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)
-
这个名词的细节所透露出的讯息,给了真格的伙伴们又一次肯定——那是一个我们反复强调、又不断被印证的重要逻辑——内容文化产业无论是危机和机会,它的核心始终关...[详细]
-
风光的风光,颓败的颓败 一边对低俗无下限不屑一顾,一边看着刻意摆拍的搞笑视频停不下来,大多数人在这种自我矛盾中贡献着自己的观看量,部分人按耐不住要去平台上刷脸求关注求金钱,还有少数自诩互联网精英...[详细]
-
36氪如果做内容付费是有价值的,这个不是说请投资人去分享这一年的投资心得,这不是最有价值的。...[详细]
-
但3·15调查发现,互动百科上有些词条很奇怪。...[详细]
-
前有因互联网思维而生,又因互联网思维而死的黄太吉们,后有一边“永远年轻、永远热泪盈眶”,一边在某宝买着廉价流量的自媒体老师们。...[详细]
-
在“寒冬”里,永远都有一批优秀的公司逆势而行,展示出成为巨头的潜质。...[详细]
-
“不是我没有考虑过盈亏,而是在做之前,根本不知道盈亏比到底会是什么样。...[详细]
-
请问大连市住房公积金贷款申请条件有哪些?今年想在大连市买房。
类似的情况还有奥康,奥康的老总从来没听说过乐淘,但是因为在百度投过广告,知道毕胜,算是给朋友面子,拿出了8000双,放到了乐淘仓库里。...[详细]
-
”博慕传媒首席内容官王冲说,这是博慕传媒最初为大胃王甄能吃想的slogan,也是他们对于吃播的理解。...[详细]
-
一天如果有50单,就可以赚到1500块。...[详细]