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What will be UStb stablecoin's market share among stablecoins by December 31, 2024?
2
Resolution / Starting Odds
< 1% • 25%
1-5% • 25%
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> 10% • 25%
Market cap data from CoinMarketCap, CoinGecko, etc.
Story
Ethena Labs Launches UStb Stablecoin Backed by BlackRock and Securitize
Sep 26, 2024, 11:04 AM
Ethena Labs has announced the launch of a new stablecoin named UStb, which will be fully backed by BlackRock's tokenized USD Liquidity Fund (BUIDL) in collaboration with Securitize. This new product aims to provide a unique risk profile and complement Ethena's existing stablecoin, USDe, by managing market challenges. UStb will invest its reserves in BlackRock's BUIDL via Securitize, enabling a separate fiat stablecoin product alongside USDe. The introduction of UStb is considered one of the most significant product developments for Ethena to date.
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