USDtb has completed multi-chain integration, expanding the use cases for institutional stablecoin.

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 by Ethena in December 2024 and is currently the only stablecoin product primarily supported by the BlackRock BUIDL fund. Its underlying assets are custodized in publicly verifiable, independently isolated custodial 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 support using USDC, USDT, and BUIDL as minting assets.

On the integrated platform, more features of USDtb include:

● Aave: Soon to support lending and borrowing using the latest PT as collateral through e-mode. ● Morpho & Fluid: Support for collateral borrowing of USDtb using 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 lending. ● Merkl.xyz: Qualified users can claim cross-protocol liquidity rewards every 8 hours.