Ethena has introduced its new USDtb stablecoin in partnership with Securitize, a real-world asset tokenization company. USDtb is backed by cash or cash-equivalent reserves at a 1:1 ratio and has 90% of its reserves invested in BlackRock’s US Dollar Institutional Digital Liquidity Fund (BUIDL). This innovative approach allows USDtb to expand rapidly without practical limitations.
Ethena’s USDtb also offers an independent alternative to its existing USDe, providing users and exchange partners with a stablecoin with different risk characteristics. The company’s Risk Committee has approved a proposal to use USDtb as a backing asset for USDe during negative funding rates, allowing Ethena to mitigate potential risks during market downturns.
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<p>The post Ethena’s USDtb Stablecoin Backed by BlackRock’s BUIDL Fund first appeared on CoinBuzzFeed.</p>