CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-06-19 07:48:54

Ethena Labs and Securitize enable 24/7 swaps between USDtb and BlackRock’s BUIDL

For the first time, institutional and decentralized finance users can now swap between BlackRock’s tokenized U.S. Treasury fund, BUIDL, and Ethena’s USDtb stablecoin around the clock. The new capability, announced by Securitize on June 18, marks a step forward in connecting traditional finance with DeFi. It sets a new standard for how tokenized assets are accessed and composed on-chain. Thanks to a new liquidity fund smart contract, qualified users onboarded through Securitize can now perform atomic swaps between BUIDL and USDtb around the clock. As a result, holders of BUIDL, or BlackRock USD Institutional Digital Liquidity Fund, now have unlimited access to a variety of DeFi strategies that already incorporate USDtb. USDtb, which has a circulating supply of over $113 million, is primarily backed by BUIDL and offers a stable, composable, and yield-exposed dollar on-chain. BUIDL now has 24/7 on-chain liquidity via @ethena_labs We’ve partnered with Ethena to enable atomic swaps from BlackRock’s BUIDL to USDtb—unlocking new composability, liquidity, and accessibility for the world’s largest tokenized Treasury fund. Here’s what it means 🧵👇 pic.twitter.com/vymjYACt0T — Securitize (@Securitize) June 18, 2025 You might also like: BlackRock’s BUIDL fund integrated into Eular for on-chain collateral use The integration was built by Securitize and Ethena ( ENA ) Labs, extending a partnership that began with the launch of the Converge blockchain in March this year. It enables asset holders to switch between programmable dollars and tokenized treasuries without the need for off-chain middlemen. This opens up new trading options and liquidity for both CeFi and DeFi participants. BUIDL’s expanding role in crypto infrastructure is further demonstrated by its recent listing as collateral on Deribit and Crypto.com. The fund now dominates roughly 40% of the $7.3 billion tokenized U.S. Treasuries market, with strong inflows from institutions seeking regulated yield exposure. At first, Ethena Labs held up to 90% of USDtb’s reserves in BUIDL but has since stopped making additional allocations. However, USDtb is still closely related to the liquidity and performance of the fund. Systemic risks are introduced by the deep reserve concentration in BUIDL. If BUIDL were to face redemption bottlenecks or regulatory scrutiny, USDtb’s backing could be tested. However, with verified reserves and audited smart contracts, the system aims to balance transparency with capital efficiency. Read more: Ethena partners with TON Foundation to bring USDe and sUSDe into Telegram

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta