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：财富观察)

• ·深脑链价格-深脑链价格走势图
• ·10月31日招商瑞德一年持有期混合C净值下跌0.14%，近1个月累计上涨0.97%
• ·加密货币交易员称以太坊即将迎来重大变革——以下是他的目标
• ·10月31日凯石澜龙头经济一年持有混合净值下跌0.34%，近1个月累计上涨4.33%
• ·借《Bombie》聊炒 Meme 成瘾背后的行为心理学
• ·东晶电子收盘涨10.03%，主力资金净流入8966.95万元
• ·比特币长期持有者开始抛售吗？
• ·探索数字货币交易新篇章，OKX欧易下载与注册指南
• ·ckB币最新价格-CKB币最新价格
• ·hopoo交易-讨论Hopoo交易平台的特点
• ·韩国 KBW 会后指南：从交易所到 KOL，一文掌握关键玩家
• ·10月31日中欧医疗健康混合C净值下跌0.69%，今年来累计下跌13.36%
• ·加密早报：以太坊基金会资金储备充足可维持 10 年，Bybit 将上线 Catizen
• ·10月31日鹏华远见精选混合发起式C净值增长1.91%，近3个月累计上涨9.65%
• ·股票账户测评-股票账户测评 积极型
• ·斯里兰卡气候怎么样-斯里兰卡气候怎么样三月份