Ethena announced that it will soon launch a new stablecoin, which will be linked to BlackRock’s tokenized fund.
The project Ethenaproject based on Blockchain for the issuance of tokens, announced that it will soon launch a new stablecoin.
From Ethena they explained: “USDtb offers a completely differentiated risk profile compared to USDe, Ethena’s flagship synthetic dollar offering, with a dollar peg backed by reserve assets equivalent to the dollar value of each USDtb issued”.
USDtb will function much more similarly to other traditional stablecoins, such as USDC and USDT, which are based its parity with the US dollar based on cash reserves and equivalent assets.
Reserves will come from 90% of BlackRock’s BUIDL and the rest is distributed among other stablecoins, US Treasury bonds and other assets.
Regarding the stablecoin it will also be launched in alliance with Securitizealso responsible for BlackRock’s BUIDL fund, so they will possibly have similar technical specifications.
It should be noted that, until now, USD Coin (USDC) It is classified as the most secure stablecoin due to its rigorous regulatory compliance in both the United States and Europe.
Known as a fiat-backed stablecoin, USDC is backed by high-quality reserves and transparent, monthly attestations. Each USDC is 100% backed by cash and short-term US Treasuries held in regulated US financial institutions.
Paolo Ardoino He is the CEO of the stablecoin company Tether, valued at $114 billion.
Source: Ambito
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