đ Ethena set to launch BlackRock-backed stablecoin.
@ethena_labs, a decentralized stablecoin protocol đ, will soon introduce the stablecoin â$UStb,â backed by @BlackRockâs BUIDL tokenized fund, which invests primarily in US Treasuries.
UStb will function like a traditional#stablecoinand benefit from the stability of the BUIDL fund, which has already surpassed $522 million in assets đ°