đ 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. đ
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.
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