這就是 Ethena (ENA) 價格上漲的原因

Ethena (ENA) 的價格今天飆升了 10% 以上，標誌著繼 9 月中旬開始的看漲趨勢之後大幅上漲。

The price of Ethena (ENA) has surged by more than 10% today, continuing a bullish trend that began in mid-September.

Ethena (ENA) 的價格今天飆升了 10% 以上，延續了 9 月中旬開始的看漲趨勢。

The upward momentum started when ENA broke free from a five-month descending channel, leading to a price increase of nearly 100%.

當ENA突破五個月下降通道時，上漲勢頭開始，導致價格上漲近100%。

This breakout has been a major factor driving the price rise, but there are also fundamental developments contributing to the positive sentiment surrounding the project.

這項突破是推動價格上漲的主要因素，但也有一些基本面的發展促進了圍繞該專案的正面情緒。

Securitize recently announced a partnership with Ethena for the upcoming launch of UStb, a new stablecoin that will invest its reserves in BlackRock's tokenized U.S. Treasuries fund, BUIDL.

Securitize 最近宣布與 Ethena 合作，即將推出 UStb，這是一種新的穩定幣，將把其儲備投資於貝萊德的代幣化美國國債基金 BUIDL。

With over $522 million in assets, BUIDL is the largest tokenized U.S. Treasuries fund.

BUIDL 擁有超過 5.22 億美元的資產，是最大的代幣化美國國債基金。

This collaboration marks a significant step in the evolution of tokenized finance, merging innovations in stablecoins and real-world asset tokenization.

此次合作標誌著代幣化金融發展的重要一步，融合了穩定幣和現實世界資產代幣化的創新。

Securitize is excited to partner with @ethena_labs for the planned launch of UStb, a new stablecoin that intends to fully back the stablecoin reserves into @BlackRock's tokenized U.S. Treasuries fund, BUIDL.

Securitize 很高興與 @ethena_labs 合作計劃推出 UStb，這是一種新的穩定幣，旨在將穩定幣儲備完全支持到 @BlackRock 的代幣化美國國債基金 BUIDL。

As the largest tokenized U.S. Treasuries fund with over $522 million in assets, BUIDL… pic.twitter.com/vUotXe6PJZ

作為最大的代幣化美國國債基金，資產超過 5.22 億美元，BUIDL… pic.twitter.com/vUotXe6PJZ

Ethena Labs also announced the partnership, highlighting that UStb will operate as a separate fiat stablecoin product alongside USDe, offering users and exchange partners a new option with a distinct risk profile.

Ethena Labs 還宣布了合作夥伴關係，強調 UStb 將與 USDe 一起作為獨立的法幣穩定幣產品運營，為用戶和交易所合作夥伴提供具有獨特風險狀況的新選擇。

The introduction of UStb aims to address concerns within the community about USDe's performance in negative funding rate environments.

UStb 的推出旨在解決社區內對 USDe 在負資金利率環境下表現的擔憂。

However, despite bearish conditions over the last six months, Ethena's USDe has managed to avoid any weeks of negative funding.

然而，儘管過去六個月情況嚴峻，Ethena 的 USDe 仍成功避免了任何幾週的負資金。

Additionally, USDe's backing composition can dynamically adjust between basis positions and liquid stable products, depending on interest rate conditions.

此外，USDe 的支撐構成可以根據利率條件在基差部位和流動性穩定產品之間動態調整。

In scenarios of weak funding, USDe could potentially incorporate UStb, allowing Ethena to mitigate risks associated with negative funding rates.

在資金疲軟的情況下，USDe 可能會合併 UStb，使 Ethena 能夠減輕與負資金利率相關的風險。

Furthermore, as Ethena expands into centralized exchange (CEX) collateral offerings beyond its current integrations with Bybit and Bitget, it can provide exchange partners with the choice of two distinct products for margin collateral.

此外，隨著 Ethena 在目前與 Bybit 和 Bitget 的整合之外擴展到中心化交易所 (CEX) 抵押品產品，它可以為交易所合作夥伴提供兩種不同的保證金抵押品產品選擇。

Ethena Labs concluded the announcement by stating that they will share updates on UStb in the coming days. Follow X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates. Get all our future calls by joining our FREE Telegram group.

Ethena Labs 在聲明最後表示，他們將在未來幾天分享 UStb 的最新資訊。請關注 X (Twitter)、CoinMarketCap 和 Binance Square，以了解更多每日加密貨幣更新。加入我們的免費 Telegram 群組即可接聽我們未來的所有電話。