Hassan Maishera
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.
