mende - Bonuz Ecosystem Founder for more!
š Drop a comment below & follow @Professor Mende - Bonuz Ecosystem Founder for more!
#Blackrock #ustb #CryptoMarketNews #wef #worldeconomicforum