Ethena to Launch Stablecoin Backed by BlackRock’s Tokenized U.S. Treasuries Fund

Ethena, a prominent player in the stablecoin space, is preparing to launch a new stablecoin called UStb, which will be backed by BlackRock’s tokenized U.S. Treasuries fund, BUIDL. This announcement comes as Ethena’s existing synthetic stablecoin, USDe, continues to grow,...