TechFlow news, December 16 — According to an official announcement, Ethena Labs has launched a new stablecoin product, USDtb, backed by BlackRock's Dollar Institutional Digital Liquidity Fund (BUIDL), which manages over $500 million worth of U.S. Treasury bills.
USDtb shares the same characteristics as existing fiat-backed stablecoins such as USDC or USDT, with each token fully backed 1:1 by cash or cash-equivalent reserves. Users can freely and without restriction transfer USDtb. Additionally, BUIDL will constitute more than 90% of USDtb’s total reserves—the highest allocation of BUIDL among all stablecoin issuers. The remaining 10% will be held in stablecoins or regulated, institution-grade tokenized U.S. Treasury products to facilitate redemptions.
