It is reported that the stablecoin USDtb has been officially integrated into several mainstream DeFi protocols such as Aave, Morpho, Euler Labs, and Fluid. Users can now provide liquidity through these platforms while earning rewards incentives provided by Merkl and supply APR returns.

USDtb was launched in December 2024 by Ethena and is currently the only stablecoin product primarily supported by the BlackRock BUIDL fund. Its underlying assets are held in publicly verifiable, independently isolated custody addresses, achieving on-chain real-time transparent management.

Users who have completed KYC and passed the whitelist review can mint and redeem USDtb in real-time 24/7 through the front-end interface or API, and can use USDC, USDT, and BUIDL as minting assets.



On the integrated platform, more features of USDtb include:

● Aave: Soon to support borrowing and lending using the latest PT as collateral through e-mode
● Morpho & Fluid: Supports borrowing USDtb with collateral in ETH, wstETH, weETH, wBTC, and cbBTC
● Euler Finance: Can be used as collateral in 19 different vaults
● SteakhouseFi × Ethena Vault (coming soon): USDtb can interact with sUSDe, USDe, PT-USDe for borrowing and lending
● Merkl.xyz: Qualified users can receive cross-protocol liquidity rewards every 8 hours

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