🚀 Ethena set to launch BlackRock-backed stablecoin.

@ethena_labs, a decentralized stablecoin protocol 🌐, will soon introduce the stablecoin “$UStb,” backed by @BlackRock’s 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 💰