JAKARTA - The Ethena coin developer (ENA), namely Ethena Labs, officially launched a new stablecoin called USDtb. This stablecoin is designed to address issues related to risks and scalibitlicity that often occur in the crypto market. Different from other stablecoins, USDtb is supported by BlackRock's BUIDL tokenization money market fund, which cooperates with Security.
USDtb serves like other popular fiat stablecoins, USDT and USDC, which maintain a 1:1 exchange rate with the US dollar. However, USDtb reserves have an advantage, with 90% of its assets coming from the BlackRock BUIDL fund. This strategy allows USDtb to grow without any problems with liquidity, especially when the market is facing pressure.
According to Guy Young, founder of Ethena Labs, the launch of USDtb aims to provide a stable alternative for users without leaving the Ethena ecosystem. We see the need for stablecoins that offer different but still reliable risk profiles in our ecosystem," he explained.
また読む:
-
| TEKNOLOGI
Analis Kripto Sebut XRP Berpotensi Punya Kapitalisasi Pasar Sebesar Rp16.000 Triliun
16 Desember 2024, 13:07
USDtb also plays an important role in the Ethena ecosystem. This stablecoin is used as a supporting asset for another Ethena token, USDe, especially when the market is sluggish. Using USDtb, Ethena hopes to maintain investment revenue stability and reduce the risk arising from the derivative market.
To increase adoption, Ethena also proposed an allocation of US$1 billion (Rp16 trillion) from the Spark's Tokenization Grand Prix program. The fund will help accelerate the integration of real-world assets into the DeFi ecosystem, strengthening Ethena's position as the leader of innovation in the sector.
Security is a top priority in the launch of USDtb. This smart contract stablecoin has undergone three security audits of Pashov, Quantstamp, and Cyfrin without worrying findings. In addition, additional audits by the Code4rena community also ensure there is no significant vulnerability.
USDTb is also designed to be used across blockchain networks such as Ethereum, Base, Solana, and Arbitrum. With LayerZero technology and Stargate bridges, this stablecoin makes it easier for users to transact on various platforms.
Ethena Labs has partnered with major partners such as Jump, Cumberland, and Coinbase Web3 Wallet to ensure user liquidity support and trust in USDtb. This launch is expected to strengthen Ethena's position in the DeFi world.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
