Blackrock joins the race to issue a new Stablecoin

Blackrock has announced its support for a new stablecoin, UStb, launched by Athena Labs. Backed by Blackrock’s BUIDL fund, UStb is designed to provide a reliable alternative to the stablecoin market, leveraging investments in US dollars, short-term T-bills and repurchase agreements. Athena Labs has partnered with Securitize to facilitate the launch, with the aim of improving (…)