June 6, 2025

Ethena Labs launches new stablecoin product, UStb, backed by Blackrock’s BUIDL

1 min read

Ethena Labs announced on X on September 26 its newest product offering, UStb. The company revealed that UStb would be backed up by BlackRock BUIDL. Ethena Labs also revealed that BlackRock would partner with Securitize to enable a separate fiat stablecoin.

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Source: Cryptopolitan

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