Ethena Announces UStb Stablecoin Backed by Blackrock's BUIDL
WEBSep 26, 2024 · Its the second stablecoin from Ethena, as earlier this year it launched USDe, a synthetic stablecoin that derives its value from the cash-and-carry trade, an arbitrage strategy between an asset ...
Ethena Set to Launch UStb Stablecoin Backed by BlackRock’s …
WEBSep 26, 2024 · Ethena has announced plans to introduce a new stablecoin, UStb, which will be backed by BlackRock's tokenized U.S. Treasuries fund, known as BUIDL. This initiative comes as Ethena's existing ...
Ethena to launch new stablecoin backed by BlackRock’s BUIDL
WEBSep 26, 2024 · Ethena Labs, developer of the decentralized stablecoin protocol Ethena, is working on a new stablecoin backed by a tokenized fund from BlackRock. Ethena Labs took to X on Sept. 26 to announce its ...
Ethena to Release UStb Stablecoin Backed by Blackrock’s Fund …
WEBSep 26, 2024 · Ethena Labs, the developer of the Ethereum-based synthetic dollar protocol, has announced the launch of UStb, a new fiat stablecoin. Backed by the BlackRock USD Institutional Digital Liquidity Fund (BUILD) and in partnership with Securitize Markets LLC, UStb offers a distinct alternative to the existing USDe stablecoin.
Ethena announces new stablecoin backed by BlackRock’s BUIDL …
WEBEthena (ENA) price shot up double digits as the platform announced the new stablecoin. After trading near $0.30 in early Asian hours, the altcoin spiked to hit highs of $0.37.
Ethena Labs Unveils New Stablecoin UStb Backed by BlackRock …
WEBSep 26, 2024 · Ethena Labs has confirmed that the newly launched UStb stablecoin is a “wholly independent product”, and independent of its already existing USDe USDe $1.00 24h volatility: 0.1% Market cap: $2 ...
Ethena Labs launches new stablecoin product, UStb, backed by …
WEBEthena Labs launched its new stablecoin on its official X page on September 26. The company also announced that a new product offering, UStb, would be fully backed by BlackRock in collaboration ...
How This Stablecoin Just Cracked $3 Billion in Record Time
WEBJun 7, 2024 · Even by crypto standards, Ethena Labs is turning heads. The crypto project just broke history after its synthetic dollar (stablecoin) broke the $3 billion mark in record time. In fact,...
BlackRock's Tokenized Fund BUIDL Pitched to Ethena as ... - CoinDesk
WEBJul 23, 2024 · Ethena shared plans to allocate a part of its $235 million USDT stablecoin collateral and $45 million surplus reserve in yield-generating real-world asset (RWA) offerings.
Dragonfly, Arthur Hayes Back $6M Round for New Stablecoin, Ethena
WEBJul 17, 2023 · Portugal-based Ethena, a startup developing an internet savings bond as well as a new Ethereum-based stablecoin secured by derivatives, has raised $6 million in a seed funding round led by...
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