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USDtb is a fully backed USD stablecoin launched by Ethena Labs in December 2024, primarily backed by BlackRock’s BUIDL tokenized treasury fund.

Gate Research Weekly Report: This week, BTC traded within a consolidation range, while ETH showed a weaker sideways trend. Trump unveiled a comprehensive tariff policy with tiered rates on 50 countries and auto tariffs raised to 25%. The Arizona House Committee passed a Bitcoin reserve bill. Fidelity launched a retirement plan allowing direct crypto investment. Ethereum reclaimed the top spot in DEX trading as interest in Solana faded. Stablecoins continued to penetrate emerging markets, with India leading the world in usage.

OFT (Omnichain Fungible Token) by LayerZero enables cross-chain token transfers without wrapping, using a burn-and-mint mechanism to maintain unified token supply across networks. In this article, we'll explore the current landscape, focusing on leading token framework OFT by LayerZero, and examine what the future holds for this sector.

Gate Research Daily Report: On December 18, the price of BTC rose by 0.08% in the last 24 hours, while ETH fell by 2.33%. Ethena's TVL (Total Value Locked) surpassed $6 billion, setting a new all-time high. Ohio has proposed a Bitcoin Reserve Bill, recommending the state government to establish a Bitcoin Reserve Fund. The size of the US Bitcoin Spot ETF has now exceeded that of Gold ETF. The TON Foundation, in collaboration with EVAA Protocol, has launched a DeFi incentive program, offering 100,000 TON tokens to support ecosystem growth. Gate has also launched Coinhunt Plan #1, where users can trade popular coins like VANA and MOCA to share $15,000.