{"id":172239,"date":"2024-09-26T15:25:57","date_gmt":"2024-09-26T15:25:57","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172239"},"modified":"2024-09-26T15:26:01","modified_gmt":"2024-09-26T15:26:01","slug":"ethena-labs-introduces-ustb-stablecoin-fully-backed-by-blackrocks-buidl-fund","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethena-labs-introduces-ustb-stablecoin-fully-backed-by-blackrocks-buidl-fund\/","title":{"rendered":"Ethena Labs Introduces UStb Stablecoin Fully Backed by BlackRock\u2019s BUIDL Fund"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\"><strong>Ethena has launched its new stablecoin UStb<\/strong>, designed as an alternative to USDe, offering stability with a differentiated risk profile in a volatile market.<\/li>\n<li style=\"text-align: justify\">UStb will be fully <strong>backed by BlackRock&#8217;s tokenized BUIDL fund<\/strong>, which manages over $522 million in assets, ensuring its collateralization.<\/li>\n<li style=\"text-align: justify\">There are plans to list UStb on more <strong>centralized exchanges<\/strong>, such as Bybit and Bitget.<br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong>Ethena has launched its new <a href=\"https:\/\/crypto-economy.com\/stablecoins\/\" target=\"_blank\" rel=\"noopener\">stablecoin<\/a> UStb as an alternative to its existing USDe<\/strong>. This new digital asset was designed to provide users and platforms with stability similar to traditional assets like USDT, but with a <strong>differentiated risk profile<\/strong> that may be appealing in a volatile market.<!--more--><\/p>\n<p style=\"text-align: justify\">The stablecoin UStb will be completely <strong>backed by BlackRock&#8217;s tokenized BUIDL fund<\/strong>, which invests in U.S. dollars, short-term Treasury bonds, and repurchase agreements, thus ensuring its full collateralization.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are excited to announce Ethena&#39;s newest product offering: UStb<\/p>\n<p>UStb will be fully backed by <a href=\"https:\/\/twitter.com\/BlackRock?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Blackrock<\/a> BUIDL in partnership with <a href=\"https:\/\/twitter.com\/Securitize?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Securitize<\/a>, enabling a separate fiat stablecoin product alongside USDe<\/p>\n<p>Details below on why this is important: <a href=\"https:\/\/t.co\/jOIoMef7W3\" target=\"_blank\">pic.twitter.com\/jOIoMef7W3<\/a><\/p>\n<p>&mdash; Ethena Labs (@ethena_labs) <a href=\"https:\/\/twitter.com\/ethena_labs\/status\/1839258925981642834?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">September 26, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">The BUIDL fund, which started operating in March, has established itself as <strong>the largest tokenized U.S. Treasury fund, managing assets that exceed $522 million<\/strong>. This solid backing provides UStb with a level of confidence that could attract investors and users looking for a secure and stable option amid volatility.<\/p>\n<p style=\"text-align: justify\">Ethena&#8217;s new proposal was designed both to <strong>complement the stablecoin USDe<\/strong>, which is also fully collateralized, and to offer an additional option that better meets the needs of users and exchanges during market fluctuations. With expectations of sustained growth, <strong>Ethena plans to list UStb on an increasing number of <a href=\"https:\/\/crypto-economy.com\/cex-vs-dex\/\" target=\"_blank\" rel=\"noopener\">centralized exchanges<\/a><\/strong>, such as <strong>Bybit and Bitget<\/strong>, which will facilitate its accessibility for a wide range of users.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-169713\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/08\/ethena-post.jpg\" alt=\"ethena post\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/08\/ethena-post.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/08\/ethena-post-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/08\/ethena-post-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2>Ethena Designs a Plan to Deal with Financial Complications<\/h2>\n<p style=\"text-align: justify\">Furthermore, <a href=\"https:\/\/ethena.fi\/\" target=\"_blank\" rel=\"noopener\"><strong>Ethena<\/strong> <\/a>has outlined a plan to <strong>address potential challenges in the performance of USDe in situations of negative funding rates<\/strong>. Should difficulties arise, there is a possibility of <strong>redistributing the backing assets from USDe to UStb<\/strong>, which could help maintain the stability of both products and ensure they remain viable in the market.<\/p>\n<p style=\"text-align: justify\">Ethena continues to innovate, providing users with options that promote both stability and adaptability in a complex and volatile financial environment. Additional updates regarding <strong>the launch and integration of UStb on various platforms are expected in the near future.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Ethena has launched its new stablecoin UStb, designed as an alternative to USDe, offering stability with a differentiated risk profile in a volatile market. UStb will be fully backed by BlackRock&#8217;s tokenized BUIDL fund, which manages over $522 million in assets, ensuring its collateralization. There are plans to list UStb on more centralized exchanges, &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Ethena Labs Introduces UStb Stablecoin Fully Backed by BlackRock\u2019s BUIDL Fund\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/ethena-labs-introduces-ustb-stablecoin-fully-backed-by-blackrocks-buidl-fund\/#more-172239\" aria-label=\"More on Ethena Labs Introduces UStb Stablecoin Fully Backed by BlackRock\u2019s BUIDL Fund\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":172241,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,74],"tags":[5449,4656,5016],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172239"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172239"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172239\/revisions"}],"predecessor-version":[{"id":172242,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172239\/revisions\/172242"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172241"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}