Ethena Announces UStb Stablecoin Backed by Blackrock's BUIDL
WEB2 days ago — Updated Sep 26, 2024 at 11:25 a.m. UTC. (Ryan Quintal/Unsplash, Modified by CoinDesk) Ethena has announced a new stablecoin that invests its reserves in Blackrock's real-world asset fund called ...
Ethena Set to Launch UStb Stablecoin Backed by BlackRock’s …
WEB2 days ago — In February, Ethena Labs raised $14 million in a strategic funding round, positioning the company at a $300 million valuation. Ethena has announced plans to introduce a new stablecoin, UStb, which ...
Ethena to launch new stablecoin backed by BlackRock’s BUIDL
WEB2 days ago — 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 …
WEB2 days ago — However, Ethena will be sharing more details about UStb’s timeline and new exchange integrations in the near future. USDe: A Synthetic Stablecoin with Unique Risks. Launched in February 2024, USDe, a synthetic dollar, quickly gained traction and became the fifth-largest stablecoin by market capitalization, according to DefiLlama data. As of ...
Ethena Labs launches new UStb stablecoin backed by BlackRock …
WEB1 day ago — Ethena's UStb stablecoin goes live. Ethena Labs, the issuer of USDe stablecoin, stated in an X post on Thursday that it has launched a new stablecoin product, UStb, backed by asset management firm ...
BlackRock’s BUIDL Fund Backs Ethena’s New Stablecoin
WEB2 days ago — 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. Launched earlier this ...
Ethena Labs Unveils New Stablecoin UStb Backed by BlackRock …
WEB2 days ago — 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 ...
How This Stablecoin Just Cracked $3 Billion in Record Time
WEBJun 7, 2024 — The crypto project just broke history after its synthetic dollar (stablecoin) broke the $3 billion mark in record time. In fact, Ethena’s USDe did so in just four months after its public launch.
DeFi Platform Earning Yield by Shorting Ether Attracts $300M - CoinDesk
WEBFeb 20, 2024 — Ethena offers 27% annualized rewards to holders of its USDe stablecoins, a yield it generates mostly by shorting ether futures.
Ethena Launches Blackrock BUIDL-Backed Stablecoin UStb
WEB1 day ago — Bankless Take: Ethena’s new UStb launch provides an intriguing counterbalance to USDe, addressing the major concerns about the stablecoin’s resilience amidst downturns. While relying on BlackRock’s tokenized U.S. Treasuries fund offers Ethena more stability, it also signifies the official “crypto-fication” of …
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