Ethena is launching $UStb, a new stablecoin backed by BlackRock’s tokenized U.S. Treasuries fund, BUIDL, offering a more stable alternative to its existing $USDe.

Key Highlights:

- Introducing $UStb: Set to launch in partnership with Securitize.

- BlackRock Backing: Directly tied to short-term U.S. Treasuries for added stability.

- Different Risk Profile: $UStb mitigates risks associated with $USDe’s volatility.

- Rapid Growth of $USDe: Currently at a $2.6 billion supply, making it the fifth-largest stablecoin.

- Market Resilience: $UStb addresses past challenges of $USDe’s reliance on crypto assets.

Ethena is also positioning $UStb for use as collateral on platforms like Bybit and Bitget, aiming to enhance its footprint in the DeFi space with more stable digital assets.

Ethena is launching $UStb, a new stablecoin backed by BlackRock’s tokenized U.S. Treasuries fund, BUIDL, offering a more stable alternative to its existing $USDe.

Key Highlights:

- Introducing $UStb: Set to launch in partnership with Securitize.

- BlackRock Backing: Directly tied to short-term U.S. Treasuries for added stability.

- Different Risk Profile: $UStb mitigates risks associated with $USDe’s volatility.

- Rapid Growth of $USDe: Currently at a $2.6 billion supply, making it the fifth-largest stablecoin.

- Market Resilience: $UStb addresses past challenges of $USDe’s reliance on crypto assets.

Ethena is also positioning $UStb for use as collateral on platforms like Bybit and Bitget, aiming to enhance its footprint in the DeFi space with more stable digital assets.