Ethena is the largest LP of BlackRock's BUIDL Fund, with an indirect position of approximately US$1.3 billion

Crypto 7x24

2025-04-25 14:20:27

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On April 25, according to Token Terminal data, about 90% of the assets of the stablecoin USDtb issued by Ethena Labs are supported by its LP share in the BlackRock BUIDL Fund, indirectly becoming the fund's largest liquidity provider, with a position of US$1.3 billion.

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