EddieJayonCrypto

 26 Sep 24

tl;dr

Ethena Labs has launched the UStb stablecoin, fully collateralized by BlackRock and Securitize, offering a differentiated risk profile to USDe. The introduction of UStb caused ENA price to surge over 16%, with significant trading volume and derivatives market activity. This development marks a signi...

Ethena Labs has launched the UStb stablecoin, collateralized fully by BlackRock and Securitize, offering a differentiated risk profile to USDe.

ENA price has surged over 16% in response to UStb stablecoin launch news, with the price currently trading at $0.3659. The 24-hour low and high are $0.3071 and $0.3728, respectively.

Ethena Labs has halted its website after a domain hack and has urged users to disconnect wallets and avoid transactions until further announcement.

This development marks a significant product expansion for Ethena Labs and has sparked a positive market response. The introduction of UStb caused significant trading volume and derivatives market activity. Source: Coingape, Varinder Singh


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