Ethena Labs has launched a new stablecoin, USDtb, which reached a total value locked (TVL) of 65.4 million US dollars on its first day
The stablecoin protocol Ethena Labs launched a new type of stablecoin, USDtb, which reached a total value locked (TVL) of 65.4 million US dollars on its first day. In an announcement on December 16th, Ethena Labs stated: "Ethena can close the hedging position of USDe and redistribute its supporting assets to USDtb to further reduce related risks."
José Maria Macedo, one of the founders of blockchain development company Delphi Labs, predicts that USDtb will become the largest tokenized treasury product within a month after its launch. Seraphim Czecker, Director of Growth at Ethena, said that the scale of USDtb could potentially expand to 100 billion US dollars.
In previous news according to official information, Ethena Labs announced the launch of a new stablecoin product supported by BlackRock BUIDL called USDtb. The characteristics of USDtb are similar to existing fiat stablecoins such as USDC or USDT; it is backed by cash or cash equivalents in a 1:1 ratio.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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