It is reported that the stablecoin USDtb has been officially integrated into multiple mainstream DeFi protocols such as Aave, Morpho, Euler Labs, and Fluid, allowing users to provide liquidity through these platforms and receive reward incentives and supply APR from Merkl.
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 custodied in publicly verifiable and independently isolated custody addresses, achieving real-time on-chain transparent management.
Users who have completed KYC and passed the whitelist review can mint and redeem USDtb 24/7 in real-time through the frontend interface or API, supporting USDC, USDT, and BUIDL as minting assets.
On the integrated platforms, USDtb's additional features include:
● Aave: Upcoming support for borrowing using the latest PT as collateral through e-mode
● Morpho & Fluid: Support for lending out 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 borrowing and lending of sUSDe, USDe, and PT-USDe
● Merkl.xyz: Eligible users can claim cross-protocol liquidity rewards every 8 hours
