Ethena Labs, the company issuing decentralized stable currency USDe, announced on Thursday that it will cooperate with Blackrock, the asset management company, and Securitize, the real world asset token company, to launch a new stable currency, called UStb, supported by BUIDL, the token based treasury bond fund issued by Blackrock.

According to the announcement, the functionality of UStb will be the same as traditional stablecoins, and Ethena Labs intends to invest its reserves in BUIDL issued by BlackRock on Ethereum. BUIDL Fund invests 100% of its total assets in cash, US treasury bond bonds and repurchase agreements. Since its launch in March this year, BUIDL has rapidly developed into the largest token US treasury bond fund, with an asset management scale of more than 522 million US dollars.

Ethena Labs wrote in the announcement, "UStb will exist as a completely independent product, providing users and exchange partners with new options to meet their needs for stablecoins. Compared to USDe, UStb has a completely different risk profile

Ethena Labs also pointed out that UStb can help USDe better cope with difficult market conditions. If Ethena's governance deems it necessary and appropriate, Ethena will be able to liquidate USDe related hedging positions during periods of negative funding rates and reallocate its supporting assets to UStb to further reduce related risks.

Ethena Labs plans to enable UStb to serve as an alternative to USDe, as collateral for margin on cooperating centralized exchanges (currently including Bybit and Bitget). Information regarding the launch date of UStb and its integration with exchanges will be released in the coming weeks.

Affected by the above news, Ethena's governance token ENA has risen by about 11% in a short period of time, with a trading price of $0.356 before the deadline.

The collaboration with Ethena to issue UStb Securitize has led to over $950 million in tokenization investments. The company announced in May this year that it had completed a $47 million strategic funding round led by BlackRock, with alternative investment management firms Hamilton Lane, ParaFi Capital, Tradeweb Markets, Aptos Labs, Circle, and Paxos also participating in this round of funding.

Related articles: "What is Ethena? Five minute tutorial takes you to understand stablecoin USDe and Ethena" "Market funding rate turns negative! Stable coin protocol Ethena turns profit into loss, facing the biggest challenge since its launch"

(责任编辑：百科资讯)

• ·日本首席贸易谈判代表放话：若不取消关税，绝不急于达成协议！
• ·10月31日永赢半导体产业智选混合发起A净值增长6.79%，近6个月累计上涨43.41%
• ·宜人贷可以追加贷款吗？不是很清楚。
• ·全球最大的虚拟货币交易所排行 9大btc交易平台排名名单
• ·什么是以太坊轻钱包-以太坊钱包是什么意思
• ·10月31日富国新材料新能源混合C净值增长0.09%，近3个月累计上涨14.41%
• ·怎么做儿童密码钱包
• ·什么是沪港通股票-什么叫沪港通?
• ·征信股票
• ·10月31日前海联合泳隽混合A净值增长0.71%，近3个月累计上涨18.36%
• ·火币网充值
• ·福安药业：监事会进行换届选举
• ·比特币行情桌面-比特币行情桌面悬浮窗
• ·请问绵阳市住房公积金贷款申请材料有哪些？我想在绵阳市买房。
• ·火币网倒闭
• ·meme币交易所下载官方app下载 meme币最新版下载ios