USDtb price

Hey, what stablecoins does RedStone support? Only: $USDT $BUIDL $USDC $sUSDe $SUDSz $sfrxUSD $gmdUSDC $sUSDX $USDe $wUSDM $sUSDs $USD3 $sdeUSD $tacUSD $GUSD $frxUSD $USD1 $USD+ $scUSD $deUSD $USDtb $USDP $USDD $eUSD $crvUSD $USDX $fxUSD $aUSD $MUSD $ALUSD $USDB $LUSD $TUSD $DOLA $OUSD $USDM $CUSD $DAI $sDAI $USR

BUIDL surges to $2.8 billion, BlackRock turns tokenized U.S. Treasuries into a mainstream cash tool The BUIDL fund launched by BlackRock has skyrocketed by nearly $1 billion in just three months, capturing almost half of the growth in the entire tokenized U.S. Treasury market, now reaching a total size of $2.89 billion. It is not only the world's largest tokenized currency fund but also a flagship representative of the entire RWA market, accounting for 40% of the $7.3 billion market with just this one fund. Ethena Labs has stopped using BUIDL as a source of asset backing for USDtb, as USDtb has been the main driver of BUIDL's growth this year, accounting for 90% of past capital inflows. The current influx of funds is purely driven by demand without the support of stablecoins. Without Ethena's support, BUIDL has still managed to grow by 35% in three months, with demand for the on-chain version of "regulated, high-yield dollar assets" increasing rather than decreasing. RWA is no longer just a "conceptual topic"; the tokenization of U.S. Treasuries is experiencing explosive growth. From March to June, not only did BUIDL grow, but the entire RWA market increased by nearly $5 billion, with almost half of that being the tokenization of U.S. Treasuries. BUIDL broke through the $1 billion mark last March, taking a year, but this time it took less than 90 days to go from $1 billion to $3 billion. In addition to the increase, it can also continue to distribute dividends, achieving a new high in dividends for three consecutive months. BUIDL's monthly dividends have set new records for three months in a row, soaring from $4.17 million in March to over $10 million in May, with total dividends exceeding $43 million. This should be one of the very few on-chain tools that can provide stable cash flow returns outside of the USDC stablecoin, serving as a cash pool or a foundational safety anchor for on-chain assets.

Ethena is goated fr. Tokenizing the basis trade was attempted before Ethena but none were as well executed.

I Don’t Think You Understand How Great Ethena Is Anyone can replicate delta-hedging at a small scale. Scaling to $5B and rebalancing collateral across multiple venues 24/7 is another universe; yet just 26 people (@gdog97_, @ConorRyder, @sshxbt, @n2ckchong, @lingchenjaneliu among them) keep USDe’s peg rock-solid every single day. That’s insane. Analytics, automation, and credit lines all balloon with size, making it nearly impossible to match Ethena overnight. Instead of parked dollars, Ethena holds ETH, BTC, SOL, LSDs, USDtb and shorts the same stack on Binance, OKX, Bybit (Hyperliquid probs next). Price zigs, hedge zags, net $1. When perps lean long, shorts collect funding; add staking rewards and USDe pays double-digit APY with zero printed subsidies. If funding turns negative, hedges shrink while reserve + staking carry the yield. Ethena’s edge is less about clever hedging math and more about what can’t be forked: - Institutional rails: You only run multi-billion shorts at Binance, OKX, Bybit if you’ve cleared the legal, credit-line, and custody gauntlet. - 24/7 risk desk: Bots rebalance exposure across venues in milliseconds; assets live with Copper/Fireblocks, not in hot wallets. One exchange hiccups, collateral evacuates before X notices. - Elastic yield. When perp funding is positive, USDe pays double-digit APY. If funding flips negative, Ethena dials hedges down, leans on staking, and taps its reserve. Execution, not the idea, is the moat. Next stop: $25 B float. iUSDe will wrap the same engine in compliance for funds and corporates. Telegram onboarding + the Converge chain pull in retail and TradFi simultaneously, a flywheel of liquidity → stability → yield. Ethena turns volatility into cash flow and does it calmly. If USDe scales like T-bills did in TradFi, we’re only in inning one.