USDtb price

USDTb launched with the OFT Standard on day one and will soon expand to Converge and beyond. Over 50% of BlackRock’s $2.9B+ BUIDL fund backs USDtb—leading to $1.5B in assets secured by @ethena_labs and LayerZero. Institutional Assets, Powered by LayerZero

Ethena's USDtb has achieved atomic swaps with BUIDL through a new smart contract, and the permissions should be limited to users certified by Securitize. For regular users, USDtb essentially becomes a permissionless version of BUIDL on-chain. This shouldn't be the first instance; Securitize previously launched an sBUIDL on Avalanche. From the trend, institutions are still quite motivated to promote the on-chain use of tokenized funds.

BlackRock & JPMorgan quietly enter DeFi with USDtb on Base So... BlackRock just launched their stablecoin, USDtb. Naturally, I checked where it's trading — and the first place it showed up? Curve Finance. Let that sink in: the world's largest asset manager chose Curve as its first DeFi stop. No headlines. No CT hype. No announcements blasting this everywhere. Just... silence. Or maybe I'm just reading the wrong feeds? Feel free to correct me if I'm off, but this feels huge and barely anyone's talking about it. Went deeper - there's already $20M TVL in the Curve pool paired with USDtb. That's not retail playing around. That's serious liquidity being parked by institutions, lowkey. And it's not just Curve. You can start to see the bigger picture forming: • BlackRock → Coinbase → Base → Aerodrome • BlackRock → Frax (frxUSD) • BlackRock → Curve • BlackRock → Real World Assets (BUIDL on Ethereum) • JPMorgan → tokenization on Base This is no longer theory from Reddit threads or old YouTube podcasts. It's happening - now, and on-chain. More threads coming soon. Too many dots are finally connecting.

This week's Other News of Note - #ONN - 🪙Stablecoins continue to explode, with Amazon, Walmart, Bank of America, China’s all exploring a launch, and JP Morgan launching a pilot for its deposit token “JPMD”; 📈Deribit and began integrating BlackRock’s BUIDL as trading collateral; 🇰🇷South Korea’s Financial Services Commission is advancing new rules for crypto and moving towards a launch of spot crypto ETFs; 💰Strategy’s Bitcoin holdings rise to above 590,000; 🇭🇰HSBC Hong Kong advances its blockchain initiatives, with a focus on custody, tokenization, and bond issuance; 🇻🇳Vietnam passed a sweeping legal framework defining and managing crypto; ⚡️Bybit unveiled a new decentralized exchange, Byreal, on Solana; 💲customers can now pay with USDC on Shopify; 💳Coinbase launches an AmEx-backed credit card offering Bitcoin rewards, is seeking SEC approval to offer tokenized equities; 😯Gemini submitted a complaint to the CFTC alleging that CFTC lawyers “misused their offices and millions of taxpayer dollars to engage in trophy-hunting lawfare”; 🇹🇭Thailand okays a five-year capital gains tax exemption on crypto transactions; 🇪🇸Spanish bank BBVA is now advising high net worth clients to allocate 3-5% to Bitcoin and Ether; 🔥LatAM’s Feniix Exergy completed a $75M acquisition using tokenized equity and debt via the GSX Protocol; 💵the Ethereum Foundation donated $500K to support Roman Storm’s defense; 🇧🇷Brazil to impose a flat 17.5% capital gains tax on crypto profits, with losses deductible over five quarters; ⚖️X suspended more than 20 crypto-related accounts on Monday, including and its founder; 🇫🇷A group of French lawmakers are advocating for Bitcoin mining to absorb and monetize the country’s nuclear energy surplus; 🏢Trump Media & Technology Group has filed to launched a new bitcoin and ether ETF on Monday; 💹Athena Labs and Securitize partnered to facilitate 24/7 atomic swaps using the USDtb stablecoin (backed by BlackRock’s BUIDL); 📈Coinbase Derivatives and Nodal Clear are partnering to integrate USDC as eligible collateral for futures trading; 🇵🇰Michael Saylor met with Pakistan’s Finance Minister and other Pakistani leaders to support the country’s crypto pivot.

All things stablecoin since Tuesday: • Senate passes stablecoin bill. • JPMorgan to launch ‘deposit token’ JPMD. • Coinbase debuts stablecoin payment stack. • Elastos debuts BTC-backed stablecoin BTCD. • Circle hits $200+ per share, a new all-time high. • Trump urges House to pass GENIUS stablecoin bill. • JD applies for stablecoin licenses in major global markets. • Paxos launches new startup to help institutions with DeFi. • TRM Labs says 99% of stablecoin activity in 2024 was 'licit'. • Ethena Labs & Securitize enable 24/7 atomic swaps for USDtb. • Bank of Korea warns local stablecoins could boost USD demand. • China’s Central Bank unveils e-CNY center to boost global reach. • Scott Bessent says Trump’s crypto push will help dollar supremacy. • Coinbase Derivatives moves to add USDC as collateral for futures trading.