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Information about "Ethena Labs (USDTb)"
USDtb resembles existing fiat-backed stablecoins like USDC or USDT in that it aims to retain a stable value tied to the US dollar. This stability is achieved through the use of cash or cash-like reserves. Users can freely and unrestrictedly transfer USDtb. The coin boasts impressive scalability due to its use of Blackrock’s BUIDL as the main reserve asset, which constitutes a substantial 90% of the total reserves, marking the largest BUIDL allocation among stablecoins.
USDtb shares characteristics with existing fiat stablecoins such as USDC or USDT, seeking to maintain a stable value pegged to the US dollar by utilizing cash or cash-equivalent reserves. Users are able to transfer USDtb freely and without restriction. USDtb is able to scale without practical constraints given the use of Blackrock’s BUIDL as the primary reserve asset, representing the vast majority (90%) of the overall reserves - the highest BUIDL allocation of any stablecoin.
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