Blackrock Joins Race to Issue New Stablecoin

Blackrock has announced its backing of a caller stablecoin, UStb, launched by Ethena Labs. Supported by Blackrock’s BUIDL fund, UStb is designed to supply a reliable alternate successful the stablecoin market, leveraging investments successful U.S. dollars, short-term Treasury bills, and repurchase agreements. Ethena Labs has partnered with Securitize to facilitate the launch, aiming to heighten […]