Ethena Labs 推出由贝莱德代币化货币市场基金 BUIDL 支持的 USDtb 稳定币

去中心化金融（DeFi）协议 Ethena Labs 推出了新的稳定币 USDtb，旨在解决其生态系统内的风险和稳定性问题。

DeFi protocol Ethena Labs has announced the launch of USDtb, a new stablecoin designed to provide a safer and more stable asset within its ecosystem. Backed primarily by BlackRock’s BUIDL tokenized money market fund, USDtb is set to serve as a resilient option during periods of market volatility.

DeFi 协议 Ethena Labs 宣布推出 USDtb，这是一种新的稳定币，旨在在其生态系统中提供更安全、更稳定的资产。 USDtb 主要由贝莱德的 BUIDL 代币化货币市场基金支持，在市场波动期间将成为一个有弹性的选择。

The stablecoin is structured similarly to fiat-backed counterparts like USDT and USDC, holding cash and cash-equivalent reserves to maintain a 1:1 peg to the U.S. dollar. However, a key aspect of USDtb's reserves is the 90% allocation to the BUIDL fund, the highest among stablecoins pegged to tokenized real-world assets (RWAs).

该稳定币的结构与 USDT 和 USDC 等法定货币支持的稳定币类似，持有现金和现金等价物储备，以维持与美元 1:1 的挂钩。然而，USDtb 储备的一个关键方面是 90% 分配给 BUIDL 基金，这是与代币化现实世界资产 (RWA) 挂钩的稳定币中最高的。

According to Ethena, this reserve strategy is crucial for scaling USDtb efficiently without encountering liquidity constraints. The stablecoin's launch is part of Ethena's broader strategy to strengthen its financial ecosystem.

Ethena 表示，这种储备策略对于在不遇到流动性限制的情况下有效扩展 USDtb 至关重要。该稳定币的推出是 Ethena 加强其金融生态系统的更广泛战略的一部分。

In a statement, Ethena founder Guy Young highlighted the stablecoin's role in providing users with a diverse risk profile without leaving the protocol's ecosystem.

Ethena 创始人 Guy Young 在一份声明中强调了稳定币在不离开协议生态系统的情况下为用户提供多样化风险状况的作用。

"In light of the rapidly accelerating demand for different stablecoin options, we saw a clear opportunity to provide a new product that offers users an entirely different risk profile from USDe without them having to leave our trusted ecosystem," Young said.

Young 表示：“鉴于对不同稳定币选择的需求迅速增长，我们看到了一个明显的机会，可以提供一种新产品，为用户提供与 USDe 完全不同的风险状况，而无需他们离开我们值得信赖的生态系统。”

In addition to its internal utility, Ethena also plans to integrate USDtb as a backing asset for Ethena’s flagship yield-bearing token, USDe, during periods of negative derivatives funding rates.

除了其内部效用外，Ethena 还计划在负衍生品融资利率期间将 USDtb 整合为 Ethena 旗舰收益代币 USDe 的支持资产。

By reallocating hedged positions into USDtb, Ethena aims to stabilize yields and reduce exposure to derivative market risks during bearish trends.

通过将对冲头寸重新配置为 USDtb，Ethena 旨在稳定收益率并减少看跌趋势期间的衍生品市场风险敞口。

To support USDtb's expansion, Ethena has applied for a $1 billion allocation from Spark's Tokenization Grand Prix program, which aims to scale tokenized RWAs.

为了支持 USDtb 的扩张，Ethena 已从 Spark 的代币化大奖赛计划中申请了 10 亿美元的拨款，该计划旨在扩大代币化 RWA 的规模。

If allocated, the move would further cement Ethena's role in integrating RWAs into DeFi.

如果分配的话，此举将进一步巩固 Ethena 在将 RWA 整合到 DeFi 方面的作用。

Ahead of its launch, several security measures were undertaken for USDtb. The stablecoin's smart contracts underwent three audits from Pashov, Quantstamp, and Cyfrin, with no critical or medium-level findings.

在推出之前，USDtb 采取了多项安全措施。该稳定币的智能合约经过了 Pashov、Quantstamp 和 Cyfrin 的三项审计，没有出现严重或中等水平的发现。

Additionally, a community-led audit by Code4rena also confirmed no significant vulnerabilities.

此外，由 Code4rena 进行的社区主导审核也确认不存在重大漏洞。

For cross-chain functionality, USDtb is being launched as a LayerZero-powered OFT (Omnichain Fungible Token), enabling transfers across Ethereum, Base, Solana, and Arbitrum networks.

对于跨链功能，USDtb 将作为 LayerZero 支持的 OFT（Omnichain Fungible Token）推出，支持跨以太坊、Base、Solana 和 Arbitrum 网络的传输。

The stablecoin is also integrated with Stargate, serving as the bridge for these cross-chain movements to enhance accessibility for users.

该稳定币还与 Stargate 集成，作为这些跨链运动的桥梁，以增强用户的可访问性。

Among the partners for USDtb's launch are Copper, Zodia, Komainu, and Coinbase Web3 Wallet for custodial services, while liquidity is being provided by Jump, Cumberland, Wintermute, Amber, GSR, and SCB Limited.

USDtb 推出的合作伙伴包括 Copper、Zodia、Komainu 和提供托管服务的 Coinbase Web3 Wallet，而提供流动性的有 Jump、Cumberland、Wintermute、Amber、GSR 和 SCB Limited。

The introduction of USDtb comes amid strong investor interest in Ethena's ecosystem, which was further highlighted by a recent surge in ENA governance token prices.

USDtb 的推出正值投资者对 Ethena 生态系统产生浓厚兴趣之际，最近 ENA 治理代币价格的飙升进一步凸显了这一点。

The token has seen a nearly 100% increase in value over the past month, reaching $1.22, marking its highest level since April 2024 – a 520% rise from its yearly low. Notably, this growth was partially driven by a $500,000 purchase from Trump-affiliated World Liberty Financial.

过去一个月，该代币的价值上涨了近 100%，达到 1.22 美元，创下 2024 年 4 月以来的最高水平，较年度低点上涨 520%。值得注意的是，这一增长的部分原因是从特朗普附属的世界自由金融公司购买了 50 万美元。