ChainCatcher message, the stablecoin market welcomes a new member! The USDtb stablecoin, launched in partnership by Ethena and Securitize, is about to participate in Spark's $1 billion tokenization competition. This competition is known as the "Tokenization Grand Prix," hosted by Spark, a lending platform within the Sky ecosystem, previously known as MakerDAO.

The reserves of USDtb will primarily be invested in BlackRock's US Dollar Institutional Digital Liquidity Fund (BUIDL), accounting for over 90%, which is quite prominent in the stablecoin market. The final outcome will be confirmed through governance votes by Sky token holders. The competition in the stablecoin market is becoming increasingly fierce, and USDtb's performance is worth looking forward to! 🚀