🚀 Exciting news in the crypto world! Stablecoin issuer Ethena has teamed up with Securitize to enter Sky's $1 billion tokenization contest. They're pitching to use BlackRock's BUIDL, the largest tokenized U.S. treasuries fund, as a reserve asset. 🌐

Sky's Spark competition, launched in June, offers real-world asset issuers a chance to win big liquidity. Ethena and Securitize also proposed a swap facility for their stablecoins, USDtb and USDe, to manage asset reallocation efficiently.

What do you think about this partnership? Share your thoughts below!