BlackRock 'BUIDL' supports atomic swaps with USDtb..."Diversifying collateral options"
Summary
- It has been announced that atomic swaps are now available between BlackRock's tokenized fund 'BUIDL' and Ethena Labs' synthetic stablecoin 'USDtb'.
- Securitize announced that, through the USDtb liquidity fund, qualified participants can now freely swap USDtb and BUIDL daily.
- Deribit has begun supporting this feature to provide users with more collateral options.
Atomic swaps between BlackRock's tokenized fund 'BUIDL' and Ethena Labs' synthetic stablecoin 'USDtb' have become possible. An atomic swap is a method of swapping tokens directly and simultaneously on-chain without a centralized exchange.
On the 19th (local time), the digital asset (cryptocurrency) tokenization and distribution platform Securitize announced on X, "We have partnered with Ethena Labs to develop a 24/7 swap feature" and stated, "Qualified participants can now freely swap USDtb and BUIDL daily through the USDtb liquidity fund."
The cryptocurrency options exchange Deribit is also supporting this feature. Luuk Strijers, the Chief Commercial Officer (CCO) of Deribit, said, "This collaboration marks a significant advancement in the digital asset derivatives market," and added, "We aim to provide users with more diverse collateral options through this."
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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