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：金店)

• ·怎么看股票放量还是缩量-怎么看股票放量还是缩量图
• ·thedao是 什么
• ·银行理财计入什么科目
• ·公众责任险究竟保障哪些内容？具体涵盖哪些范围？
• ·明星买股票
• ·小蚁交易平台
• ·2025 年 Aptos 稳定币供应量将增长近 3 倍：APT 达到 10 美元的催化剂？
• ·漳县怎么样-漳县怎么样?
• ·年终奖个人所得税怎么计算
• ·10月31日博时沪港深价值优选A净值下跌0.06%，近1个月累计上涨0.48%
• ·水果损耗会计分录怎么做
• ·保险赔付率是怎么算出来的？
• ·什么是分布式账本技术？DLT和区块链有什么区别？
• ·医保能享受补收是什么意思？我能申请医保补收吗？
• ·bcc是什么平台啊 bcac是什么平台
• ·10月31日海富通欣享灵活配置混合C净值增长0.08%，近6个月累计上涨8.52%