Crypto As corporate interest in currencies increases exponentially, we continue to experience firsts one after another. Just now, the ENA team announced the launch of a new stablecoin. What makes this interesting is that it relates to BlackRock. The company’s tokenized bond is used as a reserve asset, which can lead to rapid growth for both the altcoin and the RWA token as it will instill confidence in investors.
BlackRock and ENA Coin
The world’s largest asset manager BlackRock It manages over $10 trillion in assets and is the largest spot Bitcoin $104,723.9 ETFIt is also the issuer of IBIT, which has . One of the largest tokenized bonds called BUILD was issued by BlackRock. The world giant is closely interested in cryptocurrencies.
Today, Ethena Labs announced USDtb, a stablecoin backed by BUILD, a joint token of Securitize and BlackRock, leaders in the tokenization of real-world assets. Similar to stablecoins such as USDC and USDT, this stablecoin has 90% of its reserves pegged to the dollar, backed at a 1:1 ratio. BUILD keeps it as.
“As part of our vision for USDtb, it can serve as an alternative to USDe as margin collateral on the centralized exchanges with which Ethena currently partners, and other exchanges offering similar programs in the future.
Basis USDtb Their smart contracts passed 3 full audits in October by leading auditors Pashov, Quantstamp, and Cyfrin with no high or medium findings, and a community-driven audit by Code4rena with no high or medium findings.”
Following the announcement, ENA Coin price increased by nearly 4 percent.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
