Ethena will collaborate with Securitize and BlackRock to launch a new stablecoin UStb
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:要闻)
- 火币网止损
- 加密市场领涨者:ETH、BNB、SOL和TON展现强劲动能
- 亚洲缺少什么什么气候
- 摩根大通CEO警告经济衰退概率达50%
- 天莱特币软件下载-ltc莱特币下载
- The net inflow of US Bitcoin spot ETF reached 870 million US dollars yesterday, setting a record for the third highest in history
- 从披萨交易到全球资产:回顾比特币崛起历程中的27位重要推手
- Meme界的“链上小币安”Moonshot,新用户群体的集散地
- 年终奖计提与实发的差异如何处理
- Builder 再出发!锚定 Telegram 生态,OKX Web3 又放大招?
- 火币网区块链
- 当虚拟货币穿越丝绸之路
- 平安基金股票
- 稳定币法案 GENIUS Act 投票通过,哪些加密资产会因此受益?
- LRT 之争:在剧烈波动中赚取 AVS 奖励
- qtum币交易平台
- 年终奖并入综合所得怎么申报
- 普通电脑怎么挖以太坊 电脑怎么挖以太坊教程
- 请问360借条的利息和银行相比怎么样?
- AI 进军 Meme 大竞赛:从玩梗到创造价值,一场关于效用与乐趣的较量
- oe交易所app下载 views+
- 易欧app官网下载 views+
- 欧易最新版本 views+
- 欧易正规 views+
- 欧亿app官网正式版下载 views+
- ok币 views+
- okx交易所app官网链接 views+
- okcoin下载官方app views+
- 0kx交易所官网 views+