Demex Daily #249: Ethena Labs Unveils BlackRock-Backed UStb Stablecoin for Risk Management and Exchange Expansion
What’s Interesting Today:
Ethena Labs has announced a new stablecoin, UStb, which will be fully backed by BlackRock’s BUIDL in partnership with Securitize. UStb will function like a traditional stablecoin, existing separately from Ethena’s USDe to offer a different risk profile. USDe has not faced negative funding