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：私募资讯)

• ·公积金贷款选择哪个银行好呢？需要考虑哪些方面？
• ·硬币怎么放钱包
• ·农业公司土地流转怎么做会计分录
• ·探讨反女巫机制的意义与解析
• ·宜人贷极速模式借款成功后钱在哪？不是很清楚。
• ·火币怎么充值
• ·我国什么复杂气候什么
• ·红废发票核销操作流程是什么
• ·SEC指控Unicoin及其高管涉嫌1.1亿美元加密货币欺诈
• ·Arthur Hayes：加密货币市场将因 MOVE 指数和特朗普政策而“爆发”
• ·火币bcc交易
• ·蚂蚁币挖矿软件下载
• ·71%的投资者预测：比特币能否在5月底重回历史高点？
• ·链游的兴衰：从资本追捧到行业洗牌的必然之路
• ·比太钱包冷钱包
• ·怎么组装挖币矿机