Ethena's USDtb Stablecoin Now Active on Arbitrum, Solana, Base, and Ethereum with LayerZero Technology.

Ethena Labs has officially launched its new stablecoin, USDtb, which is now active on multiple blockchain networks including Arbitrum, Solana, Base, and Ethereum. This launch is powered by LayerZero technology, enabling seamless cross-chain transfers and interoperability.

USDtb is backed by BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), ensuring a 1:1 peg to the US dollar. With 90% of its reserves held in the BUIDL fund, USDtb offers strong security, improved scalability, and consistent liquidity. This makes it a competitive participant in the stablecoin market, providing users with a stable and reliable digital asset.

The integration of LayerZero technology allows USDtb to operate across several blockchain systems, enhancing user accessibility and acceptance. This cross-chain functionality is essential for improving the usability and adoption of the stablecoin.

Ethena Labs has also prioritized security, with multiple security firms, including Quantstamp, Cyfrin, and Pashov, conducting thorough audits of the USDtb smart contracts. These audits confirmed the resilience and technical strength of the implementation, ensuring that USDtb is a secure and reliable stablecoin.