Ethena Collaborates with BlackRock to Launch New UStb Stablecoin Backed by US Treasury Bonds

COINOTAG news reported on September 26 that Ethena has formed a strategic partnership with Securitize and BlackRock to roll out a pioneering stablecoin named UStb. This stablecoin will be underpinned by BlackRock’s tokenized US Treasury bond fund, designated as BUIDL. UStb is intended to independently offer varied risk characteristics distinct from its counterpart, USDe. During unfavorable market scenarios, UStb will provide essential support to help USDe mitigate risks. Ethena has plans to leverage UStb as margin collateral for its associated centralized exchanges (CEXs), with forthcoming details on the release timeline and integration with trading platforms set to be disclosed soon.