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：时讯)

• ·火币实名认证
• ·litecoin行情
• ·Vitalik 2049 演讲全文：以太坊需要在满足需求的同时，保持开源和去中心化的价值观
• ·币圈十大交易所排行榜 币圈排名前10名的交易所
• ·哈格蒂参议员称，这些加密货币实体将成为世界上最大的美国国债持有者
• ·Coinbas首席执行官：Rippl裁决和加密TF给立法者带来了很大的紧迫感
• ·如果钱有路逾期还款会怎么样呢？有人知道吗？
• ·利税总额怎么计算
• ·挖矿是什么东西 虚拟挖矿是什么东西
• ·建行龙卡家庭挚爱信用卡额度多少啊？怎么提额？
• ·bitmax平台币价格-bitso平台币
• ·美国现货比特币 ETF 期权批准可能导致“监管头痛”
• ·PolyFlow Research: 4 月 PayFi 行业全景分析报告
• ·垃圾币交易所教程-垃圾币团交易所
• ·云币和火币
• ·错过了英伟达，不要再错过 Crypto AI