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BlackRock and Securitize back Ethena’s new stablecoin

by BitlyFool | Posted on September 26, 2024

Ethena Labs is launching a new stablecoin project fully backed by BlackRock’s Ethereum-based tokenized fund and Securitize. Synthetic dollar issuer Ethena (ENA) unveiled its UStb fiat stablecoin product, which is supported by the BlackRock USD Institutional Digital Liquidity Fund, known…

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