Search results for USDtb
Crypto
Anchorage Digital joins Ethena Labs as collateral manager for institutional lending
Crypto custody firm Anchorage Digital is working with Ethena Labs to act as a collateral manager for institutional lending. Through its Atlas Collateral Management platform, Anchorage will custody and manage collateral for Ethena’s institutional lending activity, allowing institutions to borrow from Ethena without fully transferring collateral on-chain. Atlas monitors collateral and borrowing limits in real time and automates margin processes. Anchorage Digital Bank also participates as issuer of Ethena’s institutional stablecoin USDtb.
Crypto
BlackRock urges changes to GENIUS Act implementing rules amid differences with OCC
BlackRock has urged the U.S. Office of the Comptroller of the Currency to withdraw a provision that would cap tokenised assets at 20 percent of stablecoin reserve assets, saying the limit is unnecessary. It said reserve-asset risk should be judged by liquidity, maturity and credit quality, not whether assets are tokenised. BlackRock also asked for clarity on what qualifies as eligible reserves, including whether Treasury ETFs qualify, and proposed adjustments to diversification options in the draft rules.
Crypto
MegaETH to buy back MEGA with USDM revenue, says tokens released only with results
MegaETH Foundation will regularly buy MEGA tokens using revenue generated by its USDM stablecoin, The Block reported on Thursday. The move is part of announcements ahead of the mainnet launch. The foundation said USDM demand grows as applications expand, increasing MEGA buybacks. USDM was co-designed by MegaLabs and Ethena and is backed by Ethena’s USDtb, tied to BlackRock’s tokenised BUIDL fund.
