Blackrock Joins Race to Issue New Stablecoin

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Blackrock Joins Race to Issue New StablecoinBlackrock has announced its backing of a new stablecoin, UStb, launched by Ethena Labs. Supported by Blackrock’s BUIDL fund, UStb is designed to provide a reliable alternative in the stablecoin market, leveraging investments in U.S. dollars, short-term Treasury bills, and repurchase agreements. Ethena Labs has partnered with Securitize to facilitate the launch, aiming to enhance […]

Source: Bitcoin News

#NewsBytes, #Blackrock, #BlackrockBUIDL, #EthenaLabs, #NewsBytes5, #Stablecoin

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