Summary
- Etena Labs announced the launch of USDtb, investing 90% of its reserves in the BlackRock BUIDL fund.
- USDtb is expected to be used as collateral for USDe.
- Copper, Zodia, etc., will handle custody, with major liquidity providers participating.
Stablecoin issuer Etena (ENA) announced the launch of the stablecoin USDtb.
On the 16th, Etena Labs stated through its official channel, "We are launching a new stablecoin product, USDtb," adding, "USDtb will invest its reserves in BlackRock's tokenized securities fund, BUIDL. 90% of the total reserves will be allocated to the BUIDL fund." Additionally, USDtb is expected to be used as collateral for USDe.
Etena Labs added, "USDtb will be custodied by Copper, Zodia, Komainu, and Coinbase Web3 Wallet, with Jump, Cumberland, Amber, GSR, and SCB participating as liquidity providers."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
