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:新股)
- ·PEPE突破牛旗形态在即,持仓量飙升至5.27亿美元,接近历史新高
- ·Whiteheart (WHITE) 购买与交易指南
- ·火币网充值转账
- ·火币网怎么充值
- ·美12州起诉特朗普 “解放日” 关税:越权滥用紧急权力
- ·ada币今日行情
- ·什么是计划成本法
- ·一文读懂鲍威尔重磅鹰派记者会的问答要点
- ·火币杜均
- ·第二次公积金贷款的利率是多少?不是很了解。
- ·气候与什么什么有关-气候与什么什么有关英语
- ·滨州公积金贷款的条件是什么,我打算定居在滨州市
- ·什么蜡烛对应什么星期
- ·怎样买新股票-怎样买新股票上市
- ·OKX Token2049速遞:首席行銷官Haider揭秘OKX錢包全新陞級的五個關鍵細節
- ·贷上钱利息是多少?利息是怎么计算的?
- · okcoin交易平台
- · okx网页版
- · 数字货币交易所
- · 亿欧app下载
- · 虚拟货币交易
- · 欧易app官方下载入口
- · okx官方
- · 虚拟货币交易平台排名
- · 数字货币交易平台app
- · 欧易交易所 电脑