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

Ethena Introduces New Stablecoin Backed by BUIDL

user avatar

by Giorgi Kostiuk

a year ago

Ethena introduces a new stablecoin USDtb, backed by the BUIDL token, to ensure its stability even amidst market volatility.

Keeping Things Stable

The new USDtb token aims to keep its price pegged at $1 by holding 90% of its reserves in BUIDL, a token tied to real-world assets managed by BlackRock. Ethena’s founder, Guy Young, stated that this token offers investors an additional tool, especially in downturns.

We saw an opportunity to offer a new stablecoin with a different level of risk while keeping users within our ecosystem.Guy Young

Why Is This a Big Deal?

Ethena's current flagship token, USDe, functions as a 'synthetic dollar,' but this strategy can become risky under bearish market conditions. In such scenarios, Ethena can redirect resources into USDtb, providing greater stability and protection from losses.

USDtb functions like a traditional stablecoin, utilizing cash and cash-equivalent reserve assets to back each token.None

Ethena’s Rapid Rise

Since its launch in early 2024, Ethena has attracted nearly $6 billion in user funds. The new USDtb token may help Ethena navigate challenges and offer users a safer option. The protocol also received a boost from an investment by World Liberty Financial.

The launch of USDtb will support Ethena through tough times, providing users with stability and security.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

High-Profile Athletes Boost Interest in Prediction Markets

chest

The involvement of high-profile athletes like Tristan Thompson has spurred interest in prediction markets as a viable alternative to traditional sportsbooks.

user avatarSatoshi Nakamura

Tristan Thompson Advocates for Sports Prediction Markets

chest

NBA star Tristan Thompson advocates for the growth of prediction markets in sports, emphasizing their potential to transform betting norms and enhance fan engagement.

user avatarJesper Sørensen

AAVE Price Set to Surge Toward 125 Following Chart Pattern

chest

AAVE shows signs of a potential rally toward the 125 price level as it forms a familiar chart pattern.

user avatarRajesh Kumar

Ethereum Foundation Hosts First App Town Hall to Discuss Future of dApps

chest

The Ethereum Foundation is cohosting the inaugural App Town Hall on November 18, 2025, to discuss future plans and developments in the dApp space.

user avatarLucas Weissmann

AAVE Crypto Price Stabilizes Amid Strong Performance Metrics

chest

The AAVE crypto price has stabilized at a key support region, despite strong performance metrics indicating potential for a significant rally.

user avatarEmily Carter

Nevin Shetty Convicted of Wire Fraud for Misusing $35 Million in Crypto Investments

chest

Former CFO Nevin Shetty was convicted of wire fraud for misappropriating $35 million into risky DeFi investments, leading to significant financial losses.

user avatarTomas Novak

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.