Ethena Labs has unveiled its latest product, $USDtb, a stablecoin backed by BlackRock’s BUIDL.
Designed to maintain a 1:1 peg, each $USDtb token is supported by cash or cash-equivalent reserves, ensuring its stability. Users can freely transfer $USDtb tokens without facing any restrictions.
A standout feature of $USDtb is its backing by BlackRock’s BUIDL, which acts as the primary reserve asset for the stablecoin. This innovative structure allows $USDtb to scale efficiently, as BUIDL constitutes 90% of the total reserves, offering a robust foundation for growth.
The $USDtb stablecoin is powered by LayerZero, enabling effortless cross-chain transfers across multiple supported networks. In addition to the Ethereum mainnet, $USDtb will also be available on platforms like Base, Solana, and Arbitrum. The inclusion of Stargate’s bridging capabilities further enhances its interoperability across chains.
In other news, a new address recently opened a position of 3.29 million $ENA, valued at approximately $3.75 million. The $ENA token has been gaining traction, with a significant surge of 24% in the last week. Positive developments for the token include its acquisition by Trump World Liberty and recent business data showing new highs, driving investor confidence.
新地址 0x72F…97e6e 14 小时前首次建仓 329 万枚 $ENA ，价值 375 万美金
ENA 近期利好频频啊，前有特朗普 World Liberty 买入，后有业务数据屡创新高，近七日涨幅 24%📈
钱包地址 https://t.co/uG5SX6vuQe https://t.co/sl0l3mhvTu pic.twitter.com/RRPcgBigCh
— Ai 姨 (@ai_9684xtpa) December 18, 2024
With these advancements, both $USDtb and $ENA are poised for notable growth, offering exciting opportunities for users and investors alike.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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