Aave Introduces USDtb by Ethena Labs to the Ethereum Core Market

Aave announced via X on Monday that USDtb by Ethena Labs is live on the Ethereum Core market. USDtb is a digital dollar backed by institutional-grade tokenized treasury funds. Aave added that the supply cap is set at 50,000,000, and the borrow cap is set at 40,000,000.

Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $214.32 per token, down 2.8% in the last 24 hours.

AAVE0.39%
ENA0.98%
ETH-0.65%
CORE-1.63%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)