About USDTB

Ethena Labs introduced USDtb (USDTB), a stablecoin operating on the blockchain, on December 16, 2023. Its primary reserve asset is BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), accounting for 90% of its backing. This strong reliance on BUIDL is intended to give USDtb a distinct risk profile and potentially improved stability compared to competitors like USDT and USDC. Key features of USDtb include: * **Reserves and Backing:** USDtb's value is primarily secured by BlackRock's BUIDL, which holds US dollar-equivalent assets like cash, US Treasuries, and repurchase agreements. This differs from USDT, which holds a mix of assets, and USDC, which focuses on cash and US Treasury securities. * **Transparency and Regulatory Compliance:** BlackRock's involvement in USDtb's back...