Ethena Labs has announced the introduction of UStb, a new stablecoin fully backed by BlackRock’s on-chain BUIDL fund, developed in partnership with Securitize. This product is an additional fiat stablecoin alongside USDe, offering a differentiated risk profile to users and exchange partners.
Brazil’s currency loses 12% to 13% of its value each year, according to Cauê Oliveira, the Head of Research and on-chain analyst at BlockTrends Brazil.
He warns that without assets earning interest or salary growth exceeding this rate, individuals will become poorer annually.