TechFlow news: Ethena has announced plans to launch a new stablecoin, UStb, with its reserves invested in BlackRock's dollar-denominated institutional digital liquidity fund (BUIDL).
UStb will be an independent product offering different risk characteristics from USDe. Under adverse market conditions, UStb could help mitigate risks for USDe. Ethena plans to use UStb as margin collateral on partnered centralized exchanges such as Bybit and Bitget. Specific release dates and details regarding exchange integration will be announced in the coming weeks.
BUIDL is BlackRock's first tokenized asset fund, tokenized by Securitize.




