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Blackrock Joins Race to Issue New Stablecoin

Moussa by Moussa
September 27, 2024
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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 […]



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