Ethena USDtb (BUIDL-backed stable) fund
Overview
The Ethena protocol has issued a stablecoin designated USDtb. The token is collateralised by BlackRock's BUIDL fund, a tokenised money market fund that invests in U.S. Treasury bills. Within the Ethena ecosystem, USDtb functions as a yield-bearing, fiat-collateralised stablecoin, employed primarily as collateral and for liquidity provision in decentralised finance applications.
Within The Counterparty graph, Ethena USDtb (BUIDL-backed stable) connects to 2 tracked entities, most strongly to Ethena Labs, Ethereum.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | Ethena Labs | 95% |
deployed_on | Ethereum | 85% |
Frequently asked questions
What is Ethena USDtb (BUIDL-backed stable)?
Ethena USDtb (BUIDL-backed stable) is a fund tracked in The Counterparty knowledge graph. It is connected to 2 other tracked entities, most strongly to Ethena Labs, Ethereum.
What type of entity is Ethena USDtb (BUIDL-backed stable)?
Ethena USDtb (BUIDL-backed stable) is classified as a fund (fund) in The Counterparty knowledge graph.
What is Ethena USDtb (BUIDL-backed stable) connected to?
In The Counterparty knowledge graph, Ethena USDtb (BUIDL-backed stable) is linked to 2 other tracked entities, most strongly to Ethena Labs, Ethereum.