Securitize and Ethena Labs Launch BlackRock-Backed USDtb
Ethena Labs launches USDtb, a BlackRock-backed stablecoin, bringing innovation and stability to the DeFi ecosystem
Highlights:
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Ethena Labs and Securitize launch USDtb, a stablecoin backed by BlackRock’s BUIDL fund.
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USDtb offers unmatched scalability and security, outpacing traditional stablecoins like USDC and USDT.
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Ethena plans to use USDtb as collateral on exchanges and for Spark’s $1B Tokenization Grand Prix.

Ethena Labs is making strides in the stablecoin world with the launch of USDtb, an innovative digital asset. This stablecoin, launched in partnership with Securitize, is backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).
What Makes USDtb Unique?
USDtb works like other stablecoins such as USDC and USDT, which are backed 1:1 by cash or similar assets. However, the real difference lies in its reserve structure. USDtb is mainly supported by BlackRock’s BUIDL fund, covering 90% of the reserves.
With BlackRock’s BUIDL fund providing security, USDtb is one of the safest and most scalable stablecoins. The unique reserve structure introduces a new risk profile that offers more control and flexibility.
Additionally, USDtb plays a critical role in supporting the stability of USDe, particularly during market downturns. Ethena Labs’ Risk Committee has approved using USDtb to bolster USDe when funding rates go negative.
USDtb’s Expanding Role in the Digital Economy
USDtb goes beyond being just another stablecoin. Ethena plans to use it as collateral on centralized exchanges, offering traders a secure, scalable option for diversifying their assets.
Ethena has ensured the stablecoin’s security through thorough audits by leading firms like Pashov, Quantstamp, and Cyfrin. All audits returned no significant issues, confirming USDtb’s reliability.
Ethena has also partnered with Derive.xyz, a top on-chain derivatives platform, to enhance liquidity across both platforms. With these strong partnerships and its robust structure, USDtb is poised to become a cornerstone in the growing DeFi space.
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