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The new stablecoin USDtb launched by Ethena Labs achieved a TVL of 65.4 million USD on the first day
Odaily Planet Daily News Ethena Labs launched a new type of Stable Coin USDtb, with a TVL of 65.4 million US dollars on the first day. In its announcement on December 16th, Ethena Labs stated: 'Ethena will be able to close the hedge position of USDe and reallocate its supported assets to USDtb to further reduce related risks.' Blockchain R&D company Delphi Labs co-founder José Maria Macedo predicts that USDtb will become the largest decentralized treasury product within a month of its launch. Seraphim Czecker, growth director of Ethena, also suggested that the scale of USDtb could expand to 100 billion dollars. (Cointelegraph) Yesterday, according to official sources, Ethena Labs announced the launch of a new Stable Coin product USDtb supported by BUIDL from BlackRock. USDtb shares the same characteristics as existing stablecoins such as USDC or USDT, using cash or cash equivalents to support it at a 1:1 ratio.