This atomic swap event not only marks a significant milestone for @ethena_labs in becoming a bridge between TradFi and DeFi but also signals robust growth for the stablecoin sector within the space.
With the variety of stablecoin products currently available, @ethena_labs allows users to choose their products based on their strategies:
🔹USDe (backed by onchain assets) - Their first stablecoin, focused on expanding into DeFi for users.
🔹USDtb (backed by BUIDL) - Expands into DeFi for BUIDL holders and serves as the primary bridge for TradFi capital to flow into crypto via @convergeonchain, powered by @ethena_labs and @securitize.
FYI, if you want to gain exposure to Ethena, $ENA on @pendle_fi is discounted at ~24.6% fixed APY. Check here:
BUIDL now has 24/7 on-chain liquidity via @ethena_labs
We’ve partnered with Ethena to enable atomic swaps from BlackRock’s BUIDL to USDtb—unlocking new composability, liquidity, and accessibility for the world’s largest tokenized Treasury fund.
Here’s what it means 🧵👇
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