• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

BlackRock and Ethena Labs Unveil a New Stablecoin Backed by Tokenized Bonds

user avatar

by Giorgi Kostiuk

a year ago

Interest in cryptocurrencies remains strong among institutional players. BlackRock and Ethena Labs have announced the launch of the USDtb stablecoin, uniquely backed by tokenized bonds called BUILD.

BlackRock's Interest in Cryptocurrencies

As the world's largest asset manager, BlackRock oversees more than $10 trillion in assets. The firm shows its interest in cryptocurrencies through its involvement in issuing one of the largest tokenized bonds, BUILD.

USDtb Stablecoin Launch

Ethena Labs announced the launch of the USDtb stablecoin, backed by BUILD, in collaboration with Securitize. Like stablecoins USDC and USDT, USDtb is pegged to the dollar at a 1:1 ratio, with 90% of its reserves held in BUILD.

The core USDtb smart contracts have undergone three full audits by leading auditors Pashov, Quantstamp, and Cyfrin, with no high or medium findings, and a community-focused audit by Code4rena also showed no high or medium findings.None

Market Reaction to ENA Coin Launch

Following the announcement, the price of ENA Coin experienced an increase of nearly 4%, indicating a positive market response to the new stablecoin launch.

The launch of the USDtb stablecoin backed by BlackRock highlights the ongoing interest of major players in the cryptocurrency market, enhancing its growth and development.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Coinbase Commerce Hack Resurfaces After Two Years

chest

The attacker linked to the Coinbase Commerce hack has resumed activity, moving stolen funds into Tornado Cash after nearly two years of inactivity.

user avatarKofi Adjeman

YouTubers Demand Damages and Injunction Against Snap Inc in Copyright Case

chest

YouTubers are seeking statutory damages and a permanent injunction against Snap Inc for alleged copyright infringement, aiming to prevent the company from using their content for AI training.

user avatarJesper Sørensen

BMIC Focuses on Quantum-Resistant Security in Presale

chest

BMIC is positioning itself as a defensive infrastructure play with a focus on long-term security, emphasizing the protection of wallets against future cryptographic threats.

user avatarLucas Weissmann

Snap Inc Accused of Bypassing YouTube Protections in AI Training Lawsuit

chest

YouTubers accuse Snap Inc of bypassing YouTube protections for AI training, raising ethical questions about data acquisition.

user avatarSatoshi Nakamura

YouTubers Take Legal Action Against Snap Inc Over Copyright Issues

chest

A group of prominent YouTubers has filed a class action lawsuit against Snap Inc, claiming that the company used their video content without permission to train its AI models.

user avatarRajesh Kumar

AgoraLend Expands DeFi Access with Permissionless Lending

chest

AgoraLend is making waves in the presale crypto discussions with its permissionless lending model, aiming to unlock liquidity for a broader range of ERC20 assets.

user avatarFilippo Romano

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.