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:市场数据)
-
微医董事长兼CEO廖杰远表示,从医疗服务方的接入来看,已经初具规模,今年的主要目标就是对接更多支付方,与各地医保与各个商保公司进行深度合作。...[详细]
-
因为搜索引擎喜欢新的内容,这样做对提升网站整体排名有很大的帮助。...[详细]
-
3.天时地利,借力地铁引爆话题关注 地铁本身就是人流量相对集中和密集的城市基础设施,自带高爆性和话题性。...[详细]
-
直观型标题一般比较适合产品类、技术类、实践类文章用,文中的专业术语可以提高被搜索机率。...[详细]
-
” 2014年9一月,礼物说上线,最初是一款基于送礼场景而构建的导购应用。...[详细]
-
假设一家新三板公司也想要坐庄,很快它就会发现一个致命的问题,根本没有流动性(韭菜)。...[详细]
-
此后,深创投、常州红土创投、蚂蚁金服全资控股的上海云鑫于2014年先后入股。...[详细]
-
加密早报:以太坊基金会资金储备充足可维持 10 年,Bybit 将上线 Catizen
而恰恰是消费者心理的这种不成熟状态为企业实施各种营销策略尤其是“饥饿营销”策略提供了条件。...[详细]
-
客单价略高,菜品口味一般 雕爷牛腩客单价区间在150到200元之间,这个价位其实属于中档餐饮的价格了,但是雕爷牛腩的口味对比同类竞品并没有十分鲜明的特色,这就导致消费者期望过高,与实际体验形成落...[详细]
-
优秀文章坤鹏论将在今日头条、微信公众号、搜狐自媒体、官网等多个渠道发布,注明作者,提高你的知名度。...[详细]