• 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

Solana's Quantum Readiness Strategy Under Scrutiny

chest

Solana's quantum readiness strategy is under scrutiny following Anatoly Yakovenko's comments on the need for a multi-scheme approach to enhance security against AI threats.

user avatarLeo van der Veen

South Korean Exchanges Win Temporary Relief from Regulatory Sanctions

chest

Three major South Korean crypto exchanges, Upbit, Bithumb, and Coinone, have secured temporary court relief from sanctions related to existing anti-money laundering requirements.

user avatarLi Weicheng

Anatoly Yakovenko Raises Concerns Over AI's Impact on Post-Quantum Cryptography

chest

Solana cofounder Anatoly Yakovenko warns that AI could expose vulnerabilities in post-quantum signature schemes, emphasizing the need for a robust security design.

user avatarMaya Lundqvist

DAXA Challenges New Anti-Money Laundering Regulations in South Korea

chest

DAXA opposes proposed changes to South Korea's anti-money laundering regulations, citing concerns over excessive reporting requirements.

user avatarAisha Farooq

MoneyGram's Stablecoin Service Expands to Colombia and El Salvador

chest

MoneyGram has launched its stablecoin service in Colombia and expanded to El Salvador, providing financial solutions for underserved markets in Latin America.

user avatarTenzin Dorje

Stellar Network Surpasses 1 Billion in Real-World Assets

chest

The Stellar network has crossed the 1 billion mark in real-world assets, indicating significant growth and momentum.

user avatarBayarjavkhlan Ganbaatar

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.