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：风向标)

• ·火币和okcoin
• ·区块链钱包排行
• ·yfii分叉时价格
• ·SEC 推迟 5 只 Crypto ETF，分析师预计 10 月将做出最终裁决
• ·南昌住房公积金贷款的条件有什么，我想在南昌买一套房
• ·SEC结束对PayPal稳定币PYUSD的调查
• ·股票开户金额
• ·全球知名币圈交易所排行榜 2025全球知名币圈交易所有哪些？
• ·火比特币交易平台
• ·数字货币量化交易平台 哪个虚拟货币平台安全
• ·门罗币官方挖矿软件-门罗币矿机收益,门罗币挖矿收益
• ·想问问工行信用卡申请已受理还要多久啊？
• ·支付宝强制开通借呗可以吗？想在借呗上借钱，但是开通不了。
• ·矿工如何挖币
• ·平行的金融体系：稳定币在越南的崛起
• ·如何捡比特币