Interest in cryptocurrencies continues to surge as institutional players announce groundbreaking ventures. Recently, the ENA team revealed its new stablecoin launch, which is particularly intriguing due to its association with BlackRock. The company utilizes its tokenized bonds as reserve assets, instilling confidence in investors and potentially driving rapid growth for both altcoins and RWA tokens.
BlackRock and ENA Coin
As the world’s largest asset manager, BlackRock oversees more than $10 trillion in assets and issues the largest spot Bitcoin 
$106,826 ETF, IBIT. One of the largest tokenized bonds, BUILD, is also issued by BlackRock, indicating the firm’s keen interest in cryptocurrencies.
Today, Ethena Labs announced the USDtb stablecoin, which is backed by BUILD, in collaboration with Securitize, a leader in tokenizing real-world assets. Similar to stablecoins like USDC and USDT, this stablecoin is pegged to the dollar at a 1:1 ratio, with 90% of its reserves held in BUILD.
“As part of our vision for USDtb, it can serve as an alternative collateral to USDe on the centralized exchanges Ethena is already partnered with and on others that will offer similar programs in the future.
The core USDtb smart contracts have undergone three full audits by leading auditors Pashov, Quantstamp, and Cyfrin, with no high or medium findings, and a community-focused audit by Code4rena also showed no high or medium findings.”
Following the announcement, the price of ENA Coin experienced an increase of nearly 4%.
