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Ethena

<p><strong>Key Points:</strong></p>   
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 <li><em>Ethena introduces the USDtb stablecoin, backed by BlackRock’s US Dollar Institutional Digital Liquidity Fund.</em></li>   
 <li><em>90% of USDtb’s reserves are invested in BlackRock’s BUIDL fund, allowing for rapid expansion.</em></li>   
 <li><em>USDtb will back Ethena’s USDe during market downturns, enhancing risk mitigation strategies.</em></li> 
</ul>   
<h5 class="wp-block-heading"><strong><a href="https://mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/LgHNQeP2q2R91yPlhBuLG3ZkKX6golgTdA2TYOviBMM" data-type="link" data-id="https://mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/LgHNQeP2q2R91yPlhBuLG3ZkKX6golgTdA2TYOviBMM">Ethena has officially launched</a> its new USDtb stablecoin in partnership with real-world asset tokenization company Securitize. </strong></h5>   
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 <a href="https://coincu.com/wp-content/uploads/2024/12/On-Black-27-1.jpg"><img src="https://coincu.com/wp-content/uploads/2024/12/On-Black-27-1-1024x577.jpg" alt="Ethena Launches USDtb Stablecoin with Strong Backing from BlackRock's BUIDL" class="wp-image-297261"></a>
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<h2 class="wp-block-heading" id="ethena-launches-usdtb-stablecoin-backed-by-blackrock-s-buidl-fund">Ethena Launches USDtb Stablecoin Backed by BlackRock’s BUIDL Fund</h2>   
<p><a href="https://mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/LgHNQeP2q2R91yPlhBuLG3ZkKX6golgTdA2TYOviBMM" data-type="link" data-id="https://mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/LgHNQeP2q2R91yPlhBuLG3ZkKX6golgTdA2TYOviBMM">According to its official blog, </a>USDtb stablecoin is backed by cash or cash-equivalent reserves at a 1:1 ratio, similar to established fiat-backed stablecoins like <a href="https://coincu.com/271701-usdt-and-usdc-supply-increased/" data-type="link" data-id="https://coincu.com/271701-usdt-and-usdc-supply-increased/">USDC and USDT</a>. 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).</p>   
<p>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 <a href="https://coincu.com/292010-blackrock-buidl-fund-expanded-to-new-blockchains/" data-type="link" data-id="https://coincu.com/292010-blackrock-buidl-fund-expanded-to-new-blockchains/">BlackRock's BUIDL fund</a> is the highest among all stablecoins, further solidifying USDtb stablecoin’s potential in the market.</p>   
<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/294472-ethena-stablecoin-usdtb-joins-spark-competition/" data-type="link" data-id="https://coincu.com/294472-ethena-stablecoin-usdtb-joins-spark-competition/">Ethena Stablecoin USDtb Joins the Competition for $1B Tokenization Prize</a></p>   
<h2 class="wp-block-heading" id="usdtb-strengthens-risk-management-for-ethena-s-usde-product">USDtb Strengthens Risk Management for Ethena's USDe Product</h2>   
<p>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 <a href="https://coincu.com/284619-ethena-stablecoin-ustb-launched/" data-type="link" data-id="https://coincu.com/284619-ethena-stablecoin-ustb-launched/">Ethena’s product line</a>, allowing for strategic risk management. </p>   
<p>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.</p>   
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;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.</em></td>
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</figure>         <a href="https://coincu.com/?p=297251">Read original article on coincu.com</a>

Ethena Launches USDtb Stablecoin with Strong Backing from BlackRock's BUIDL

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