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：黄金TD)

• ·日本企业预警：美国关税或致280亿美元巨额损失
• ·OKX交易所官网_欧意下载地址
• ·澳洲联储降息25个基点，就特朗普贸易战发出严厉警告
• ·10月31日嘉实回报精选股票净值下跌0.44%，近1个月累计下跌5.86%
• ·贵州属于什么什么热带-贵州属于什么什么热带地区
• ·王府井(600859.SH)已耗资8166.92万元回购610.50万股
• ·火币朱嘉伟
• ·农商银行电话多少
• ·个人所得税可以异地申报吗
• ·新天然气接待60家机构调研，包括鹏华基金、国泰基金、汇添富基金等
• ·社保当月交当月的要如何计提
• ·华力创通收盘跌0.39%，主力资金净流出8076.23万元
• ·21Shares 预测供应紧缩将推动比特币价格升至 13.8 万美元
• ·上海石油化工股份(00338.HK)10月31日耗资81.29万港元回购67.8万股
• ·火币的etc
• ·全面了解欧意/欧亿app下载官方网站及操作指南