Cryptocurrency Q&A
Is Athena a stablecoin?
Is Athena a stablecoin?
Andrea
Tue Nov 26 2024
|
7 answers
1237
I'm curious about Athena and whether it falls under the category of a stablecoin. I've heard about stablecoins being pegged to a specific asset or currency, and I want to know if Athena follows this model.
7 answers
Leonardo
Thu Nov 28 2024
The team behind Ethena believes that this investment strategy will provide stability and security to the stablecoin.
Was this helpful?
155
90
DavidJohnson
Thu Nov 28 2024
The stablecoin is named UStb, and it is designed to support another synthetic stablecoin called USDe during tough market conditions.
Was this helpful?
94
60
BlockchainBrawler
Thu Nov 28 2024
UStb will allow Ethena's governance to take proactive measures in the event of market volatility.
Was this helpful?
97
43
Riccardo
Thu Nov 28 2024
Ethena has made an exciting announcement regarding a new stablecoin.
Was this helpful?
172
43
Stefano
Thu Nov 28 2024
This stablecoin invests its reserves in a real-world asset fund called BUIDL, which is managed by Blackrock.
Was this helpful?
283
73
Load 5 more related questions
