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:商业)
-
无奈之下,他们只能跑到贴吧、微博、知乎发帖,并通过QQ和微信把大家聚集起来。...[详细]
-
在2C这一块,找机会继续留人搭建队伍,把产品干起来基本上是可以的,相对于2B要简单很多。...[详细]
-
2012年,当我们决定投资依图科技时,虽然人工智能在安防领域的商业化面临巨大挑战,但是我们知道,创始人朱珑和林晨曦不仅是这个领域顶尖的天才科学家,还是高中同学,彼此搭配无间(同花又连张啊)。...[详细]
-
同时在国家“双创”的大势下,政府要力推孵化器模式,于是从首都北京到偏远县城,全国各地立马涌现出3000多家孵化器。...[详细]
-
狗狗币 (Dogecoin) 跟随 WIF、FARTCOIN,关注 Solana – DOGE 也会爆发吗?
说起喜欢用饥饿营销的品牌,很多伙伴第一想到的就是小米,虽然小米的饥饿营销随着竞品的迭出而大失效果,但依然让人忘不了小米曾经的疯狂。...[详细]
-
所以关键是要做得早,把那1%的意见领袖牢牢抓住,同时还要确保机制公平、上升渠道通畅,让新用户也有机会成长为意见领袖——时间的积累就是护城河。...[详细]
-
一起来看下: 假如,客户想要新增1000个用户,公司就通过CPA的合作模式,给他带去1000个用户。...[详细]
-
彻底关闭或准关闭项目多集中在电子商务、本地生活、社交、企业服务等领域;北上广浙四地成为重灾区,“死亡”项目中处于A轮及A轮前早期的比率高达98.60%。...[详细]
-
2025年内企业比特币购买量205,507枚,超新增供应量3倍
因此,在网站设计过程中就要把握用户心理,进行让患者看到网站之后,就会特别的舒服。...[详细]
-
但是今天说讲述的5个思路是不同的,内容决定设计,留白,故事都和这种填鸭式的广告不是一个路子。...[详细]