Ethena Labs has introduced a new stablecoin, USDtb, backed by BlackRock’s USD Institutional Digital Liquidity Fund. USDtb operates similarly to other popular fiat-backed stablecoins like USD Coin usdc0.06%USDC and Tether usdt0.14%Tether, with reserves held in cash or cash-equivalent assets at a 1:1 ratio. Unlike most stablecoins, USDtb distinguishes itself by allocating 90% of its reserves to BlackRock’s BUIDL fund. This…
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Ethena Labs has partnered with crypto exchange Bybit to introduce its synthetic stablecoin USDe as a collateral asset for perpetual futures trading on Bybit’s Universal Trading Account. The collaboration, as detailed in a recent press release, will enable users to leverage USDe for trading while potentially unlocking new avenues for yield generation and enhanced capital efficiency.…
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