$PEPE up 30% | 3rdeyeofcrypto on Binance Square

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$PEPE up 30%

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PEPE

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+14.92%

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our $WIF buy is up 20%

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$HMSTR keep an eye on it

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waiting for next $BTC update? q3 ending soon

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real alt szn will start when $BTC .d will start dumping !

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Ethena to Launch $UStb Stablecoin Backed by BlackRock’s U.S. Treasuries Ethena is set to release a new stablecoin, $UStb, in partnership with Securitize, backed by BlackRock’s tokenized U.S. Treasuries fund, BUIDL. This move offers a safer alternative to Ethena’s existing stablecoin, $USDe, which has grown to a supply of $2.6 billion but is tied to volatile crypto assets and derivative strategies. With $UStb, Ethena aims to provide a more stable option by using short-term U.S. Treasury bills as backing, which offers greater security during market volatility. While $USDe’s growth has made it the fifth-largest stablecoin, its reliance on riskier assets has led to challenges, including a brief de-pegging event. By backing $UStb with BlackRock’s BUIDL fund, which manages over $522 million in assets, Ethena seeks to mitigate these risks and strengthen its presence in the decentralized finance (DeFi) market. The new stablecoin will also serve as collateral on exchanges like Bybit and Bitget, further enhancing its utility and stability. 4o

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