Ethena Labs introduces USDtb, a new stablecoin backed by BlackRock’s BUIDL fund! 🎉 USDtb operates similarly to fiat-backed stablecoins like USDC and USDT, and features a 90% BUIDL reserve. This new stablecoin provides an alternative to Ethena’s USDe, providing a different risk profile.

USDtb can increase USDe’s resilience during market volatility and serve as a reserve asset against negative funding rates. Having successfully passed security audits, USDtb is in the process of being included in Spark’s Tokenization Grand Prix. 💼