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Usual announced the integration of USDtb and sUSDe as a core part of its future business strategy.
PANews December 18th news, according to the official blog of Ethena Labs, the Stable Coin issuance protocol Usual announced today that it will integrate USDtb and sUSD as a core part of its future business strategy. After Ethena Labs releases USDtb, Usual has reached an agreement with Ethena to accept USDtb as Collateral, and then migrate part of the support assets for Stable Coin USD0 to USDtb. In the coming months, Usual will become one of the largest issuers and holders of USDtb. As part of this collaboration, Usual will establish a sUSDe treasury for the bond product USD0++holder, allowing Usual users to receive sUSDe rewards while continuing to maintain exposure to Usual. This will create a synergistic effect, enabling Usual users to leverage Ethena rewards while increasing Ethena’s TVL. Finally, Usual will incentivize and enable fee-free USDtb-USD0 and USDtb-sUSDe exchange venues to increase liquidity between these core assets. After obtaining approval from the Ethena Risk Committee, a portion of the Ethena reserve fund may be allocated to USD0++, and will be used to build Ethena priority products through joint incentives and other leverage support provided by Usual.