Ethena Labs
Ethena Labs
USDT-0.34%
USDC-0.01%
We're excited to be launching the USDtb Liquidity smart contract in collaboration with @Securitize and BlackRock BUIDL This product makes USDtb the stablecoin liquidity pair for all BUIDL users to atomically swap BUIDL for USDtb instantly onchain 24/7/365
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Securitize
Securitize
BUIDL now has 24/7 on-chain liquidity via @ethena_labs We’ve partnered with Ethena to enable atomic swaps from BlackRock’s BUIDL to USDtb—unlocking new composability, liquidity, and accessibility for the world’s largest tokenized Treasury fund. Here’s what it means 🧵👇
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The USDtb Liquidity Fund unlocks existing BUIDL holders to enter Ethena's DeFi ecosystem via USDtb USDtb is one of the fastest-growing dollar assets in crypto outside of USDe, and the second-largest RWA asset behind only BlackRock's BUIDL USDtb has been integrated as collateral across @Bybit_Official, @aave and @eulerfinance as of recently, with other integrations into other top protocols and exchanges to follow
USDtb is already freely transferable by all parties, and is currently available as rewarding margin collateral on Bybit at a 5% margin haircut. USDtb allows users to earn rewards from third-party ecosystem partners on their underlying collateral balance even while they trade on CEXs. USDtb is also mintable and redeemable 24/7/365 by whitelisted parties for USDC, BUIDL, and USDT, depending on asset availability. A direct line of interoperability between USDtb and BUIDL will allow more institutional holders to take advantage of USDtb's integrations & composability.
We're excited to be deepening our collaboration with @Securitize by continuing to build on top of BlackRock BUIDL to create better user experiences for both products.
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