PANews reported on December 13 that stablecoin issuer Ethena released a new video showing the USDtb display page and mentioning "December 16, 2024", which may imply that its stablecoin product USDtb will be officially launched on December 16.

Earlier in November , Ethena and Securitize were participating in Spark's $1 billion tokenization competition for the upcoming stablecoin USDtb. USDtb's initial reserves will be supported by more than 90% of BlackRock's BUIDL fund, which is tokenized by Securitize.