$ENA
Ethena Labs official news stablecoin issuance protocol Usual announced that it will integrate USDtb and sUSDe as a core part of its future business strategy. After Ethena Labs released USDtb, Usual reached an agreement with Ethena to accept USDtb as collateral and plans to migrate a portion of the supporting assets for the stablecoin USD0 to USDtb. It is expected that in the coming months, Usual will become one of the largest minters and holders of USDtb.
As part of the collaboration, Usual will set up an sUSDe treasury for bond product USD0++ holders, which allows Usual users to continue to maintain their underlying exposure to Usual while receiving sUSDe rewards. Such arrangements will create synergies, enabling Usual users to leverage Ethena's rewards while increasing Ethena's total value locked (TVL). Additionally, Usual will incentivize and enable zero-fee exchanges between USDtb-USD0 and USDtb-sUSDe to enhance liquidity between these core assets.
Upon obtaining approval from the Ethena Risk Committee, a portion of the Ethena reserve fund may be allocated to USD0++, and will support the Ethena priority products built by Usual through joint incentives and other leverage. This indicates that the collaboration between Usual and Ethena Labs will deepen, potentially bringing more innovation and capital liquidity, while also providing new opportunities for Usual users and the growth of Ethena's TVL.
