Ethena Labs announced the launch of its USDtb stablecoin, which will leverage BlackRock’s tokenized fund, USD Institutional Digital Liquidity Fund (BUIDL), for 90% of its backing. According to the Dec. 16 announcement, the partnership was facilitated by Securitize. USDtb will operate independently from Ethena’s existing algorithmic stablecoin, USDe, providing users and exchange partners with a […]
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Ethena Labs launches stablecoin backed by BlackRock’s tokenized fund shares