Ethena Launches USDtb Stablecoin with Strong Backing from BlackRock’s BUIDL
Key Points:
- Ethena introduces the USDtb stablecoin, backed by BlackRock’s US Dollar Institutional Digital Liquidity Fund.
- 90% of USDtb’s reserves are invested in BlackRock’s BUIDL fund, allowing for rapid expansion.
- USDtb will back Ethena’s USDe during market downturns, enhancing risk mitigation strategies.
Ethena has officially launched its new USDtb stablecoin in partnership with real-world asset tokenization company Securitize.
Ethena Launches USDtb Stablecoin Backed by BlackRock’s BUIDL Fund
According to its official blog, USDtb stablecoin is backed by cash or cash-equivalent reserves at a 1:1 ratio, similar to established fiat-backed stablecoins like USDC and USDT. However, its unique reserve structure sets USDtb apart, with most (90%) of its funds invested in BlackRock’s US Dollar Institutional Digital Liquidity Fund (BUIDL).
This innovative approach allows USDtb to expand without practical limitations. As BUIDL is the principal reserve asset, USDtb can scale rapidly while maintaining stability, making it a compelling option for users seeking a stablecoin with strong institutional backing. The allocation to BlackRock’s BUIDL fund is the highest among all stablecoins, further solidifying USDtb stablecoin’s potential in the market.
Read more: Ethena Stablecoin USDtb Joins the Competition for $1B Tokenization Prize
USDtb Strengthens Risk Management for Ethena’s USDe Product
USDtb stablecoin offers an entirely independent alternative to Ethena’s existing USDe, providing users and exchange partners with a stablecoin with different risk characteristics. While USDe remains a popular choice, USDtb stablecoin introduces a new level of diversification in Ethena’s product line, allowing for strategic risk management.
Ethena’s Risk Committee recently approved a proposal to use USDtb as a backing asset for USDe during negative funding rates. This will allow Ethena to close USDe’s underlying hedge positions and reallocate assets to USDtb, helping mitigate potential risks during market downturns.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Ethena Launches USDtb Stablecoin with Strong Backing from BlackRock’s BUIDL
Key Points:
- Ethena introduces the USDtb stablecoin, backed by BlackRock’s US Dollar Institutional Digital Liquidity Fund.
- 90% of USDtb’s reserves are invested in BlackRock’s BUIDL fund, allowing for rapid expansion.
- USDtb will back Ethena’s USDe during market downturns, enhancing risk mitigation strategies.
Ethena has officially launched its new USDtb stablecoin in partnership with real-world asset tokenization company Securitize.
Ethena Launches USDtb Stablecoin Backed by BlackRock’s BUIDL Fund
According to its official blog, USDtb stablecoin is backed by cash or cash-equivalent reserves at a 1:1 ratio, similar to established fiat-backed stablecoins like USDC and USDT. However, its unique reserve structure sets USDtb apart, with most (90%) of its funds invested in BlackRock’s US Dollar Institutional Digital Liquidity Fund (BUIDL).
This innovative approach allows USDtb to expand without practical limitations. As BUIDL is the principal reserve asset, USDtb can scale rapidly while maintaining stability, making it a compelling option for users seeking a stablecoin with strong institutional backing. The allocation to BlackRock’s BUIDL fund is the highest among all stablecoins, further solidifying USDtb stablecoin’s potential in the market.
Read more: Ethena Stablecoin USDtb Joins the Competition for $1B Tokenization Prize
USDtb Strengthens Risk Management for Ethena’s USDe Product
USDtb stablecoin offers an entirely independent alternative to Ethena’s existing USDe, providing users and exchange partners with a stablecoin with different risk characteristics. While USDe remains a popular choice, USDtb stablecoin introduces a new level of diversification in Ethena’s product line, allowing for strategic risk management.
Ethena’s Risk Committee recently approved a proposal to use USDtb as a backing asset for USDe during negative funding rates. This will allow Ethena to close USDe’s underlying hedge positions and reallocate assets to USDtb, helping mitigate potential risks during market downturns.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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