Ethena Set to Launch UStb Stablecoin Backed by BlackRock’s …
WEB2 days ago · 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’s BlackRock-Backed UStb Stablecoin Launch: Details
WEB19 hours ago · UStb, Ethena Labs’ new stablecoin, backed by BlackRock’s $522M BUIDL fund. UStb offers real asset backing, differing from USDe’s derivative-based structure. ENA token jumps 19%, market value of USDe reaches $2.6 billion post-UStb launch. Ethena Labs, the developer of decentralized stablecoin protocols, has announced the launch of …
Ethena Announces UStb Stablecoin Backed by Blackrock's BUIDL
WEB2 days ago · BLK. Ethena has announced a new stablecoin that invests its reserves in Blackrock's real-world asset fund called BUIDL. The team said UStb can support its synthetic stablecoin USDe during tough ...
Ethena to launch new stablecoin backed by BlackRock’s BUIDL
WEB1 day ago · The stablecoin will be backed by BlackRock’s tokenized BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which offers a stable value of $1 per token. The UStb announcement by Ethena ...
Ethena to Release New UStb Stablecoin Backed by Blackrock ... - Crypto News
WEB1 day ago · 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. With over 14% upside ...
BlackRock’s BUIDL Fund Backs Ethena’s New Stablecoin
WEB1 day ago · Tokenized Treasury Market. Source: rwa.xyz Collaborating with Securitize, Ethena plans to enhance the stablecoin market. Securitize currently oversees more than $950 million in tokenized investments and has played a crucial role in tokenizing funds for BlackRock.. Distinctively, UStb offers a different risk profile compared to Ethena’s existing USDe stablecoin.
BlackRock's Tokenized Fund BUIDL Pitched to Ethena as ... - CoinDesk
WEBJul 23, 2024 · BlackRock's BUIDL, a money market fund represented by an Ethereum-based token, seeks a $34 million allocation from Ethena's $45 million Reserve Fund, according to a Monday post by...
BlackRock BUIDL Fund Bids for Allocation From Ethena's $45
WEBJul 24, 2024 · On July 16, Ethena Labs created a forum thread for allocations of its $45.4 million reserve fund that currently has $235 million in Tether (USDT) backing its USDe stablecoin. The post also laid out plans to allocate part of the fund to yield-generating, real-world asset products.
Ethena Labs launches new UStb stablecoin backed by BlackRock …
WEB1 day ago · Ethena Labs announced the launch of the UStb stablecoin, collateralized by BlackRock and Securitize BUIDL. UStb is a separate product from USDe and will function similarly to a traditional stablecoin.
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