The ENA team has recently introduced its new stablecoin, which grabs attention due to its partnership with BlackRock.
This collaboration employs tokenized bonds as reserve assets, fostering investor confidence and potentially catalyzing rapid growth in alternative cryptocurrencies and real-world asset (RWA) tokens.
What is BlackRock's role in this new stablecoin?
As the largest asset manager in the world, BlackRock manages over $10 trillion in assets and has launched the prominent spot Bitcoin ETF, IBIT. The firm also issues one of the most significant tokenized bonds, known as BUILD, underscoring its commitment to the cryptocurrency sector.
A new stablecoin arrives: USDtb
Ethena Labs has unveiled the USDtb stablecoin, which is backed by the BUILD token in collaboration with Securitize, a leader in the tokenization of real-world assets.
This stablecoin maintains a 1:1 peg with the dollar, with 90% of its reserves anchored in BUILD, reflecting established stablecoins like USDC and USDT. Significant points to highlight from this development include: USDtb aims to provide an alternative collateral to USDe across various centralized exchanges.