Ethena Labs has unveiled a new USD stablecoin backed mainly by BlackRock’s BUIDL token. This tokenized US treasury fund forms 90% of USDtb’s reserves, with USDC making up the remaining 10%1. Pallas, a BVI-based entity, issues USDtb, while Ethena Labs provides services. Since its debut, USDtb has impressively grown to $80 billion1. This innovative offering […]
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