Loading...
Market
Where will Ethena Labs rank among stablecoin providers by end of 2024?
2
Resolution / Starting Odds
Top 3 • 25%
Top 5 • 25%
Top 10 • 25%
Outside Top 10 • 25%
Ranking data from reputable cryptocurrency tracking websites like CoinMarketCap or CoinGecko
Story
Ethena Labs Launches Stablecoin UStb Backed by BlackRock's BUIDL Fund and Securitize with 10% APY
Sep 26, 2024, 11:21 AM
Ethena Labs has announced the launch of a new stablecoin called UStb, which will be fully backed by BlackRock's tokenized USD Institutional Digital Liquidity Fund (BUIDL). The stablecoin is developed in partnership with Securitize. UStb aims to offer a unique risk profile and is designed to complement Ethena's existing stablecoin, USDe. Ethena's new product entry into the Real World Assets (RWA) business is seen as a significant development, with the potential to make Ethena the largest liquidity provider for BlackRock's fund. The annual percentage yield (APY) for UStb is expected to be around 10%, subject to governance. Ethena, a synthetic dollar protocol on Ethereum, can close hedging positions and re-allocate those backing assets to UStb. Following the announcement, Ethena Labs saw a 14% jump.
View original story
Similar markets
Top 5 • 25%
Top 10 • 25%
Top 20 • 25%
Below Top 20 • 25%
Yes • 50%
No • 50%
Top 3 • 25%
Top 5 • 25%
Top 10 • 25%
Below Top 10 • 25%
Less than $500 million • 25%
$500 million to $1 billion • 25%
$1 billion to $2 billion • 25%
More than $2 billion • 25%
USDG • 25%
Tether (USDT) • 25%
USDC • 25%
DAI • 25%
Yes • 50%
No • 50%
Top 5 • 33%
Top 10 • 33%
Outside Top 10 • 33%
1st • 25%
2nd • 25%
3rd • 25%
4th or lower • 25%
Tether • 25%
Circle (USDC) • 25%
Binance USD (BUSD) • 25%
Other • 25%
Tether • 25%
USD Coin • 25%
Binance USD • 25%
Other • 25%
Top 5 stablecoins • 33%
Top 6-10 stablecoins • 33%
Outside top 10 stablecoins • 33%