Ethena to Launch Stablecoin Backed by BlackRock’s Tokenized BUIDL Fund

Ethena is preparing to launch a new stablecoin called UStb with Securitize, a real-world asset tokenization platform. Unlike its synthetic dollar stablecoin, USDe, UStb will be backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). The BUIDL fund, tokenized on Ethereum, mainly invests in U.S. dollars, short-term Treasury bills, and repurchase agreements. This backing gives The post Ethena to Launch Stablecoin Backed by BlackRock’s Tokenized BUIDL Fund appeared first on Coin Edition .