Wednesday, February 19, 2025

Ethena Launches USDtb Stablecoin with Curve Finance Integration

Share

KEY TAKEAWAYS

  • Ethena, in collaboration with Securitize and backed by BlackRock’s BUIDL, launches USDtb, a new stablecoin integrated into Curve Finance.
  • BlackRock’s BUIDL fund, now at $550 million, serves as the primary collateral for USDtb, marking its second major DeFi integration.
  • Curve Finance’s AMM infrastructure supports substantial liquidity, with new pools created for USDtb’s December launch.
  • USDtb aims to attract both institutional and retail users, enhancing Curve’s role in stablecoin liquidity and DeFi markets.

Ethena, in collaboration with Securitize and backed by BlackRock’s BUIDL, has announced the launch of USDtb, a new stablecoin. This stablecoin is set to be integrated into Curve Finance, a leading decentralized exchange for secondary markets. The integration aims to leverage Curve’s trusted infrastructure, enhancing its role as a cornerstone of the DeFi ecosystem and a bridge between Traditional Finance (TradFi) and Decentralized Finance (DeFi).

BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which recently expanded to $550 million, will serve as the primary collateral for Ethena’s USDtb. This marks BUIDL’s second major integration with a DeFi protocol. Securitize, an SEC-registered platform, will manage the tokenization process, ensuring compliance and security.

Curve’s Automated Market Maker (AMM) infrastructure has already attracted substantial liquidity for Ethena’s existing stablecoins. Currently, approximately $196 million of USDe’s and $20 million of sUSDe’s total liquidity reside in Curve pools. Building on this successful collaboration, two new Curve pools have been created for USDtb’s December launch: USDC/USDtb and USDe/USDtb.

USDtb’s backing structure includes several operational features designed to enhance user-friendliness. The stablecoin is positioned to gain traction among both institutional and retail users. Ethena’s collaboration with Curve Finance demonstrates how serious asset issuers can effectively access DeFi markets. Through Curve’s established liquidity infrastructure and its capacity to handle institutional-scale trading volumes, USDtb and its BUIDL backing represent a significant step in Curve’s growing role as a primary venue for stablecoin liquidity.

For more details on this launch, visit the official announcement here.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Sharif
Sharif
Sharif is a seasoned software engineer with a decade of experience in the tech industry, including 8 years in cryptocurrency and blockchain. With deep knowledge of decentralized technologies, Sharif offers insightful analysis and expert commentary on the transformative potential of blockchain. Through CoinsHolder.com, he shares his expertise, making him a respected voice in the cryptocurrency community.

Read more

Related Articles