The protocol's governance token ENA rallied over the weekend as Donald Trump-affiliated World Liberty Financial invested in the token.
The protocol's governance token ENA rallied over the weekend as Donald Trump-affiliated World Liberty Financial invested in the token.The $6 billion DeFi protocol Ethena is launching its stablecoin USDtb backed by BlackRock and Securitize's tokenized money market fund BUIDL.
The new offering aims to help stabilize the protocol's yield-generating USDe token and mitigate risks when crypto markets turn bearish. Ethena aims to get USDtb accepted as collateral on centralized exchanges and applied for allocation in Sky's $1 billion tokenized asset investment plan.) project Ethena said Monday it is rolling out its new stablecoin that aims to help stabilize the protocol's flagship USDe token when crypto markets turn bearish.
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