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Binance-Listed Altcoin Launches Major New Product

Ethena, one of the fastest-growing decentralized finance (DeFi) platforms of 2024, today announced the launch of its new stablecoin, USDtb. According to the developers, this stablecoin is designed to complement the protocol’s platform’s native stablecoin, the USDe token, and balance its performance in bearish crypto market conditions. USDtb is pegged to the US dollar and holds 90% of its reserves in BUIDL, a tokenized money market fund issued by asset management giant BlackRock in partnership with Securitize. Ethena founder Guy Young highlighted the innovation behind USDtb, saying: “Given the rapidly growing demand for different stablecoin options, we saw a clear opportunity to offer users a new product that offered a completely different risk profile to USDe without them having to leave our trusted ecosystem.” Related News: BREAKING: Coinbase Announces New Altcoin Listing During Massive Bull Rally Ethena has attracted nearly $6 billion in user funding since going public earlier this year. The company’s native token, USDe, maintains its $1 price by implementing what it describes as a unique investment strategy: shorting perpetual swaps on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) while increasing funding rates. This approach has yielded impressive returns during bull markets (currently 27% annually), but has struggled in bearish conditions due to persistently negative funding rates. To address these risks, USDtb will serve as a balancing mechanism. During periods when funding rates are negative, Ethena will close underlying derivative positions in USDe and redirect assets to USDtb to mitigate losses. The team also plans to position USDtb as collateral for margin trading on centralized exchanges in the future. *This is not investment advice. Continue Reading: Binance-Listed Altcoin Launches Major New Product Bitcoin.com

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Forte Unveils Open-Source Rules Engine to Support Safety and Economic Stability in Blockchain Development

San Francisco, California, December 16th, 2024, Chainwire Forte’s Open Source Rules Engine Empowers Web3 Developers with Dynamic On-Chain Compliance and Economic Solutions for Launching and Managing Digital Assets. Forte has officially unveiled and launched the Forte Rules Engine, an open-source solution for developers to build safe, on-chain environments and manage digital asset economies for web3 apps. With the Rules Engine, developers can define and enforce rules, establish transaction guardrails, manage compliance obligations, and mitigate the risks of volatility and bad actors – all while supporting long-term digital asset utility and economic health. Developers can now utilize the Forte Rules Engine by visiting: forte.io/developers “The future of blockchain development is at a pivotal moment where the need to build strong foundations that foster safe, sustainable environments is paramount for blockchain projects and communities to thrive,” said Bela Pandya, CEO of Forte, “The Rules Engine was built to deliver these foundational technologies to developers that enable on-chain safeguards across a wide array of critical functions. From anti-dumping controls on airdrops to guardrails ensuring digital assets never interact with sanctioned wallets, and custom controls designed to mitigate volatility and market manipulation, the Rules Engine empowers developers to launch their projects confidently. This marks a new chapter for blockchain development, driven by compliance, economic stability, and a renewed sense of trust in blockchain development with much more on the horizon for the Forte Rules Engine.” Fully compatible with all EVM chains and web3 wallets, the Rules Engine provides developers the on-chain technology they need to build a safe, sustainable economy that their communities trust. This innovative suite of solutions aims to support: Safe Environments for Digital Assets The Forte Rules Engine employs on-chain guardrails to implement protective layers and safeguards that help mitigate risk and manage digital asset markets. The technology streamlines compliance navigation by leveraging Forte’s ecosystem of regulated partners to facilitate Know Your Customer (KYC) and Wallet protocols as well as sanctions enforcement, fostering responsible practices and building trust among users and communities. Through enhanced features such as Zero Knowledge (ZK) capabilities, developers can ensure privacy, verify identities, and assure transaction integrity. Economic Stability Developers will have access to a growing set of features designed to help launch, grow and scale a sustainable economy that their community can trust. This includes both templated and bespoke rulesets which can be designed to mitigate market volatility and manipulation, enforce token utility requirements, and effectively manage trading volume. The on-chain rulesets are designed for seamless integration and equipped with third-party integration options, ready to meet developer needs from day one. They offer the flexibility to adapt and evolve alongside the project, ensuring scalability and stability. Developers interested in leveraging the Forte Rules Engine for their next project can start building here . About Forte Forte provides open-source, on-chain solutions that foster safe environments and support healthy and stable digital asset economies. Our trust and privacy-preservation solutions empower developers to manage compliance risk, promote economic stability, and leverage instant liquidity. Developers can deploy flexible and adaptable blockchain solutions that evolve with their dynamic needs – fully compatible with all EVM chains and web3 wallets. Forte and its ecosystem partners are currently working with acclaimed developers to redefine the future of blockchain innovation. Contact Sibel Sunar 47 communications on behalf of Forte forte@fortyseven.com Bitcoin.com