Reserves for UStb will be invested in BUIDL, which in turn holds U.S. dollars, U.S. Treasury bills, and repurchase agreements.

Ethena Labs launches UStb, a stablecoin backed by BlackRock's BUIDL fund, aiming to provide a reliable alternative in the stablecoin market.

Ethena Labs, the developer of the decentralized stablecoin protocol Ethena, is working on a new stablecoin backed by a tokenized fund by a major Bitcoin (BTC) investor, BlackRock. Ethena Labs took to X on Sept.

Ethena has announced plans to introduce a new stablecoin, UStb, which will be backed by BlackRock's tokenized U.S. Treasuries fund, known as BUIDL.

Ethena Labs announced on X on September 26 its newest product offering, UStb. The company revealed that UStb would be backed up by BlackRock BUIDL. Ethena Labs also revealed that BlackRock would partner with Securitize to enable a separate fiat stablecoin.

Ethena Labs will launch a new UStb stablecoin in partnership with Securitize, the real-world asset tokenization platform.

Ethena Labs launches UStb stablecoin, backed by BlackRock's fund, offering unique risk profiles alongside existing USDe

Ethena (ENA) has announced a new stablecoin dubbed UStb, which is to be launched in collaboration with Securitize. Securitize is the real-world asset tokenization platform for the BlackRock USD Institutional Digital Liquidity Fund,