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:白银TD)
-
在1986年的春天,苏联莫斯科大学心理学系的迪米特里·达维多夫发明了杀人游戏,之后科幻作家安德鲁•普洛特金对根据狼人的传说为灵感,对“杀人游戏”的规则做...[详细]
-
海瑶SEO小编想说:从事SEO不断学习的劲头没错,但是需要在学习的过程中有选择的学习,学着辨别理论的对错,就如百家争鸣,你需要择取你需要的部分即可。...[详细]
-
达利欧:美联储处境艰难,不应当降息,警告「不合适的降息」后果
如果说认知是对于事物建立初步的物理印象,那么语言就是对于这个印象的输出,沟通是对于事件的传播,故事是事件的包装和加工,而知识是对前面四者按照一定逻辑综合性的归纳整理、提取、梳理。...[详细]
-
所以,我从用户、商家、商品、营销玩法几个角度思考,我能做什么...[详细]
-
而我们只能在夜深人静的时候痛惜一把。...[详细]
-
他们以创业为由,打着同情牌,获取别人注意。...[详细]
-
但是我相信,市场认为的“漂亮50”中,还是有一些伪龙头企业。...[详细]
-
对于因为没有流通股而沦落为“僵尸”的企业,除了要关注它的限售股解禁时间或者融资信息之外,还要关注它是否有做市意愿。...[详细]
-
一个企业要做到盈利的话,首先你要抓住客户的付费点在哪里,跟客户一起来分享价值。...[详细]
-
因为毕胜的“实库代销模式”不占有资金,他建立起来的这条供应链得到了资本市场的高度认可。...[详细]