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UStb

Ethena’s BlackRock-Backed UStb Stablecoin Launch: Details

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Ethena Labs, the developer of decentralized stablecoin protocols, has announced the launch of its new stablecoin. UStb (USTB) is fully backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). This latest offering is an extension of the partnership agreement between Ethena, BlackRock, and Securitize, a digital securities and real-world asset tokenization platform. Ethena’s current USDe…

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UStb Unveiled with BlackRock’s Treasuries Backing to Merge Finance and Blockchain Innovation

cryptosheadlines06 mins

September 27, 2024 at 04:28 PM GST updated: September 27, 2024 at 02:52 PM 2 mins read News Ethena Labs launches UStb, a stablecoin backed by BlackRock’s tokenized U.S. Treasuries, enhancing stability in crypto finance. UStb operates alongside USDe, providing users with an alternative risk profile and addressing market volatility effectively. Ethena’s proactive governance enables…

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